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Markets

Volkswagen diesel settlement talks with German consumer groups fail

Volkswagen said talks with consumer groups who were seeking compensation over excessive pollution, caused by VW's diesel cars, had failed.

Markets

‘Terrible’ WeWork bet caused us headaches: T. Rowe Price

Asset management firm T. Rowe Price Group Inc has called its investment in WeWork a "debacle" that caused the firm "outsized headaches and disappointments" and left it holding shares worth just a fraction of their original value.

Markets

Banks’ relief measures for Covid-19 “in line” with corporate debt restructuring guidelines: MAS

THE Monetary Authority of Singapore on Friday said the relief support announced by banks thus far to support customers affected by the ongoing 2019 novel coronavirus (Covid-19) outbreak, are in line with guidelines on corporate debt restructuring by the Association of Banks in Singapore.

Markets

VW to shut coal-fired power stations at main factory to cut CO2

Volkswagen is shutting down two coal-fired power stations at its main plant in Wolfsburg, Germany and has declined offers to sell them to cut down the company's carbon dioxide emissions, Chief Executive Herbert Diess said on Friday.

Markets

China urges US to stop suppressing Chinese companies after Huawei indictment

China's foreign ministry said on Friday it urges the United States to immediately stop suppressing Chinese companies without reason, after U.S. prosecutors unveiled a new indictment against Huawei Technologies.

Markets

Lufthansa Group extends China flight cancellations to Mar 28 over coronavirus outbreak

Germany's Lufthansa on Friday said it would suspend all flights to mainland China until March 28 due to the new coronavirus, which is spreading in China and around the world.

Markets

Mitsubishi Motors delays factory restart in China on coronavirus

Mitsubishi Motors Corp is postponing the restart of its factory with Guangzhou Automobile Group in Hunan province until 27 due to the coronavirus outbreak, the Japanese automaker said on Friday.

Markets

ByteDance to name exclusive head for gaming, signalling ambitions for business: Sources

China's ByteDance, the owner of video-sharing app TikTok, will appoint an executive to exclusively lead its nascent gaming business, sources said, signalling its growth ambitions in the sector and an intensifying rivalry with tech giant Tencent.

Markets

Euro zone GDP slows as expected in fourth-quarter, but employment beats consensus

Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed on Friday.

Markets

India court stalls Amazon, Flipkart antitrust probes: lawyers

An Indian antitrust investigation of Amazon.com Inc and Walmart's Flipkart has been put on hold by a court, three lawyers involved in the proceedings told Reuters on Friday.

Markets

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