China is designing its next generation of trains that can carry passengers at a top speed of 500km/h, the SCMP reports.
European stocks finished Thursday higher as investors celebrated the BoE's decision to cut the UK's key interest rate to a record low.
Siemens, the German engineering company, reported better than expected results for the third quarter on Thursday and raised its guidance.
Siemens Regional CEO Armin Bruck says Asean's infrastructure push is driving growth and building a solid foundation for future investments.
The engineering giant says it will freeze new wind power investment plans in the UK.
European markets opened higher on Friday, on the back of a positive trading session in Asia and a tick-up in oil prices.
Many start-ups receive tons of funding for taking control of an untapped market. But that doesn't mean they have great patent protection.
Markets have been complacent about the possibility of a British exit from the European Union, but last week things began to change.
European stocks ended Wednesday sharply lower, after a raft of major earnings, a decline in mining stocks and renewed pressure on oil weighed on sentiment.
German industrial group Siemens beat expectations for second-quarter profit as it accelerated a cost-cutting program and lifted its savings target for the year on Wednesday.
Currency volatility and oil prices could be two factors driving markets Wednesday, as traders also eye U.S. economic data and earnings reports.
European equities closed higher on Friday after the Bank of Japan surprised global markets by adopting negative interest rates for the first time.
China's economic problems are not as bad as they appear in spite of the current market tailspin, the chief executive of Siemens said.
Joe Kaeser, CEO of Siemens, discusses the company's earnings after reporting a 42 percent rise in first-quarter profits.
European markets finished in negative territory on Monday as a renewed slip in oil prices weighed on investor sentiment.
Known as the man who reversed the fortunes of Hitachi, Hiroaki Nakanishi is now preparing the Japanese conglomerate for its next challenge.
European equities finished sharply lower on Thursday, as oil prices and a fall in Rolls-Royce shares dented investor sentiment.
The head of Siemens was accused this week of sounding more like the head of a start-up; Joe Kaeser told CNBC that was a compliment.
Joe Kaeser, CEO of SIemens, says he still sees opportunities for the company to grow in China, albeit at a slower rate than in the past.
Joe Kaeser, CEO of Siemens, says macro trends and demographics are supportive of his company's health care business, and is pleased by comments that he often sounds more like the head of a start-up.