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Daimler hires Deloitte for internal emissions probe

April 30, 2016 by · Leave a Comment 

Daimler has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested by the U.S. Department of Justice, the luxury car maker said. The investigation is to see if Daimler used devices to manipulate

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Daimler hires Deloitte for internal emissions probe

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German finmin criticizes Volkswagen management over bonuses: paper

April 30, 2016 by · Leave a Comment 

Germany's finance minister Wolfgang Schaeuble has criticized the executive board of scandal-ridden carmaker Volkswagen for not waiving bonuses despite bringing the company to the brink of collapse. “I have no sympathy for managers who first drive a large blue chip-listed company into an existence-threatening crisis and then defend their own bonuses in a public debate,” Schaeuble told German weekly Frankfurter Allgemeine Sonntagszeitung. “That shows that something is not working….

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German finmin criticizes Volkswagen management over bonuses: paper

spring-meeting

IMF supports move to negative rates by some central banks

April 11, 2016 by · Leave a Comment 

The International Monetary Fund said on Sunday that a move to negative rates by some of the world's central banks would help deliver extra monetary stimulus and ease lending conditions. Six of the world's central banks have introduced negative rates, most notably the Bank of Japan and the European Central Bank, and around a quarter of the world economy by output is now experiencing official rates that are less than zero.

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IMF supports move to negative rates by some central banks

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Greece demands IMF explanation over leaked debt transcript

April 3, 2016 by · Leave a Comment 

By Lefteris Papadimas ATHENS (Reuters) – Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript suggested the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief. EU/IMF lenders will resume talks in Athens on Greece's…

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Greece demands IMF explanation over leaked debt transcript