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VW profit gains as carmaker battles to overcome crisis
May 31, 2016 by admin · Leave a Comment
Volkswagen posted a surprise increase in first-quarter operating profit as the carmaker is pushing steps to overcome its diesel emissions scandal. Europe's biggest automaker is counting on a deal with U.S. authorities and car owners next month over its rigging of diesel emissions tests while pushing a strategic overhaul across its 12-brand group. Operating profit rose to 3.4 billion euros ($3.8 billion) from 3.3 billion a year
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VW profit gains as carmaker battles to overcome crisis
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U.S. oil rises, global crude weaker on strong Middle East output
May 31, 2016 by elegant · Leave a Comment
U.S. oil prices rose on Tuesday, buoyed by the start of the U.S. summer driving season, while international fuel markets fell on rising output in the Middle East, which mostly serves Asian customers. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $49.58 per barrel at 0707 GMT (04:07 a.m. EDT), up 25 cents from their last settlement. Brent crude oil futures were down 18 cents to $49.58 a barrel.
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U.S. oil rises, global crude weaker on strong Middle East output