Volkswagen managers were notified about diesel probe in May 2014: sources

FRANKFURT A high-ranking employee warned senior Volkswagen managers in May 2014 that U.S. regulators might examine car engine software as part of an investigation into pollution levels, two sources familiar with the matter said on Sunday.

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Germany wants to introduce random emissions tests on cars

BERLIN Germany wants to carry out unannounced emissions tests on all carmakers, Transport Minister Alexander Dobrindt said on Sunday, aiming to reinstate confidence in the industry that was shattered by the Volkswagen cheating scandal.

7:20am EST

Africa's big cities offer investors hope in hard times

JOHANNESBURG Africa's biggest economies have been hammered by the collapse in commodity prices over the past 18 months but there are still investment bright spots to be found.

6:53am EST

HSBC decides to stay in Britain

LONDON HSBC has decided to keep its headquarters in Britain, the bank said on Sunday, following a review into a potential move that could have shifted the group's base to Hong Kong.

5:40pm EST

Noble Group's LNG traders leaving to join Glencore – sources

SINGAPORE/LONDON Three liquefied natural gas (LNG) traders at Asia's biggest commodity trade house, Noble Group Ltd , including two co-heads of the team, are leaving to join rival trader Glencore , sources familiar with the matter told Reuters.

BAE Systems lines up oil exec Woodburn as next CEO: source

LONDON British defense company BAE Systems has picked former oil industry executive Charles Woodburn as heir apparent to Chief Executive Ian King, a source close to the situation said on Sunday.

7:17am EST


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