wayne-cole
Volkswagen faces reforms, oversight for three years under U.S. settlement
January 12, 2017 by creative · Leave a Comment
Volkswagen AG, as part of a $4.3 billion settlement with U.S. regulators, on Wednesday agreed to sweeping reforms, new audits and oversight by an independent monitor for three years to resolve diesel emissions cheating investigations. Under the settlement of charges it installed secret software in U.S. vehicles to allow them to emit up to 40 times legally allowable pollution, the German automaker agreed to change the way it operates in the United States and other countries. VW will separate the jobs of product development and certification …
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Volkswagen faces reforms, oversight for three years under U.S. settlement
wayne-cole
Dollar on defensive as Trump disappoints bulls
January 12, 2017 by creative · Leave a Comment
By Wayne Cole SYDNEY (Reuters) – The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's widely-awaited news briefing provided little clarity on future fiscal policies, disappointing bulls wagering on major stimulus. It was enough to
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Dollar on defensive as Trump disappoints bulls
wayne-cole
Asia shares rebound in sharp turnaround from Trump shock
November 10, 2016 by elegant · Leave a Comment
By Wayne Cole and Shinichi Saoshiro SYDNEY/TOKYO (Reuters) – Asian shares rebounded on Thursday and the dollar firmed in a remarkable snapback from the shock of Republican Donald Trump's presidential victory, though the speed of the reversal left some market watchers scratching their heads. MSCI's broadest index of Asia-Pacific shares outside Japan bounced 1.7 percent after dropping 2.4 percent on Wednesday as global markets plunged as Trump swept to power. “Markets…
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Asia shares rebound in sharp turnaround from Trump shock