News Snapshot:
LONDON, Oct 4 (Reuters Breakingviews) - Roland Busch has a problem familiar to many German corporate chieftains. Siemens’ (SIEGn.DE) chief executive presides over a sprawling $110 billion conglomerate with a lowly valuation. But solutions are complicated by Europe’s increasingly tricky relations with Germany’s biggest trading partner – China. Siemens trades at around three-quarters of what its assets are worth, according to calculations by Barclays analysts. Shares in Germany’s second-largest company by market value have consistently underperformed the MSCI World Industrials Index in recent decades. To stop the rot Busch needs his core business to motor, and to offload a low-margin...
