category

Earnings Report

Siemens sees slump in fossil-fuel power generation

Industrial equipment maker Siemens saw profit rise in the first three months of the year as the company booked a one-time gain related to pensions while profits from its factory digitalization business helped offset sagging results from fossil fuel power generation.

Bank Intesa SanPaolo's earnings up by nearly 40 percent

Italian bank Intesa SanPaolo says its profits grew nearly 40 percent in the first quarter due to higher fees and commissions as the bank also moved to further cut costs and reduce its stock of non-performing loans.