2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
South Korea intends to have BMW, Mercedes and Porsche units fined on emission rules breach
South Korea is on the verge of imposing a combined fine of approximately 70.3 billion won on units of such car makers as Mercedes-Benz, BMW AG as well as Porsche due to violation of emission rules, as the environment ministry informed on Thursday.
Seoul Main Customs has also asked prosecutors to probe the three car makers for violation of customs law, including illegal imports, as the ministry stressed.
The BMW unit is going to be fined about 60.8 billion won. It’s accused of falsifying documents on emission test outcome not getting official approval for changes in emission-control components before their vehicles were sold, as the Ministry of Environment disclosed in a statement.
The Mercedes-Benz as well as Porsche units are going to be fined respectively 7.8 billion won and 1.7 billion won for not receiving approval for updates in emission-control components before their vehicles were sold.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.