German prosecutors widen market manipulation probe to Volkswagen chairman
FRANKFURT German carmaker Volkswagen (VOWG_p.DE) said on Sunday that German prosecutors had widened an investigation into suspected market manipulation to include supervisory board Chairman Hans Dieter Poetsch.The investigation, which relates to Poetsch's time as finance chief of VW, is the latest fallout from the carmaker's admission last year that it cheated on diesel emissions tests.The prosecutor's office in Braunschweig first announced the probe in June, targeting former VW Chief Executiv..>> view originalEgypt's Further Economic Good Sense - Cutting Fuel Subsidies As Well As Floating The Pound
Latino voting surge rattles Trump campaign
Hispanic voters could be poised to deliver a historic rebuke to Donald Trump and the Republican Party. Early-vote statistics from battleground states with large Hispanic populations show record turnout among a bloc that has voted at a lower rate than whites or blacks in past elections. If, as some polls suggest, Hispanic voters are supporting Hillary Clinton by blowout margins, these numbers could sink Trump in a handful of states that are essential to his path to 270 electoral votes.Story Con..>> view originalChina launches $11 billion fund for Central, Eastern Europe
BEIJING China has set up a 10 billion euro ($11.15 billion) investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China (601398.SS) (1398.HK) said in a statement issued on Sunday.The China-Central Eastern Europe fund will be run by Sino-CEE Financial Holdings Ltd, a company established by the bank earlier this year.The company was formally launched by Premier Li Keqiang during his visit to Riga on Saturday. The fund is aiming to raise 50 billion e..>> view originalNo matter who wins the US presidential election, Social Security loses
During the next US president’s term, Social Security will reach an important milestone. In 2019, it will start paying out more in benefits than it takes in taxes and interest income. That does not mean benefits will need to be cut, at least right away. Social Security has a stock of US Treasury bonds that’s expected to pay benefits for another 15 years. But in 2034 something has to happen—either benefits are cut, taxes increased, the government takes on more debt, or spending on other programs ..>> view originalHow LinkedIn Drove a Wedge Between Microsoft and Salesforce
At first, Microsoft and Salesforce put past grievances behind them — the two had squabbled over patents, employee poaching and more — and agreed to make their products work better with each other. Their relationship warmed up when they began to talk about a merger, but then quickly got frosty when they couldn’t agree on a price. There are big personalities behind the battle. At Microsoft, the job of adjusting course has fallen to Satya Nadella, a poetry-quoting chief executive who is trying to ..>> view original
Sunday, November 13, 2016
German prosecutors widen market manipulation probe to Volkswagen chairman and other top stories.
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