VW agrees to buy back diesel vehicles, fund clean air efforts
WASHINGTON (Reuters) – German automaker Volkswagen AG will pay as much as $15.3 billion after admitting it cheated on U.S. diesel emissions tests for years, agreeing to buy back vehicles from consumers and provide funding that could benefit makers of …
EU regulators readying third Google antitrust charge: sources
BRUSSELS – Alphabet’s Google may face a third EU antitrust charge as soon as next month, this time focusing on its revenue mainstay AdWords ad placement service, three people familiar with the matter said on Tuesday.
Vehicles in Fiat Chrysler rollaway recall linked to 68 injuries
DETROIT (Reuters) – U.S. safety regulators said on Tuesday there were 68 reported injuries and 266 reported crashes in vehicles, including 2014-2015 Fiat Chrysler Jeep Grand Cherokee models with a type of gear-shifting control that has confused some …
Soros had Deutsche Bank ‘short’ bet at time of Brexit fallout
FRANKFURT (Reuters) – Billionaire investor George Soros took out a bet of more than 100 million euros ($111 million) that Deutsche Bank shares would fall at the time of Britain’s vote to quit the European Union, according to a regulatory filing.
Business leaders see pain, seek opportunity in British EU exit
LONDON (Reuters) – Britain is heading for an economic disaster and Chinese investors have already pulled investments in the wake of Britain’s vote to exit the European Union, Richard Branson, the boss of Virgin Group said.
Taiwanese chip supplier says Apple conservative on orders: Nikkei
(Reuters) – Taiwanese chip firm Advanced Semiconductor Engineering Inc said on Tuesday that its biggest customer, Apple Inc, was being more conservative in placing orders compared with last year, according to the Nikkei.
Top German regulator says no to London HQ for Deutsche Boerse-LSE
FRANKFURT (Reuters) – Germany’s financial market regulator delivered a double blow to London on Tuesday, saying it could not host the headquarters of a planned European stock exchange giant after Britain leaves the EU, and nor could it remain a center…
Lloyds CEO reassures staff on bank’s strategy, strength after Brexit vote
LONDON (Reuters) – Lloyds Banking Group Chief Executive Antonio Horta Osorio wrote to the bank’s 75,000-strong workforce on Tuesday to give reassurances on strategy and group strength in the face of Britain’s vote to leave the European Union, a memo s…
Liberty Global sees no Brexit fallout in Vodafone deal
WARSAW (Reuters) – U.S. Liberty Global , the world’s largest cable operator, does not expect Brexit to derail its Dutch joint-venture with British Vodafone , keeping an eye out for more takeovers in Europe, its chief executive said on Tuesday.
Global stocks, sterling fight back after Brexit beating
LONDON (Reuters) – World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers.
