SYDNEY (Reuters) - The number of vehicles sold in Australia fitted with devices designed to mask the level of emissions has risen to more than 90,000 from 77,000, to include the Audi brand, widening a global scandal that engulfed German automaker Volkswagen.DE) said it had set up a website for customers to see if their vehicles, including almost 55,000 Volkswagen branded passenger cars, 5,000 Skodas and more than 17,000 Volkswagen commercial vehicles, had the affected EA 189 diesel engines.
KUALA LUMPUR/SINGAPORE (Reuters) - AirAsia founder Tony Fernandes may find it tough to take the budget airline private due to large funding needs as potential partners worry about a floundering Malaysian economy and a weak regional aviation market.“We think it is a challenge to secure financing,” Maybank analyst Mohshin Aziz said in a report.
In addition to operational progress, several bankers said Vodafone should also move ahead with floating its Indian mobile business, its biggest emerging market holding, so as to show the value within the company.Bankers believe a Vodafone and Liberty deal holds the promise of some 20 billion euros in cost savings - largely reaped from Britain and Germany - which could draw the pair back to the table in about 12 to 18 months time.
25 ringgit - exactly the price at which its shares were sold to institutional investors in an initial public offering more than a decade ago - AirAsia is valued at 3.48 billion Malaysian ringgit ($796 million).
NEW YORK (Reuters) - Norwegian Air Shuttle ASA (NWC.OL) hopes to sell one-way tickets to Europe for $69 as early as 2017 by flying from U.
ATLANTA (Reuters) - Six Pacific trading partners are resisting a U.Peru, Chile, Malaysia, New Zealand, Australia and Brunei are so far sticking to five-year protection periods for biologic drugs, two sources briefed on the negotiations said.
NEW YORK (Reuters) - Crude oil prices settled up more than 2 percent on Monday, bolstered by a rally in U.gasoline and Russia’s willingness to meet other major oil producers to discuss the market.
DE) South African unit said on Monday all its vehicles in Africa’s most advanced economy are compliant with environmental laws, following the emissions testing scandal, which has rocked the global car industry.The South African business said its vehicles comply with the published CO2 values and were technically safe and roadworthy.
DE) supervisory board will hold an extraordinary meeting on Wednesday at which finance chief Hans Dieter Poetsch is expected to be appointed as new head of the 20-member controlling panel, two sources said on Sunday.As well as appointing Poetsch, the board meeting on Wednesday will discuss the latest findings of VW’s internal investigation which has already led to more than 10 suspensions of senior managers, a source close to the board said.
The Institute for Supply Management said its services index fell to 56.The reading fell shy of economists’ forecasts for 57.
ATLANTA (Reuters) - A U.vehicles, a source close to the negotiations said on Friday.
automaker Fiat Chrysler Automobiles NV, UAW members said Friday.have threatened a walkout over local contract disputes for Sunday at noon local time.
BERLIN (Reuters) - Volkswagen said on Thursday it would take longer than expected to investigate its rigging of vehicle emissions tests, raising the prospect of months of uncertainty for customers, shareholders and staff.5 billion euros ($7.
They haven’t had their water use surveyed by state agencies in more than a decade, despite the severe drought.Today, Foster Farms says its plants’ salmonella rates are the poultry industry’s lowest.
ATLANTA (Reuters) - Trade ministers from a dozen Pacific nations meeting in Atlanta extended talks on a sweeping trade deal into a third day in a move officials said would either produce a breakthrough or send them home with the future of the agreement in doubt.Several officials said a final deal could come quickly if key issues are cleared in remaining talks Thursday.
-based AGCO (AGCO.” The average farm in China was smaller than a football field in 2012, but still nearly 900,000 “family farms” had an average size of 13.
BERLIN (Reuters) - Martin Winterkorn, the former boss of Volkswagen who quit last week saying he wanted to give the German carmaker a “fresh start” to tackle a scandal over rigged vehicle emissions tests, remains in four key positions involved with the group.“It’s a real surprise that Winterkorn is still there,” said Ferdinand Dudenhoeffer, head of the Center of Automotive Research at the University of Duisburg-Essen.
5 percent local origin threshold for auto parts separate from the rule covering vehicles, the people briefed on the talks said.It was not clear whether those two proposals were being taken up together or how any trade deal would calculate local content.
factories slowed in September, a sign that the chill falling over the global economy could complicate the Federal Reserve’s plans to raise interest rates.This is causing headaches at the Fed, which cited concerns last month about “global economic and financial developments” when it surprised much of Wall Street by holding off on hiking rates.
Securities and Exchange Commission (SEC) is expanding an effort that allows its staff to search massive amounts of data for signs of insider trading and other securities violations, a person familiar with the matter said.The SEC is awarding a five-year, $90 million contract to privately held Palantir Technologies to provide software for the detection program, the person said.