EU starts legal action against Italy over Fiat Chrysler emissions
BRUSSELS/ROME (Reuters) – The European Commission launched legal action against Italy on Wednesday for failing to respond to allegations of emission-test cheating by Fiat Chrysler , in a procedure that could lead to the country being taken to court.
Target optimistic on full-year forecast after profit beat
(Reuters) – Target Corp reported higher-than-expected quarterly profit and sales and set an optimistic tone for the year, saying its full-year profit could come in at the higher end of its forecast.
Exclusive: Chinese company confirms huge UK fertilizer deal
LONDON/SHANGHAI (Reuters) – A small Chinese company that is key to plans by Sirius Minerals to build a huge fertilizer mine under a national park in the north of England has confirmed it has a binding agreement with the UK firm.
German prosecutors formally probe Porsche SE execs
BERLIN (Reuters) – German prosecutors are formally investigating Porsche SE executives Matthias Mueller and Hans Dieter Poetsch to determine whether they manipulated markets by delaying the disclosure of information pertaining to Volkswagen’s (VW) emi…
Fiat shares fall as EU expected to start legal action over emission tests
MILAN (Reuters) – Shares in Fiat Chrysler fell 2.4 percent in early trade on Wednesday, a day after Reuters reported that the European Union will start legal action against Italy for not policing allegations of emission-test cheating by the car maker….
Trade pact dumped by Trump could be revived at Asia-Pacific meeting
HANOI (Reuters) – Japan and other remaining members of the Trans Pacific Partnership will this weekend decide how to revive the trade agreement ditched by U.S. President Donald Trump.
Chinese state media says U.S. should take some blame for cyber attack
BEIJING (Reuters) – Chinese state media on Wednesday criticized the United States for hindering efforts to stop global cyber threats in the wake of the WannaCry “ransomware” attack that has infected more than 300,000 computers worldwide in recent days….
VW’s JV in China to recall nearly 600,000 vehicles over fuse fault
BEIJING (Reuters) – Volkswagen AG ‘s joint venture in China, FAW-Volkswagen Automobile Co Ltd, will recall 577,590 Golf and Sagitar cars because of a headlight fuse defect that may lead to safety risks, the quality watchdog said on Wednesday.
Concerns over Trump dent global stocks, dollar
LONDON (Reuters) – Concern that U.S. President Donald Trump’s reform agenda could be slowed down, and that Trump himself could even face the threat of impeachment, added to disappointing U.S. economic data on Wednesday to hit the dollar and spur a pull…
NYSE wins regulatory approval for ‘speed bump’ exchange
NEW YORK (Reuters) – The operator of the New York Stock Exchange was given permission by regulators on Tuesday to implement a so-called speed bump on one of its exchanges, allowing it to go head-to-head with upstart rival the Investors’ Exchange.
