Sydney / AFP Australian logistics giant Asciano said on Tuesday it was recommending a $6.8 billion takeover deal between two rival local and international suitors, breaking up the company’s ports and rail assets. The announcement ended a bidding war for Asciano, a major Australian rail, freight and ports operator, between a consortium led by Canada’s Brookfield Infrastructure Group and a ...

Bloomberg Volkswagen AG was sued for €3.3 billion ($3.7 billion) over how the company informed markets about devices used to hide pollution in diesel engines, its biggest legal challenge in Germany to date after a wave of lawsuits in the U.S. on the scandal. The case was filed on Monday in Braunschweig on behalf of 278 institutional investors from around ...

Bloomberg The risks are stacking up for the pound. Britain’s currency fell the most in three weeks versus the dollar as investors braced for a budget at which fiscal tightening is anticipated, a Bank of England statement that they’ll peruse for indications about the interest-rate path and a Federal Reserve gathering where, speculation is building, officials will signal a boost ...