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World Business
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Wasn't clued in, ex-VW exec says

posted: 01/20/2017 1:59 a.m. Discuss

BERLIN -- Former Volkswagen Chief Executive Officer Martin Winterkorn denied having had early knowledge of the company's cheating on diesel emissions as he testified Thursday at a German parliamentary inquiry, his first major public appearance since he resigned.

German bank to pay $7.2B, admits misleading investors

posted: 01/18/2017 2:08 a.m. Discuss

Deutsche Bank AG has reached a final settlement with the U.S. Justice Department over its handling of mortgage-backed securities before 2008, resolving one of its biggest litigation risks.

Business news in brief

posted: 01/18/2017 2:06 a.m. Discuss

Saudis ready to bid solar, wind project

British tobacco firm to take over Reynolds

posted: 01/18/2017 1 a.m. Discuss

British American Tobacco Plc has agreed to fully take over Reynolds American Inc. in a deal to create the world's largest publicly traded tobacco company.

To give site new life, bids rolling in

posted: 01/16/2017 2 a.m. Discuss

Chinese and Germans are among dozens of investors taking Ukraine up on its offer to turn the grounds of one of the world's worst nuclear disasters into a solar park.

China adds cinemas, but seats go unfilled away from big cities

updated: 01/16/2017 1:57 a.m. Discuss

ZHUOLU TOWN, China -- The brightly decorated 3-D cinema in this town outside Beijing is showing the latest Chinese and Hollywood films to row after row of empty red seats. So few people come to watch films here that the theater manager rents out the halls to traveling sales companies or music teachers.

Coal keeps Chinese winter at bay

posted: 01/15/2017 1:55 a.m. Discuss

An overloaded coal truck rumbles down from the steel factory and hits a bump, sending chunks of its black cargo skittering and click-clicking along the asphalt. Waiting by the roadside, a farmer swaddled in thick, cotton-padded winter clothing scrambles into onrushing traffic to pick up the pieces.

N. Koreans jump at call for output

posted: 01/15/2017 1:53 a.m. Discuss

North Korean officials and factory managers are scrambling to answer a call from leader Kim Jong Un for an all-out, nationwide effort to build up the country's economy in 2017.

Bird flu-hit S. Korea agrees to import U.S. eggs

posted: 01/15/2017 1:49 a.m. Discuss

In the throes of a bird flu outbreak, South Korea has asked the United States to ship fresh eggs, marking the first time the Asian country has sought to buy large quantities from the United States.

Britain's EU exports to face mix of tariffs, regulations post-exit

posted: 01/14/2017 1:57 a.m. Discuss

LONDON -- Is it cod or haddock?

Renault's market value dives after emissions probe begins

posted: 01/14/2017 1:56 a.m. Discuss

Renault SA became the latest victim of the fallout of Volkswagen AG's diesel scandal after Paris prosecutors opened a preliminary investigation into the French company's vehicle emissions, wiping as much as $1.6 billion from its market value.

VW execs can stay safe at home

posted: 01/13/2017 1:45 a.m. Discuss

Five German Volkswagen AG executives facing U.S. charges linked to the diesel-emissions scandal may be able to avoid arrest, but they may never be able to travel outside Germany again.

Compliance 'high' with oil-output cuts, OPEC chief reports

posted: 01/13/2017 1:44 a.m. Discuss

ABU DHABI, United Arab Emirates -- The head of OPEC said Thursday that he remains "confident" that the cartel and outside members will stick to an agreement to cut production to help raise oil prices.

Gas prices drive Mexicans north

posted: 01/12/2017 2:17 a.m. Discuss

Mexico's fuel market liberalization has done something rarely seen before: make California's pump prices look cheap.

Business news in brief

updated: 01/12/2017 2:14 a.m. Discuss

USA Truck exec resigned, filing shows

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