Volkswagen’s emissions problems cost the carmaker 3.6 billion euros in 2018: source
Volkswagen’s effort to get its fleet of cars certified according to the new WLTP emissions standard have cost the carmaker up to 3.6 billion euros ($4.04 billion) in 2018, a source familiar with the matter told Reuters.
Trump ‘confident’ about getting a trade deal with China
President Donald Trump on Friday said he is confident the United States can forge a trade deal with China, but added that he thinks his country would do very well with or without an agreement with the world’s second-largest economy.
BMW is biggest U.S. automotive exporter by value for fifth year
Germany’s automaker BMW AG said on Friday it was the biggest U.S. automotive exporter by value for the fifth consecutive year, with exports totaling over $8.4 billion in 2018.
Wall Street drops on paltry jobs growth, global slowdown worries
Wall Street’s main indexes fell on Friday, after data showed U.S. job growth almost stalled in February, adding to concerns of a slowdown in global growth sparked by weak China export data and a prolonged slowdown in the eurozone.
Swedbank under shareholder scrutiny over money-laundering report
Swedbank is facing pressure from some of its biggest shareholders to reveal more about what it knew about allegations of money-laundering linked to Danske Bank.
Factbox: European banks hit by Russian money laundering scandal
Several European banks are facing allegations of being involved in a Baltic money laundering scandal and failing to prevent tainted Russian money from flowing through their branches across the world.
Take Five: ‘Pervasive uncertainty’ – World markets themes for the week ahead
Following are five big themes likely to dominate the thinking of investors and traders in the coming week and the Reuters stories related to them.
Oil drops more than 3 percent as economic outlook weakens, U.S. supply surges
Oil prices dropped more than 3 percent on Friday on a worsening economic outlook after the European Central Bank warned of continued weakness and fresh data showed U.S. job growth almost stalled in February.
U.S. economy gains paltry 20,000 jobs in February
U.S. job growth almost stalled in February, with the economy creating only 20,000 jobs as construction and retail payrolls dropped, which could raise concerns about a sharp slowdown in economic activity.
Wall Street set to fall on weak jobs data, global growth worries
Wall Street was set to open sharply lower on Friday after data showed U.S. job growth almost stalled in February, adding to global growth worries sparked by weak China export data and weakness in eurozone.
