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Goldman CEO 'personally outraged' by Malaysia's 1MDB corruption scandal

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(Reuters) – Goldman Sachs Group Inc (GS.N) Chief Executive Officer David Solomon has told employees he is “personally outraged” that any of the bank’s officials would take the actions laid out in U.S. government charges of fraud involving Malaysia’s state controlled investment bank, 1MDB. FILE PHOTO: David Solomon, CEO of Goldman Sachs, at the Bloomberg Read More

Malaysia PM says U.S. DOJ will help return money Goldman Sachs charged for 1MDB dealings

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Malaysia’s Prime Minister Mahathir Mohamad speaks after he was conferred an honorary Doctor of Laws degree at the National University of Singapore’s Yong Siew Toh Conservatory of Music in Singapore November 13, 2018. REUTERS/Edgar Su SINGAPORE (Reuters) – Malaysia Prime Minister Mahathir Mohamad said on Tuesday U.S. prosecutors had promised to help return money that Read More

Goldman Sachs bankers 'cheated' Malaysia over 1MDB: PM Mahathir

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KUALA LUMPUR (Reuters) – Bankers at Goldman Sachs Group Inc (GS.N) “cheated” Malaysia in dealings with state fund 1MDB, Prime Minister Mahathir Mohamad said, amid growing calls in the country for more aggressive steps to recoup fees earned by the bank. FILE PHOTO: Malaysian Prime Minister Mahathir Mohamad gives a speech at Chulalongkorn University, in Read More

VW plans to sell electric Tesla rival for less than $23,000: source

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FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make Tesla (TSLA.O) rivals, a source familiar with the plans said. VW and other carmakers are struggling to adapt quickly enough to stringent rules introduced after the carmaker was found Read More

Volkswagen plans to sell electric Tesla rival for less than $23,000: source

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FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make the Tesla (TSLA.O) rival, a source familiar with the plans said. FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show Read More

White House anti-doping summit signals who’s pulling the strings in campaign against Russia

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It was an anti-doping summit hailed as “monumental” by the people who organized it, even though it was accused of failing to provide representation to the very people it targeted. At the White House on Wednesday, athletes and sports officials from numerous countries met at an event organized by the Office of National Drug Control Read More

Volvo warns some vehicle engines may exceed emission limits

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STOCKHOLM (Reuters) – Sweden’s Volvo (VOLVb.ST) said on Tuesday an emissions control component used in its vehicles was degrading more quickly than expected, which could cause engines to exceed emission limits for nitrogen oxides, sending its stock down sharply. The logo of Volvo is seen on the front grill of a Volvo truck in a Read More

Berlin judge says diesel (gasoil) ban only way to cut pollution enough

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BERLIN (Reuters) – A ban on older diesel (gasoil) vehicles is the only way to bring pollution down to within permitted limits, a judge in Berlin said on Tuesday, signaling he may rule in favor of a diesel (gasoil) driving ban in parts of the German capital. Judge Hans-Ulrich Marticke (C) arrives to a court Read More

Don't export old diesels to eastern Europe, EU warns German carmakers

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BERLIN (Reuters) – The European Commission fears that carmakers in Germany would seek to export old diesel (gasoil) cars removed from German streets under planned trade-off incentives to eastern European countries, Industry Commissioner Elzbieta Bienkowska said on Sunday. A fuel tank cap of a diesel (gasoil) car is pictured in Berlin, Germany, October 2, 2018. Read More

Berlin considering partial ban on older diesels: report

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BERLIN (Reuters) – Authorities in Berlin are looking at imposing bans on older diesel (gasoil) cars on 20 streets including major routes in the German capital, local broadcaster rbb said on Friday. FILE PHOTO: A fuel tank cap of a diesel (gasoil) car is pictured in Berlin, Germany, October 2, 2018. REUTERS/Hannibal Hanschke/File Photo An Read More