Australia's competition regulator said the federal court has penalized Volkswagen AG a record A$125 million ($86 million) for allegedly making false representations about compliance with the country's diesel emission standards.
Asian shares snoozed near 18-month highs on Friday as trade thinned in the run-up to Christmas and investors seemed content to digest the chunky gains already made so far this month.
Chinese automakers Great Wall Motor and Changan Automobile are accelerating plans to build cars in India after the initial success of rival SAIC Motor in one of the world's biggest markets, three sources said.
Brazil's planemaker Embraer S.A. said it is studying the development of a new light military transport plane together with the Brazilian Air Force, the company said in a statement on Thursday.
Australia's corporate watchdog said on Friday it had begun civil penalty proceedings in Federal Court against a unit of Volkswagen AG for allegedly not making appropriate checks before giving out 49,380 loans to consumers.
Wall Street's major indexes resumed their rally with fresh records on Thursday as U.S. Treasury Secretary Steven Mnuchin said an initial U.S.-China trade deal would be signed in early January.
World stocks drifted down from the week's record highs on Thursday, while the crown gained as Sweden's central bank became the first to raise interest rates from negative territory.
U.S. President Donald Trump's rewrite of North American trade rules will cost automakers nearly $3 billion more in tariffs over the next decade for cars and parts that will not meet higher regional content requirements over the next decade, the Congressional Budget Office (CBO) estimates.
Asian shares edged higher on Thursday amid growing confidence in the global outlook following improving economic indicators and a preliminary trade deal between the United States and China.
The U.S. Securities and Exchange Commission (SEC) said on Wednesday that MetLife Inc. has agreed to pay $10 million to settle securities violations.
The S&P 500 was little changed on Wednesday, hovering around all-time highs, as investors' optimism about global economic growth was countered by a steep drop in FedEx Corp shares.
The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while a rally in global equity markets wavered as financials shares slipped.
Swatch Group threatened on Wednesday to pursue damages after it said the Swiss competition authority COMCO wants to prohibit the world's biggest watch maker from supplying watch mechanisms to other companies during 2020.
BMW AG and Daimler AG said Wednesday they plan to exit the North American car-sharing market and will halt operations in Montreal, New York, Seattle, Washington D.C. and Vancouver.
A dam owned by iron ore company Vale SA that was the subject of an investigative report by a TV program last week is structurally sound and there is no reason for concern, Brazil's national mining regulator said late on Tuesday.