World Business

 

VW's ex-CEO probed over market manipulation

Former VW CEO Martin Winterkorn. Prosecutors have been investigating 17 former employees at VW, including lower-level ...

6:51 AM   German prosecutors probe Martin Winterkorn and another senior executive, who are suspected of possible market manipulation related to the car maker's emissions scandal.

Rajan jolts India with move to exit central bank

Reserve Bank of India governor Raghuram Rajan has declared his intention to step down when his term ends in early September.

Vrishti Beniwal and Sandrine Rastello   India's central bank governor Raghuram Rajan said he will step down when his term ends in early September.

IMF sends Brexit warning

Voting to leave could be bad news for the UK economy, the IMF has warned.

​A vote to exit the European Union in next week's referendum could leave Britain's economy more than 5 per cent smaller by 2019 than if it stays in the 28-nation club, the International Monetary Fund said.

Looks a bit like it's the 1930s

Governments will need to step up to encourage companies to invest again, says Morgan Stanley.

Enda Curran   To understand today's global economy, look back 80 years. Now, just like then, a financial crisis has left deep scars.

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The $10 trillion musical chairs game

It's a traders' game of musical chairs. Who will be caught out when the music stops?

Eliza Ronalds-Hannon and Wes Goodman   To make money in today's bond market, keep finding the greater fool. It works until the music stops.

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Singapore to out multinationals shifting profits

Singapore's government has long maintained that it is not a tax haven, but a value-adding hub.

Nassim Khadem   The low-tax nation has signed up to a global plan to fight tax evasion.

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Meet the $9b man ready to pounce on Brexit

Trust the polls, not the bookies, says fund manager Stephen Lingard.

Tom Redmond   This money manager is loading up on cash to be ready to profit if the UK votes to leave the European Union.

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Opinion

Goodbye to LinkedIn, Twitter and (almost) everyone else

As Facebook and Google soak up an ever larger share of digital ad dollars, Twitter's recent efforts to keep up are "all ...

Dante Ramos   It has something 320 million people can't do without, but Twitter's recent efforts to keep up with the Big Five are "all sad, and too late".

Microsoft breaks corporate taboo on pot

Microsoft has teamed up with LA start-up Kind to offer software that tracks marijuana plants from "seed to sale".

Nathaniel Popper   Until now, even the boring parts of the legalised marijuana world was too controversial for mainstream companies.

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Revlon buys Elizabeth Arden for $US870m

Elizabeth Arden shares rose nearly 49 per cent after the deal was announced.

Nick Turner   Cosmetics maker Revlon will buy Elizabeth Arden for $US870 million in a deal that pushed the company's shares up 49 per cent on the day.

Mad scramble for a Brexit plan

Currency markets are moving ahead of the vote on Thursday.

Peter S. Goodman   As chances increase that Britain might actually walk, central banks, investors and businesspeople are franticly drawing up contingency plans. It's an exercise in guesswork and hope.

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Yellen says Brexit vote influenced Fed

Janet Yellen after the Fed's open market committee meeting on Wednesday. The central bank left the target range for the ...

Christopher Condon   Federal Reserve chair Janet Yellen said Britain's referendum was a factor in the US central bank's decision to hold interest rates steady

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IT worker detained in connection with Panama Papers leak

German activists wearing suits and Panama hats hold fake money while demanding greater transparency following the Panama ...

Jamey Keaten   A computer specialist for the Panamanian law firm Mossack Fonseca has been taken into custody linked to the leak of a massive trove of data on offshore companies.

Brexit's five big risks for markets

Flagging risk. Analysts say there are several reasons for markets to quake before the threat of a 'Brexit'.

Mark Mulligan   The market tumult over the growing risk that Britons will vote to leave the EU may seem irrational, or at least overdone. It's not.

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Exit the EU? We want back in, says this country

Britain's vote on June 23 whether to stay in or quit the EU has revived debate about the future of Greenland.

Alister Doyle   Whilst Britain's Brexit campaign is gaining ground, there's one country where politicians and business leaders mull rejoining the European Union. It's a fishy situation.

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US court upholds net neutrality laws

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David R. Baker   In a move hailed by much of Silicon Valley, a US appeals court upheld federal "net neutrality" rules that prevent ISPs from slowing down service for some users.

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IMF sounds China debt warning

Slower growth in China has broader regional implications.

Philip Wen   Surging debt and a murky financial sector has the world's agency worried.

Global jitters rattle markets

The return of the jitters: Patchy global growth, Brexit and US interest rates are driving investors away from stocks.

Mark Mulligan   A fresh bout of global fear ahead of the US Fed's latest rate decision is weighing heavily on markets.

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Weak construction blunts Chinese rally

Workers stand on bamboo scaffolding at a construction site in Chongqing, China.

Philip Wen   Fresh data shows Chinese investment growth is at a 16 year slow.

Trump's loose lips causing pain

Corporate America is getting an unwanted work-out during Donald Trump's bid for the Presidency

Nick Carey and Emily Stephenson   Crisis management gets a work out during Trump's presidential bid

'What are Americans thinking?'

Corporate America is getting an unwanted work-out during Donald Trump's bid for the Presidency

Stephanie Baker and Amanda Gordon   The one question being thrown at American executives around the world is: Can Donald Trump really become president?

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How to fend off Trump's Oreos attack

How to fend off Trump's Oreos attack?

Nick Carey and Emily Stephenson   As the US election campaign rages on, the wildcard candidate attacks companies from biscuits maker Mondelez to Ford, Apple and Amazon, calling for boycotts and sending down their shares. Their hands are tied.

The lunch that will set you back $4.7m

Diets: Paleo is unpopular with experts again.

Katherine Chiglinsky   Getting the undivided attention of the world's most legendary investor over a steak doesn't come cheap.

Tesla: Lost wheel was just the first surprise

A Tesla Model S. Tesla said any suggestion that it was trying to keep owners from reporting safety problems "is ...

Neal E. Boudette   Pete Cordaro was creeping down a dirt road in his 2013 Tesla Model S electric car, when he encountered a pothole and then heard a loud crack.

'They're all bad': VW not the only cheat

Studies show Volkswagen was hardly the only company to flout pollution limits.

Jack Ewing   A growing stack of government and private studies shows Volkswagen was hardly the only company to flout pollution limits.

Brexit: Europe stocks could tank

British Prime Minister David Cameron is under pressure as the campaign for Britain's exit from the EU is gaining ground.

Aleksandra Gjorgievska   European shares could lose about a quarter of their value in the immediate aftermath of a UK secession from the European Union, a study testing the effects of Brexit showed.

The top-rated CEO you haven't heard of

Current and former Bain employees gave CEO Bob Bechek an approval rating of 99 per cent.

Jena McGregor   His staff gave him an approval rating of 99 per cent, but this year's highest-rated CEO has a far lower profile than previous winners such as Mark Zuckerberg or Larry Page.

Ralph Lauren wants to be more like H&M;

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Kim Bhasin   Facing a sales slump, the nearly 50-year-old brand known for its polo shirts will focus on its bestsellers and try to learn from the fast-fashion retailer.

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Lobbyist jailed for extorting Redflex

John Raphael was hired by Redflex from 2005 to 2013 to seek and obtain lucrative red light contracts in the state's ...

A lobbyist has been sentenced to 15 months' federal prison in the US for extorting political campaign contributions from Australian red light camera company Redflex.

The tax havens costing Australia $6b a year

Schools, trains and unicorns are winners, while public servants and foreign property investors lose out.

Nassim Khadem   The world's poorest people, and women in particular, bear the brunt of global tax dodging, says Oxfam.

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