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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.
French quarterly surge is expected to strengthen in the first half of 2019 because consumer spending derives benefits from improving household incomes as well as reviving business confidence after protests at the end of 2018…
In January, new orders for American goods shot up less than anticipated, tamed by dives in orders for computers as well as electronic products, which is another sign of decelerating manufacturing activity…
The Federal open market committee (FOMC) will make its monetary policy statement and announce the interest rate on March 20, 20:00 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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