Siemens sees higher 2016 earnings after Q4 beat

Europe's biggest industrial group Siemens expects a double-digit rise in earnings for its current fiscal year provided that markets pick up for some of its key businesses. "Siemens anticipates further softening in the macroeconomic environment and continuing complexity in the geopolitical environment in 2016," it said in a statement on Thursday. "This outlook assumes that momentum in the market environment for Siemens' high-margin short-cycle businesses will pick up in the second half of fiscal