Business

VW to offer buyer incentive for scrapping older German diesels

BERLIN (Reuters) – Volkswagen (VOWG_p.DE) on Thursday said it will offer trade-in incentives and a bonus for scrapping older diesel vehicles in Germany, in a move to stave off driving bans in polluted cities. FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/File Photo VW will offer an incentive for ...

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Blackstone concedes defeat to Canadians in battle for Australia’s Investa

SYDNEY (Reuters) – Private equity giant Blackstone Group (BX.N) has quit a takeover battle for Australian office-block owner Investa Office Fund (IOF.AX) after it was gazumped by Canadian landlord Oxford Properties Group’s A$3.35 billion ($2.4 billion) bid. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of ...

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Asia stocks falter as China knocked by renewed trade war fears

TOKYO (Reuters) – China’s benchmark stock index skidded to four-year lows and dragged Asian equities down on Thursday, as renewed fears of a broadening economic impact from an escalating Sino-U.S. trade conflict sapped confidence. FILE PHOTO: An investor sits in front of displays showing stock information at a brokerage office in Beijing, China October 11, 2018. REUTERS/Thomas Peter The dollar, ...

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Indonesia raids home of Lippo Group’s deputy chairman in bribery probe

JAKARTA (Reuters) – Indonesia’s anti-graft agency said on Thursday it had raided 10 locations, including the home of the deputy chairman of the Lippo Group (0226.HK), as part of a bribery investigation linked to the conglomerate’s $21 billion Meikarta real estate project. A worker speaks on a phone in the Meikarta real estate development in Cikarang, Bekasi, east of Jakarta, ...

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Hacked, scammed and on your own: navigating cryptocurrency ‘wild west’

NEW YORK (Reuters) – When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA. FILE PHOTO: Giant electronic billboards display adverts for crypto currency investment companies as commuters arrive at Canary Wharf tube ...

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Dividend windfall: Santander latest target in Germany’s giant fraud probe

FRANKFURT (Reuters) – Spain’s Santander (SAN.MC) is the latest bank to be caught up in Germany’s biggest post-war fraud investigation involving a share-trading scheme that the authorities say cost taxpayers billions of euros. Norbert Walter-Borjans, former finance minister of the federal state of North Rhine-Westphalia (NRW) holds a blank CD during a photo session with Reuters in a park in ...

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China’s Geely ‘corrects’ rumors about presidential family ties

BEIJING/SHANGHAI (Reuters) – Chinese carmaker Geely Automobile Holdings Ltd (0175.HK), long the subject of speculation about its political ties, has moved to dispel a widely held belief its chairman’s wife was related to Chinese President Xi Jinping. FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in Beijing, China April 25, 2016. REUTERS/Kim ...

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