VW proposes catalytic converter to fix U.S. test cheating cars – Bild am Sonntag
BERLIN (Reuters) – Volkswagen engineers have come up with a catalytic converter that could be fitted to around 430,000 cars in the United States as a fix for vehicles capable of cheating emissions tests, German daily Bild am Sonntag reported.
UK supermarket Asda sees volatile sales in 2016
LONDON (Reuters) – British supermarkets will face heavy pressure on sales this year, with stagnant demand from consumers and price competition from discount chains, the chief executive of Asda said.
Facing U.S. storm, VW set for easier ride in Europe on emissions scandal
BRUSSELS/LONDON (Reuters) – Volkswagen is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany’s determination to protect its car industry, EU sources and legal expert…
Banco do Brasil, Bradesco in Citigroup venture talks: source
SAO PAULO (Reuters) – Brazilian lenders Banco Bradesco and Banco do Brasil are in talks to buy Citigroup’s stake in a credit card processing joint venture with Elavon Inc, a source with knowledge of the negotiations said on Saturday.
Exclusive: With luxury Acura makeover, Honda aims for brand survival, China revival
BEIJING (Reuters) – As part of a broader makeover, and even the survival, of its stalled luxury Acura brand, Japan’s Honda Motor Co will launch a new small crossover sport utility vehicle this year in China to compete with BMW and Audi in the world’s b…
GM Europe operations still loss-making in 2015: CEO in magazine
BERLIN (Reuters) – The European division of General Motors was still loss-making in 2015, but hopes to return to profit this year, the division’s chief executive told a German magazine.
China forex regulator says will ramp up risk control efforts
SHANGHAI (Reuters) – China’s foreign exchange regulator said on Saturday it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the country’s foreign exchange market in 2016.
China market tsar in spotlight amid stock market turmoil
BEIJING (Reuters) – Xiao Gang, China’s stock market tsar, once remarked that the only thing he’d done right in life was marry his wife.
After dreadful week, stocks look for reason to bounce
NEW YORK (Reuters) – Investors who were bloodied in the year-opening stock rout will be hard pressed to find any salve next week.
China December inflation edges up as expected, producer prices still in deflation
BEIJING (Reuters) – China’s consumer inflation barely edged up in December while companies’ factory-gate prices continued to fall, adding to concerns about growing deflation risks in the world’s second-largest economy.
