Business

FRANKFURT (Reuters) – German carmaker BMW on Sunday rejected media reports that the emissions treatment systems in its vehicles did not work effectively and that it colluded with rivals on their design and prices. Der Spiegel magazine reported on Friday that BMW, VW (VOWG_p.DE), Audi and Porsche may have colluded to fix the prices and
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BUENOS AIRES (Reuters) – The World Bank’s arbitration tribunal has ordered Argentina to pay $320 million plus interest and legal fees to Spanish travel group Marsans for expropriating its airline Aerolineas Argentinas SA AERA.UL in 2008, a local newspaper reported on Saturday. The International Centre for Settlement of Investment Disputes (ICSID) ruled against Argentina for
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SAO PAULO (Reuters) – Carrefour SA board member Abilio Diniz said on Thursday the initial public offering of the retailer’s Brazilian unit shows the country is overcoming its harshest recession in a century as shares slipped in their market debut. Speaking at an opening bell ceremony in the São Paulo Stock Exchange, the Brazilian retail
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