Stuttgart prosecutor puts Bosch under suspicion in Daimler emissions probe
FRANKFURT (Reuters) – German prosecutors investigating whether carmaker Daimler manipulated emission tests on its diesel cars are looking at whether auto components supplier Bosch [ROBG.UL] was involved in the alleged fraud, it was confirmed on Friday…
Linde board to vote on Praxair merger on June 1: sources
MUNICH (Reuters) – German industrial gases group Linde’s supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday.
Safe Sex: Chinese buy condom business as savvy youth spur demand
SHANGHAI (Reuters) – April Zhang, a 21-year-old student from Shanghai, reflects the fast-shifting attitudes of China’s younger generations toward sex. She’s confident to talk about a topic once taboo here and is well educated about the risks.
Exclusive: Fidelity may back climate resolutions, a milestone for activists
BOSTON (Reuters) – Fidelity Investments may support shareholder proxy proposals calling on companies to report on sustainability matters this year, a major shift by the Boston asset manager as climate activists gain more traction at large U.S. corporat…
Irritation with Moody’s reflects China’s sensitivity as it seeks foreign investors
BEIJING/HONG KONG (Reuters) – China has tried to brush aside a rare cut to its credit rating by Moody’s Investors Service as misinformed, but its reaction
OPEC oil cut extension renews Asia’s crude supply worries
SINGAPORE (Reuters) – The OPEC-led decision to extend a production cut to March 2018 disappointed financial investors, prompting an exit from oil futures markets, while refiners in Asia were mostly concerned with whether it meant they would need to go …
Japan’s big insurers expand their appetites for U.S. Treasuries
TOKYO (Reuters) – Big Japanese life insurers, who are major bond investors globally, are primarily focusing on U.S. bonds while staying cautious on European bonds, earning reports and comments from industry executives show.
China’s reforms not enough to arrest mounting debt: Moody’s
BEIJING (Reuters) – China’s structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials…
California says VW clean car spending plan has shortcomings
SAN FRANCISCO (Reuters) – California regulators said Volkswagen AG’s spending plan on clean vehicle infrastructure had shortcomings and that it lacked details on how it would help disadvantaged communities as well as promote hydrogen fuel cell technol…
U.S. court fines UPS $247 million over illegal cigarette shipments
(Reuters) – A federal judge ordered United Parcel Service Inc to pay nearly $247 million in damages and penalties for “illegally shipping” large volumes of untaxed cigarettes in New York state and City, a court filing showed on Thursday.
