BEIJING – The two largest Chinese train manufacturers have teamed up to compete on the world market together against rivals such as Siemens and Bombardier. After the announcement of the mega-merger between China CNR and CSR shares in the company fired on Wednesday in Hong Kong and Shanghai in height. Both had last market value of the equivalent of around 21 billion euros. In a communication to the Shanghai Stock Exchange on Tuesday night it was said that the merger was to “create a new cross-border and global leader in high-quality web design” as the official Xinhua news agency quoted. In the exploration of the world market so you should also “grave wars” between the two manufacturers of high-speed trains are avoided
ROUNDUP: job engine Volkswagen increases workforce stronger than sales
WOLFSBURG / DUISBURG – In the race against. the industry leader Toyota carmaker Volkswagen falls, according to an expert in calculating its labor productivity growing back. Germany’s biggest concern had the workforce size this year increased noticeably stronger than sales, the auto experts at the University of Duisburg-Essen announced on Tuesday. Accordingly, put the number of employees by nearly 4 percent to around 594,000 people, while sales but only by about 1 percent. Revenue has extrapolated the university there. . After nine months, revenue grew to the same period was 1.4 percent
ROUNDUP: Facebook postpones introduction of new privacy rules
MENLO PARK – Facebook has announced the launch of its new privacy rules by pressure from European regulators for almost a month postponed until the end of January. They want to give more time to review the changes, said a Facebook spokesman for Deutsche Presse-Agentur. The new rules are now entering instead of 1 January in force until 30 January. Facebook wants to cut inter alia, the more advertising to individual users. . Therefore, for example, should also provide information on pages visited and used apps are evaluated
Railway CFO: profit target in 2014 will probably not reach
BERLIN – The German web in 2014 as last year its profit target miss. “An earnings before interest and taxes (…) of 2.2 billion euros I think for now unlikely,” said Chief Financial Officer Richard Lutz in the January issue of the employee magazine “DB world.” Thus, the company could not be satisfied. The reasons mentioned by the Manager loads by the train driver strikes, the storm “Ela”, the strong competition from long-distance buses and ‘supplementary budget variances in some business areas “
head of Sony Pictures. Hackers attack was” criminal extortion “
NEW YORK – The hacker attack on Sony Pictures was, in the words of CEO Michael Lynton a case of “criminal extortion”. But he was confident that the company’s attack and debates on – now revised – not to show decision, the controversial film “The Interview” will overcome quickly, Lynton said the “New York Times” (Wednesday). . “If we concentrate on our work, then I honestly think that we will recover soon from this,” Lynton was quoted
Russia based VTB Bank with billions Help
MOSCOW – The Russian of the economic crisis and the strong Western sanctions taken VTB Bank has received State aid amounting to 100 billion rubles (about 1.4 billion euros). With the money, infrastructure projects should be funded, the VTB bank said on Tuesday in Moscow. By the end of 2015, the state-controlled financial institution also offers therefore a further tranche of aid of 150 billion rubles
Worried Greeks raise 2.5 billion euros in December of accounts from
ATHENS -. Fearing political and economic turmoil has lifted in December many savers and companies in Greece a total of 2.5 billion euros from their bank accounts. This is unusual and only can be explained by the fact that the citizens are very worried, given the early elections on January 25, reported the conservative Athens newspaper “Kathimerini” on Wednesday. A mini-capital flight started in November with 200 million euros minus, it said
After complaining the competition: British Aldi campaign banned
LONDON – A Aldi advertising campaign in the UK. has been prohibited by a complaint from the supermarket Tesco top dog. The German discounter lures in customers with the promise that they can save on their weekly shopping money when they go to Aldi. Subjects are said to have tried and confirmed the
Karstadt council wants to transfer company for ex-employees
DORTMUND / ESSEN -. The council boss of the ailing department store chain Karstadt calls a collecting society for dismissed employees. “We seek a transfer company to” the council chairman Hellmut Patzelt said the “Ruhr Nachrichten” (Wednesday). In early January to begin negotiations on a possible social compensation plan for 330 Karstadt employees affected by the planned job cuts. . The company could not be reached Wednesday for comment first
ROUNDUP: Uber is operating with private drivers in Spain
MADRID – The controversial car service Uber-mediator has to be Privatfahrer- Offer UberPop in Spain to court defeats suspended. Responsible for the southern European country manager Carles Lloret announced Wednesday the blog of the US company, they wanted to respect all decisions of the Spanish judiciary, but also go against the decision of the Madrid court on appeal
& lt. table & gt; & lt; tr & gt; & lt; td colspan = 2 & gt; More info: & lt; / td & gt; & lt; / tr & gt; & lt; tr & gt; & lt; td & gt; – & lt; / td & gt; & lt; td & gt; SPD transport politicians: Opening of BER airport probably only 2018 & lt; / td & gt; & lt; / tr & gt; & lt; tr & gt; & lt; td & gt; – & lt; / td & gt; & lt; td & gt; ROUNDUP: Consumer advocates: More problems caused by low interest rates & lt; / td & gt; & lt; / tr & gt; & lt ; tr & gt; & lt; td & gt; – & lt; / td & gt; & lt; td & gt; ROUNDUP: Stricter emission values for ships intended to improve air quality & lt; / td & gt; & lt; / tr & gt; & lt; tr & gt; & lt; td & gt; – & lt; / td & gt; & lt ; td & gt; minimum wage shall apply from 00.01 clock – DGB insists on implementing immediately & lt; / td & gt; & lt; / tr & gt; & lt; tr & gt; & lt; td & gt; – & lt; / td & gt; & lt; td & gt; US: Pending home sales attract a surprisingly strong according to &; / td & gt; & lt; / tr & gt; & lt; tr & gt; & lt; td & gt; – & lt; / td & gt; & lt; td & gt; vodka is despite ruble crisis in Russia cheaper & lt; / td & gt; & lt; / tr & gt; & lt; / table & gt;
Customer Notice: ROUNDUP: please read the company overview summary. There are about this topic several messages on the AFX news service.
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