Financial

SEPTEMBER 26 brought a double-dose of bad news for Bombardier, with the US Department of Commerce imposing punitive tariffs of 219% on the import of C Series aircraft and Alstom and…
SPEAKING at a joint Siemens-Alstom press conference in Paris on September 27, Mr Joe Kaeser, president and CEO of Siemens, confirmed that the merger of Siemens Mobility and Alstom should…
ALSTOM and Siemens announced on September 26 that they have signed a Memorandum of Understanding to combine their mobility businesses in a "merger of equals."
BOMBARDIER Transportation announced on September 25 that the company’s Management and General Works Council has signed a general company agreement formalising the transformation strategy for its German sites, announced on…
THAILAND’s Office of Transport and Traffic Policy and Planning has released a 20-year masterplan for rail development worth more than Baht 2.7 trillion ($US 81.57bn).
ALSTOM confirmed on September 22 that it is in discussions with Siemens regarding a “possible combination” with Siemens Mobility.
ITALIAN State Railways (FS) completed its acquisition of Greek national train operator Trainose on September 14, when the final documents authorising the transaction were signed at the Greece - Italy…
THE first high-speed rail project in China to be implemented as a public private partnership (PPP) moved a step closer to the start of construction on September 11, when China…
RUSSIAN Railways (RZD) reported a 4.1% year-on-year increase in revenues across its 192 subsidiaries to Roubles 1.082 trillion ($US 18.99bn) in the first six months of 2017, with the result…
BRITAIN’s Department for Transport has pledged £59.8m towards Midland Metro’s 2km Edgbaston extension, completing the £149m in funding required for the project.
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