A U.S. appeals court ruled Monday Volkswagen AG may face "enormous" additional liability in the "Dieselgate" scandal finding that two counties can enforce regulations against the German automaker for tampering with post-sale vehicles.
NEW YORK: U.S. public companies sold more than US$60 billion in shares in May, the biggest monthly haul ever, as they capitalized on a stock market rally fueled by hopes that the COVID-19 pandemic is subsiding. The benchmark S&P 500 Index has risen around 40per cent off of recent...
U.S. President Donald Trump's effort to regulate social media companies' content decisions may face an uphill battle from regulators who have previously said they cannot oversee the conduct of internet firms.
The Mexican unit of Germany's Volkswagen AG said on Monday the automaker was ready to restart operations in the states of Puebla and Guanajuato on June 15 after activity was idled in late March due to the coronavirus pandemic.
Nestle said on Monday it would appeal a Dutch court's ruling that prohibits the Swiss food giant from selling its plant-based burgers in Europe under the "Incredible Burger" name after a challenge from U.S.-based Impossible Foods.
FORMER regional chief operating officer (COO) of Morgan Stanley Asia Private Wealth Management (PWM), Sim Hwee Hoon, has joined robo-adviser StashAway’s board of directors as an independent non-executive director.
A top Aston Martin shareholder cut its stake in the British carmaker by nearly 5per cent, a regulatory filing showed on Monday.
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.
FRANKFURT: Lufthansa's supervisory board has approved a 9 billion euro (US$10 billion) government bailout that will force the German airline to give some of its prized landing slots to rivals. The approval marks the latest step in the complex state rescue of Lufthansa, which has been badly hit by...
REUTERS: Chinese online grocery firm Dada Nexus Ltd said on Monday it aims to raise up to US$280.5 million in a U.S. initial public offering (IPO), attempting a listing on New York's Nasdaq at a time of deepening tensions between Washington and Beijing. The company set a price range...
