Business

VW turns on ex-chairman over emissions allegations

VW turns on ex-chairman over emissions allegations

Published 09/02/2017

FILE PHOTO: The Volkswagen logo is seen at the Frankfurt Motor Show (IAA) in Frankurt, Germany, September 10, 2013. REUTERS/Pawel Kopczynski/File Photo

Volkswagen signalled it could take legal action against former chairman Ferdinand Piech after a media report said he had informed top directors about potential cheating of diesel emission tests six months before the scandal became public.

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Oil fuels stocks rally, bond market pressure eases

Oil fuels stocks rally, bond market pressure eases

Published 09/02/2017

A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai

Stocks rose in Europe and Asia on Thursday and yields fell on some of the euro zone's battered low-rated bonds as investors put aside the political risks that have dominated markets this week.

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Goldman hedge fund folding London operations, shifting staff to U.S.: sources

Goldman hedge fund folding London operations, shifting staff to U.S.: sources

Published 09/02/2017

A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo

Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, is folding its London operations into the United States and shifting staff members to New York, four sources told Reuters.

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Former Israeli business tycoon Dankner appeals conviction

Former Israeli business tycoon Dankner appeals conviction

Published 09/02/2017

Nochi Dankner (L), once one of Israel's most powerful businessmen, attends a sentencing hearing at the Tel Aviv District court, Israel December 5, 2016. REUTERS/Shlomi Yosef/Pool

Nochi Dankner, once one of Israel's most powerful businessmen who lost his business empire in the global financial crisis, has appealed to the country's supreme court against his conviction for manipulating share prices.

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Kiwi clattered by central bank steer, U.S. dollar dips

Kiwi clattered by central bank steer, U.S. dollar dips

Published 09/02/2017

Reserve Bank of New Zealand dollar notes are pictured in Singapore June 22, 2006. REUTERS/Dennis Owen/File Photo

The New Zealand dollar was by far the biggest faller among major currencies on Thursday, down almost a full percentage point after its central bank kept rates on hold and said any tightening might be at least two years away.

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Banks take bigger role in Latin America fight against tax evasion

Published 09/02/2017

Bernal

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Global automakers blame tax policy, Lunar New Year for China sales drop

Global automakers blame tax policy, Lunar New Year for China sales drop

Published 09/02/2017

Ford Taurus cars are seen during a presentation at the 16th Shanghai International Automobile Industry Exhibition in Shanghai, April 21, 2015. REUTERS/Aly Song/File Photo

China vehicle sales in January fell by the largest margin since 2015 for several global automakers, with General Motors Co (GM.N) and Ford Motor Co (F.N) blaming the roll back of a tax cut on small-engined vehicles and the Lunar New Year holiday.

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South Korean court rules against Nissan in emissions case

South Korean court rules against Nissan in emissions case

Published 09/02/2017

FILE PHOTO - A Nissan Qashqai is seen at its dealership in Seoul, South Korea, May 16, 2016. REUTERS/Kim Hong-Ji/File Photo

A South Korean court ruled against Nissan Motor Co (7201.T) on Thursday in an emissions case, siding with the government in its accusations that the Japanese automaker had used a so-called defeat device in its Qashqai sport utility vehicle (SUV).

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BOJ`s Nakaso says economy still needs monetary support, warns of risks

BOJ`s Nakaso says economy still needs monetary support, warns of risks

Published 09/02/2017

Bank of Japan Deputy Governor Hiroshi Nakaso speaks during an interview with Reuters at the BOJ headquarters in Tokyo April 9, 2015. REUTERS/Yuya Shino

Bank of Japan Deputy Governor Hiroshi Nakaso said Japan's economy still needs massive monetary support given overseas uncertainties and stubbornly weak price growth, shrugging off market speculation it may raise its bond yield target this year.

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Takata to set aside $864 million as part of U.S. DOJ settlement

Takata to set aside $864 million as part of U.S. DOJ settlement

Published 09/02/2017

FILE PHOTO - A logo of Takata Corp is seen with its display as people are reflected in a window at a showroom for vehicles in Tokyo, November 6, 2015. REUTERS/Toru Hanai/File Photo

Japan's Takata Corp (7312.T) said on Thursday it will set aside 96.93 billion yen ($864.4 million) as part of a $1 billion settlement with the United States Justice Department over the world's largest ever auto recall.

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