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  • An Audi AG A3 35 TDI emissions certification vehicle, produced by Volkswagen AG, waiting to be tested in South Korea on October 1, 2015.

    The CEO of Volkswagen Brands has sought to reassure consumers and investors about a potential fine from the U.S. Department of Justice.

  • CAPE TOWN, Sept 28- It would be a "natural development" for international retail group Steinhoff to take over Shoprite, Africa's biggest supermarket chain, South African tycoon Christo Wiese told Reuters, sending shares in the grocery group surging 4 percent. "People will speculate about that," he said in a rare interview on Tuesday at his modest offices...

  • BERLIN/ FRANKFURT, Sept 28- European Central Bank President Mario Draghi rejected German criticism of the bank's super-loose monetary policy on Wednesday, calling sub-zero rates a necessity and urging governments including Germany's to share more of the burden. Facing a grilling from German lawmakers who say the bank's monetary policy has damaged the euro...

  • BERLIN— Germany's Lufthansa says it is taking over Brussels Airlines, exercising its option to acquire the remaining 55 percent stake in its parent company, SN Airholding. Lufthansa, which already owns 45 percent of the company, said Wednesday that the supervisory board was exercising a call option for the remaining stake. Lufthansa, Germany's largest airline,...

  • *Oil up on U.S. inventories data, eyes on Algiers talks. LONDON, Sept 28- A recovery in Deutsche Bank shares helped push European stocks higher on Wednesday, easing concerns over Germany's financial sector that had hit equities in Asia and drove investors into safe-haven government bonds and the dollar. Federal Reserve Chair Janet Yellen and European Central...

  • LONDON, Sept 28- Germany sold two-year bonds at a record low yield on Wednesday as concerns about the health of the European financial industry kept demand high for debt seen as a safe haven. "The current yield levels I think to some extent is an over reaction so we could see some move in yields as the market calms down and German Bunds will move closer to zero," said DZ...

  • The German financial watchdog denies reports it's working on a rescue plan to help the lender.

  • BERLIN/ FRANKFURT, Sept 28- European Central Bank President Mario Draghi faces a grilling on Wednesday from German lawmakers who say the ECB's super-loose monetary policy has damaged the 19- country currency bloc and fuelled the rise of the populist right. But many in traditionally prudent Germany argue that sub-zero rates upset financial stability,...

  • BERLIN— Investor concerns over Deutsche Bank's financial stability appeared to ease Wednesday after Germany's biggest lender said it had struck a deal to sell a subsidiary and stressed it was not seeking government help. Deutsche Bank said Wednesday it would sell its Abby Life business to Phoenix Life Holdings Ltd., both U.K.- based, for 935 million pounds...

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...

  • LONDON, Sept 28- Britain voted to leave the European Union on June 23 and is expected to trigger Article 50, the formal process of leaving the bloc, next year. Below is reaction from a selection of British companies as to how the Brexit vote has impacted their business so far. Ryanair said in July it plans to cut millions of seats from London routes and shift them to...

  • *Oil up on U.S. inventories data, eyes on Algiers talks. LONDON, Sept 28- A rise in Deutsche Bank shares helped push European stocks higher on Wednesday, easing concerns over Germany's financial sector that had hit equities in Asia and drove investors into safe-haven government bonds and the dollar. Federal Reserve Chair Janet Yellen's appearance before a...

  • Finland's 10- year bond yield, which fell into negative territory for the first time on Tuesday, was at minus 0.02 percent and Spain's 10- year bond hit fresh record lows, dropping 2.5 basis points to minus 0.88 percent. "The current yield levels I think to some extent is an overreaction so we could see some move in yields as the market calms down and German Bunds will...

  • BERLIN— A closely watched survey shows German consumer confidence has dropped slightly amid concerns over Britain's decision to leave the EU and extremist attack threats. The announcement that Great Britain will leave the EU has caused uncertainty to rise. " Some 2,000 consumers were surveyed for the report on behalf of the European Commission.

  • LONDON, Sept 28- The dollar rose against the yen and a basket of currencies on Wednesday, with focus shifting to the Federal Reserve chair Janet Yellen's testimony later in the day. It was up 0.2 percent at 100.60 after setting a one-month low of 100.085 yen on Tuesday. The euro was down 0.2 percent at $1.1190, having come under pressure in the past session on concerns...

  • Facebook said it would appeal against an order by a German privacy regulator on Tuesday to stop collecting and storing data of German users.

  • ST. LOUIS, United States- Federal Reserve Bank of St. Louis President James Bullard gives welcome remarks before the Community Banking in the 21st Century Conference hosted by the Federal Reserve Bank of St. Louis- 1415 GMT. ST. LOUIS, United States- Federal Reserve Bank of Chicago President Charles Evans speaks before the Community Banking in the 21st Century...

  • BERLIN, Sept 28- European Central Bank President Mario Draghi is set to face tough questions from German lawmakers on Wednesday about the bank's ultra-loose monetary policy, just as the ECB is considering even more stimulus to revive inflation. Gunther Krichbaum, the head of the European affairs committee who invited Draghi to Berlin, told Reuters the Italian...