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8 hours 3 minutes ago

Canadian prosecutors seek to fine Volkswagen C$196.5 million for diesel emissions

Prosecutors in Canada on Wednesday proposed a $196.5 million (CAD) ($149.5 million) fine against Volkswagen AG after the company pleaded guilty to dozens of counts of diesel emissions violations, a company spokesman confirmed on Wednesday.

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8 hours 18 minutes ago

After China trade deal, Europe and U.K. next on Trump's to-do list

U.S. President Donald Trump vowed to rip up international trade deals and rebalance America's global trade relationships.

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8 hours 21 minutes ago

Angola's dos Santos named suspect over alleged fraud, selling Eurobic stake

Angola's billionaire former first daughter, Isabel dos Santos, has decided to sell her stake in Portuguese bank Eurobic, the small lender said on Wednesday.

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8 hours 23 minutes ago

Canadian prosecutors propose $196.5 million fine against Volkswagen for diesel violations

Prosecutors in Canada on Wednesday proposed a $196.5 million (CAD) ($258.3 million) fine against Volkswagen AG after the company pleaded guilty to dozens of counts of diesel emissions violations, a company spokesman confirmed.

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8 hours 42 minutes ago

Boeing CEO says taking fresh look at potential mid-market aircraft

Boeing Co is taking a fresh look at a potential new mid-market aircraft, Chief Executive Dave Calhoun said on Wednesday, putting the brakes on a project that became overshadowed by the fallout of the 737 MAX.

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9 hours 3 minutes ago

Lebanon's new government may have little reserves left to stabilize economy

Lebanon's new government faces huge upcoming debt repayments and a currency peg at breaking point, but it may already have run out of the hard cash firepower it needs to tackle these problems.

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9 hours 8 minutes ago

Stocks edge up as China virus worries abate; oil drops

World stock markets bounced back on Wednesday, even as deaths from China's new virus rose to 17, while oil prices tumbled as a market surplus forecast alleviated supply concerns.

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9 hours 11 minutes ago

Oil slides 2% as glut forecast, China virus overshadow Libya disruption

Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak of a virus in China outweighed concern over disruptions to Libya's crude output.

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9 hours 13 minutes ago

S&P 500, Nasdaq on track for record closing highs

Wall Street rebounded on Wednesday as a healthy forecast from IBM enticed buyers back to the equity market while investors kept a wary eye on the developing coronavirus outbreak.

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9 hours 18 minutes ago

Canada prosecutors say fraud at heart of Huawei CFO Meng's U.S. extradition case

Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver courtroom on Wednesday where Canadian prosecutors defended a U.S. extradition request, saying Meng's alleged bank fraud is the heart of the case that has strained relations between Ottawa and Beijing.

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