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Volkswagen customer plans to take diesel (gasoil) case to Germany's highest court

2 hours ago DieselGasoil Comments Off on Volkswagen customer plans to take diesel (gasoil) case to Germany's highest court
BERLIN (Reuters) – A German court on Tuesday ruled in favor of Volkswagen in a case brought by a customer seeking compensation for having bought a diesel (gasoil) car affected by emissions cheating, but the plaintiff’s lawyer plans to appeal. FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel Read More

US sanctions help India become No.1 buyer of Venezuelan crude

3 hours ago DieselGasoil Comments Off on US sanctions help India become No.1 buyer of Venezuelan crude
Imports of Venezuela’s oil by India surged 66 percent in the first half of February to 620,000 barrels a day. The country boosted its purchases from the Latin American nation after US stopped shipments from Caracas. Indian refiners Reliance Industries and Nayara Energy were driving the import boost. Venezuela has sent its oil minister, Manuel Read More

British supermarkets battle to secure stocks as chaotic Brexit looms

3 hours ago DieselGasoil Comments Off on British supermarkets battle to secure stocks as chaotic Brexit looms
LONDON (Reuters) – Britons could face shortages of fresh food, price rises and less variety if the country leaves the European Union next month without agreeing on trade terms, food industry officials say. FILE PHOTO: Picked apples are seen at Stocks Farm in Suckley, Britain, October 10, 2016. REUTERS/Eddie Keogh/File Photo With no deal in Read More

Volkswagen wins appeal against diesel (gasoil) car owner: German court

3 hours ago DieselGasoil Comments Off on Volkswagen wins appeal against diesel (gasoil) car owner: German court
FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker/File Photo BERLIN (Reuters) – A German court on Tuesday ruled in favor of Germany’s biggest carmaker Volkswagen in a case brought by a customer seeking compensation for having Read More

Germany's Bafin bans Wirecard 'short' positions over volatility

1 day ago DieselGasoil Comments Off on Germany's Bafin bans Wirecard 'short' positions over volatility
FRANKFURT (Reuters) – Germany’s financial watchdog has banned “short” selling of Wirecard shares after reports in the Financial Times sparked recent volatility in the payments firm’s stock. FILE PHOTO: People walk past the Wirecard booth at the computer games fair Gamescom in Cologne, Germany, August 22, 2018. REUTERS/Wolfgang Rattay Bafin said the ban was its Read More

Citi in talks to buy Canary Wharf office building: source

1 day ago DieselGasoil Comments Off on Citi in talks to buy Canary Wharf office building: source
FILE PHOTO: Office blocks of Citi, Barclays, and HSBC banks are seen at dusk in the Canary Wharf financial district in London, Britain November 16, 2017. REUTERS/Toby Melville LONDON (Reuters) – Citigroup is in talks to buy the tower housing its European headquarters in London’s Canary Wharf district, which is on the market with a Read More

Private equity firms win over Scout24 with improved $6.4 billion bid

2 days ago DieselGasoil Comments Off on Private equity firms win over Scout24 with improved $6.4 billion bid
FRANKFURT (Reuters) – Hellman & Friedman and Blackstone have won over Scout24 after raising their offer for the online classifieds group to 5.7 billion euros ($6.4 billion) including debt, setting up the biggest takeover of a listed German company by private equity. The investors said in a statement on Friday that Scout24’s management and supervisory Read More

India to continue buying Venezuelan oil despite US warning

2 days ago DieselGasoil Comments Off on India to continue buying Venezuelan oil despite US warning
India will look into commercial considerations and related factors to determine the value of oil imports from any country, an Indian official said, after a top US official warned countries against buying oil from Venezuela. Earlier this week, U.S. National Security Advisor John Bolton warned countries and companies against buying crude oil from Venezuela, after Read More

Talks on Patriot missiles get rocky, no step back from deal with Russia – Erdogan

3 days ago DieselGasoil Comments Off on Talks on Patriot missiles get rocky, no step back from deal with Russia – Erdogan
Talks on buying US-made Patriot missile systems aren’t going smoothly, as Americans are giving the cold shoulder to Turkish requests, President Recep Tayyip Erdogan said after his trip to Russia. US officials “can’t say anything about the issues of joint production and loans” which, along with early delivery, Turkey considers “important” conditions for the Read More

Germans go gaga for Russian food discounter Mere amid nostalgia for ‘Iron Curtain’ era

3 days ago DieselGasoil Comments Off on Germans go gaga for Russian food discounter Mere amid nostalgia for ‘Iron Curtain’ era
A Russian grocery retailer was nearly forced to close during its grand opening week in Germany when a huge crowd of Leipzig locals arrived and gobbled up almost the entire inventory. The promising slogan ‘Only Lowest Prices Everyday’ evoked an enormous demand during the first days after the opening that toppled the most optimistic forecasts. Read More