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Brazilian currency drops again

  La Paz / Bloomberg Brazil’s real weakened after the central bank intervened amid comments by acting President Michel Temer that signaled he’s worried about the currency’s world-beating rally this year. Temer said Brazil needs to maintain a balanced exchange rate, neither too weak nor too strong, Valor Economico newspaper reported. The monetary authority offered 15,000 of reverse currency swaps, ...

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VW gets approval to fix 460,000 diesel autos

  Berlin / Bloomberg Volkswagen AG got German regulatory approval to carry out technical fixes on 460,000 diesel cars fitted with software that cheats emissions tests. The approval from the Federal Motor Transport Authority applies to models with 1.2-liter EA189 engines including Volkswagen Polo and Seat Ibiza, the German carmaker said in a statement on Sunday. Germany’s approval is valid ...

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World’s biggest shipping firm warns over US protectionism

  Washington / Bloomberg A. P. Moeller-Maersk A/S, a Danish conglomerate that owns the world’s largest container shipping company, is voicing concern as a potential shift in U.S. policy threatens to reduce global trade. While Maersk assumes that no matter how the U.S. presidential election ends, it probably “won’t have an effect on the contracts we have and the employment ...

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