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Monday, July 13, 2020

VW takes new $3 billion hit over diesel emissions scandal

BERLIN (Reuters) - Volkswagen (VOWG_p.DE) added provisions of around 2.5 billion euros ($3 billion) on Friday to the mounting total from its diesel emissions scandal, which has already cost the company around 20 billion euros. “The reason is an increase in provisions relating to the...

U.K. Subjects Murdoch’s Fox to Wider Probe Over Sky Takeover Bid

U.K. to refer $15.5 billion Sky bid to competition regulator CMA review pushes deal’s potential completion well into 2018 Facing fresh scrutiny of 21st Century Fox Inc.’s bid for Sky Plc., James Murdoch defended his handling of scandal-hit...

Sky says it could shut Sky News if Fox takeover blocked

Ben Martin LONDON (Reuters) - British broadcaster Sky SKYB.L. has said that it could shut down Sky News if its ownership of the channel proves to be an obstruction to the company’s 11.7 billion-pound ($15.4 billion) takeover by Rupert Murdoch’s Twenty-First Century Fox (FOXA.O). Fox’s 10.75...

China May Unveil Car Emissions Rules This Week, Association Says

Draft rules require companies to get minimum credit score China plans to end sales of vehicles powered by fossil fuels China will soon unveil a mandatory cap-and-trade credit program for electric cars, starting the countdown for carmakers to...

Rupert Murdoch’s Fox in- talks to sell most of company to Disney: CNBC

(Reuters) - Rupert Murdoch’s Twenty-First Century Fox film and television conglomerate has held talks to sell most of the company to media giant Walt Disney Co, CNBC reported on Monday, citing unidentified people familiar with the matter. Fox’s shares jumped 7.1 percent to $26.76 in...

Green Bond Giant Awakened by Nigeria, Others Spending to Save Climate

Sovereign debt pool of $44.5 trillion starts going green Securities are designed to mitigate, cope with climate change Nigeria, other Governments spending to avert climate change have stirred a green bond giant inside the global sovereign debt pool worth trillions of dollars. Nigeria is expected...

Saudi’s Kingdom Holding buys $62 mln stake in ride-hailing firm Careem

Carmaker Daimler and Saudi Arabia's Kingdom Holding, a firm owned by billionaire Prince Alwaleed bin Talal, have taken part in an $150 million investment in Dubai-based ride-hailing firm Careem. Venture capital firm DCM Ventures and hedge fund Coatue Management also took park in the Uber-rival's fundraising,...

Brazil inflation hits new 18-year low, below all forecasts

Bruno Federowski SAO PAULO (Reuters) - Brazilian inflation hit a fresh 18-year low in August due to an abundant harvest, undershooting all estimates and giving plenty of room for the central bank to keep cutting interest rates. The IPCA consumer price index rose 2.46 percent in...

Citigroup recruits father of euro bonds

Architect of the world's first euro-denominated bond becomes chairman of the Wall Street bank's London-headquartered broker-dealer By Vivek Ahuja Citigroup has recruited a 40-year capital markets veteran, and architect of the world’s first euro-denominated bond, as chairman of its European broker-dealer subsidiary. Companies House filings and...

Canada rejoins NAFTA talks as U.S. autos tariff details emerge

Julie Gordon, Sharay Angulo WASHINGTON (Reuters) - Canada’s top trade negotiator praised Mexico’s trade concessions on autos and labor rights on Tuesday as she rejoined NAFTA talks, while U.S. lawmakers warned that a bilateral U.S.-Mexico trade deal would struggle to win approval in Congress. Automotive executives...
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