Volkswagen managers were notified about diesel probe in May 2014 - sources

FRANKFURT A high-ranking employee warned senior Volkswagen managers in May 2014 that U.S. regulators might examine car engine software as part of an investigation into pollution levels, two sources familiar with the matter said on Sunday.

Recent Business News

BP extends scope of Khazzan gas field development in Oman

LONDON Britain's BP and partner Oman Oil signed an agreement on Sunday to develop a second phase of the Khazzan natural gas field, taking the estimated investment in the project to $16 billion (11.03 billion pounds), the company said.

2:28pm GMT

Carrefour offices searched in French agriculture pricing investigation

PARIS French retailer Carrefour has had its offices searched as part of an investigation into its commercial practices, the company said on Sunday, two days after the government warned companies against squeezing further price cuts from farmers.

2:11pm GMT

Analysis - Fed's 'dot plot' looks increasingly out of touch on rates

SAN FRANCISCO The Federal Reserve's rate path "dot plot" has become increasingly detached from financial markets' interest-rate projections and risks sending an overly hawkish message that may undermine the central bank's credibility.

2:05pm GMT

Modi urged to make reality match 'Make in India' hype

MUMBAI Thousands of people and lion mascots swarmed the weekend opening of a "Make in India" drive to attract foreign direct investment, pitched by Prime Minister Narendra Modi as "the biggest brand that India has ever created".

World 5:03pm GMT

Noble Group's LNG traders leaving to join Glencore – sources

SINGAPORE/LONDON Three liquefied natural gas (LNG) traders at Asia's biggest commodity trade house, Noble Group Ltd , including two co-heads of the team, are leaving to join rival trader Glencore , sources familiar with the matter told Reuters.

3:59pm GMT
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