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Siemens Faces Protests on Australian Coal Project

Feb.05 -- Siemens AG, the German industrial giant, has warned a market slump is set to continue after quarterly profit missed the street's estimates due to a steep decline in the automotive machine-building and energy businesses. The results come on the same day as a shareholder meeting where CEO Joe Kaeser faces more pressure from environmental activists over a contract to supply an Australian coal mine. Bloomberg’s Oliver Sachgau reports on “Bloomberg Markets: European Open.”