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FRANKFURT/HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess was given a memorandum warning the carmaker might face legal action in the U.S. over the use of cheating software in cars just days before the scandal broke, a public broadcaster reported on Friday. Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual general
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NEW YORK/WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Thursday it will review a decision by its staff to block nine bitcoin-based exchange-traded funds from coming to market. Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration Staff at
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(Reuters) – The S&P 500 treaded water on Thursday as gains in technology stocks were offset by declines in commodity-related and trade-sensitive sectors after the U.S.-China trade war escalated with a fresh round of tariffs. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 22, 2018. REUTERS/Brendan
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LONDON (Reuters) – Stocks faltered and bonds rose on Wednesday as U.S. President Donald Trump’s political position was threatened by the criminal convictions of two former advisers, while the U.S. dollar steadied after five consecutive days of losses. FILE PHOTO: Traders work at Frankfurt’s stock exchange in Frankfurt, Germany, April 6, 2018. REUTERS/Ralph Orlowski S&P
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(Reuters) – The UK’s Financial Reporting Council has fined accountants KPMG three million pounds and reprimanded and fined senior partner Michael Francis Barradell for misconduct related to auditing of British fashion retailer Ted Baker’s (TED.L) accounts. FILE PHOTO: The KPMG logo is seen at their offices at Canary Wharf financial district in London, Britain, March
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FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said. Herbert Diess, Volkswagen’s new CEO, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3,
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BEIJING (Reuters) – Chinese automaker Geely has agreed to extend its existing partnership with Proton Holdings Berhad (DRBM.KL) to upgrade the Malaysia carmaker’s line-up of cars and power Proton go beyond Malaysia, part of an ongoing effort to help Proton establish a presence in China and other international markets. FILE PHOTO: The Geely Automobile Holdings
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WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer on Thursday expressed hope a breakthrough could be made in coming days on reworking the NAFTA trade deal, though his Mexican counterpart said flexibility was needed to reach agreement. FILE PHOTO: U.S. Trade Representative Robert Lighthizer testifies before Senate Appropriations Commerce, Justice, Science, and Related Agencies Subcommittee
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ISTANBUL (Reuters) – Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting that the country’s banks were healthy and strong. FILE PHOTO: A 100 Turkish lira banknote is seen on top of 50 Turkish lira banknotes in this picture illustration in Istanbul, Turkey August 14,
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ISTANBUL/WASHINGTON (Reuters) – The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira. The White House stance appeared to give Turkish authorities little
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