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Mitsubishi’s fuel fraud may cost its shareholder $3bn

  Tokyo / Bloomberg Mitsubishi Motors Corp.’s fraudulent fuel-economy testing and the subsequent plunge in its stock price and sales could cost its second-largest shareholder about 335 billion yen ($3 billion), as the Japanese carmaker’s disclosure reverberates through its business group. Mitsubishi Corp., which owns 10 percent of Mitsubishi Motors, is the first of the automaker’s major shareholders to measure ...

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UK trade drags on growth as gap widens to most in eight years

  Bloomberg The U.K. economy received no help from its international trade performance in the first quarter, official figures published on Tuesday suggest. The deficit widened to 13.3 billion pounds ($19 billion), the most since the start of 2008, from 12.2 billion pounds in the fourth quarter of 2015, the Office for National Statistics said. The shortfall in goods alone ...

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German, French & Italian industrial production disappoints in March

Bloomberg Industrial production in the euro area’s three biggest economies disappointed in March, possibly signaling slackening demand in Europe. German production, adjusted for seasonal swings, fell 1.3 percent, its second consecutive decline and exceeding a 0.2 percent drop predicted by economist in a Bloomberg survey. In France, output unexpectedly fell 0.3 percent, and Italy saw production stagnate in March after ...

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