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Oil prices give up earlier gains; languish near 11-year lows

January 6, 2016 by · Leave a Comment 

By Jacob Gronholt-Pedersen and Roslan Khasawneh SINGAPORE (Reuters) – Oil prices on Wednesday gave back earlier gains, retreating toward the previous session's close near 11-year lows as concerns over growing…

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Oil prices give up earlier gains; languish near 11-year lows

certain-diesel

Volkswagen brand chief says ‘confident’ of finding solution to U.S. diesel issues

January 6, 2016 by · Leave a Comment 

(Reuters) – The head of Volkswagen AG's top selling brand said Tuesday he is “confident” the German automaker will reach agreement with U.S regulators to bring nearly 500,000 diesel vehicles into compliance with U.S. emissions laws. “We are confident we will find an acceptable solution,” VW brand chief Herbert Diess said at a press conference at the Consumer Electronics Show in Las Vegas, Nevada. Volkswagen has admitted it installed software in certain diesel models sold…

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Volkswagen brand chief says ‘confident’ of finding solution to U.S. diesel issues