Fresh VW Probes Opened in Germany, California

VW's emissions crisis deepened, as U.S. authorities and German prosecutors set new probes into allegations of cheating, even as the company presented an upbeat plan to fix millions of tainted cars in Europe.

 

South Korea Orders Recall Over Volkswagen Emissions Scandal

Seoul ordered more than 125,000 cars recalled after finding Volkswagen and Audi vehicles had emissions-cheating software.

 

Rémy Cointreau Profit Lifted by Weaker Euro

French liquor group Rémy Cointreau said first-half profit for its 2016 fiscal year was lifted by favorable exchange rates.

 

Tesco Reaches Agreement on $12 Million New York Lawsuit

Tesco has reached agreement in principle to pay $12 million to settle a class-action lawsuit in New York over an accounting scandal that tarnished the retailer's reputation.

 

Infineon Profit Beats Forecasts

Shares in Infineon Technologies jumped after the German semiconductor maker reported better-than-expected fiscal fourth-quarter net profit and increased its dividend, due in part to the benefits of a recent acquisition.

 

Barclays Fined for Anti-Money-Laundering Control Failings

Barclays has been fined by British regulators over anti-money-laundering control failings linked to a secretive $2.83 billion deal it arranged for a number of rich clients.

 

Olam: El Nino Has Already Hurt Palm Oil Trees

The impact of El Niño could see the quantity of palm oil produced in Malaysia and Indonesia fall for the first time ever.

 

Citic Securities Probed by China's Stock-Market Regulator

The move is an escalation of an existing probe into irregularities at the country's biggest brokerage.

 

Canadian Oil Sands Cites Potential Suitors in Effort to Fend Off Suncor

More than two dozen potential suitors have expressed interest in making an offer for Canadian Oil Sands, according to documents filed in an effort to thwart Suncor Energy's hostile bid.

 

SCMP Confirms Being Approached by Potential Buyer

The publisher of Hong Kong's South China Morning Post has confirmed it was approached by an interested buyer.

 

Bank of Qingdao Raises $607 Million

Bank of Qingdao, the largest city commercial lender in eastern China's Shandong province, priced its Hong Kong IPO at the bottom end of the expected price range.

 

(END) Dow Jones Newswires

November 26, 2015 08:14 ET (13:14 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.