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Oz keeps interest rates on hold

  Sydney / AP Australia’s central bank held interest rates steady at the all-time low of 1.75 percent on Tuesday following strong growth figures, while keeping an eye on low inflation. The Reserve Bank of Australia cut the official cash rate from 2.0 percent last month to spur the economy, but gave little indication of further easing in a statement ...

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Nissan to face criminal charges over emissions

Seoul / AFP South Korea has called for car giant Nissan to face criminal charges for allegedly manipulating emissions data on a popular sports utility vehicle, weeks after Seoul slapped the firm with a fine over the issue. The environment ministry called on state prosecutors to probe Nissan Korea after saying tests had shown an emission defeat system on the ...

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China needs $1 trillion green finance to cut pollution

  Shanghai / Bloomberg China’s cities need about 6.6 trillion yuan ($1 trillion) of green financing over the next five years to reach its pollution-reduction targets, according to a report. Financial markets will need to cover as much as 90 percent of investment funding for clean transportation, energy-efficient buildings and renewable power through 2020, according to the executive summary of ...

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