Siemens Raises Outlook as Lower Tax Offsets China, Oil SlumpBy and
Engineering firm sees higher earnings per share than expected
Shares gain most since 2009 as investors welcome confidence
Siemens AG gained the most in almost seven years after unexpectedly raising its full-year profit outlook, as investors welcomed Chief Executive Officer Joe Kaeser’s confidence that the German engineering firm can ride out a slowdown in China and drop in oil prices.
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