Volkswagen pleads guilty in U.S. court in diesel emissions scandal
DETROIT/WASHINGTON (Reuters) – Volkswagen AG pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the U.S. Justice Department in January over the automaker’s diesel emiss…
EU capitalizing on free-trade interest amid gloom over Trump policies
MANILA (Reuters) – The European Union is seeing increased impetus around the world to move forward with Free Trade Agreements (FTA) with the bloc, which will make the most of uncertainty over the outlook for U.S. trade policy, the EU’s trade envoy said…
Wall Street ends up; jobs data points to economic strength
NEW YORK (Reuters) – U.S. stocks rose on Friday after a solid jobs report pointed to strength in the domestic economy and supported expectations the Federal Reserve will raise interest rates next week.
Southwest Airlines cuts outlook for key revenue measure
(Reuters) – Southwest Airlines Co cut its forecast for a key revenue measure on Friday, citing “unexpected softness” in demand for last-minute flight bookings in the second half of February.
Exclusive: Japan to vet bidders in Toshiba chip sale for national security risks – sources
TOKYO (Reuters) – The Japanese government, fretting over the future of Toshiba Corp’s flagship memory chips unit, is prepared to block a sale to bidders it deems a risk to national security, sources said, a stance that gives U.S. suitors a major advant…
Volkswagen, Tata Motors plan to cooperate in India
NEW DELHI/FRANKFURT (Reuters) – German carmaker Volkswagen said on Friday it had signed a memorandum of understanding to explore a partnership with India’s Tata Motors to jointly develop auto components and vehicles for the Indian subcontinent and be…
China’s HNA Group would like to hike Deutsche Bank stake: sources
HONG KONG (Reuters) – Chinese conglomerate HNA Group would like to increase its stake of 3 percent in Germany’s Deutsche Bank , two sources with knowledge of the matter told Reuters.
China defends its Trump trademark approvals as in line with law
BEIJING (Reuters) – U.S. President Donald Trump was granted initial approval on dozens of new trademarks in China because they met legal standards, a senior Chinese commercial official said on Friday.
Tesla’s Musk offers to fix South Australia’s power crisis in 100 days
MELBOURNE (Reuters) – Tesla Inc boss Elon Musk on Friday offered to save Australia’s most renewable-energy dependent state from blackouts by installing $25 million worth of battery storage within 100 days, and offering it for free if he missed the targ…
Japan bats away U.S. complaint on autos
TOKYO (Reuters) – Japan rejected U.S. demands for more access to Japan’s car market on Friday, casting doubt over whether it can avoid friction over autos and agriculture imports at high level bilateral talks on economic relations next month.
