German economic growth will nearly halve in 2017 as Brexit and other risks hit exporters, the DIW institute said on Thursday, although it predicted a pick up to 1.9 percent this year due to strong domestic demand.
Volkswagen has agreed the terms of a 20 billion euro ($21 billion) bridging loan with banks to help shoulder the costs of its emissions scandal, three people familiar with the matter told Reuters on Wednesday.
A 15-year high for tech stocks on the Nasdaq helped world shares to a 2-1/2 month peak on Tuesday, though more engine trouble for Volkswagen and a $5.1 billion cash call by Standard Chartered left Europe feeling flat.
Volkswagen used devices to cheat air pollution tests in diesel luxury vehicles in model years 2014 through 2016, U.S. and California environmental regulators said on Monday, widening their investigation into the carmaker's emissions scandal.
Stocks fell sharply on Friday, reversing earlier gains, on the back of a very disappointing U.S. jobs report; Earlier on Friday, gold was down for the sixth consecutive trading day and looked like it would be heading further lower.
The big three U.S. automakers - General Motors Co, Ford Motor Co and the U.S. operations of Fiat Chrysler Automobiles NV - reported a jump in September sales on Thursday as cheap gasoline and ultra-low interest rates drove demand for sport utility vehicles and pickup trucks.
Volkswagen has admitted to cheating diesel emissions tests in the United States, sending shares in Europe's largest carmaker down more than a third in value and sparking the biggest business crisis in its 78-year history. Following are some of the costs the company could have to pay, excluding any potential drop in car sales or prices.