US jobless claims data raises labour market prospect

Source: Dukascopy Bank SA
New applications for the US unemployment benefits fell last week, while the number of Americans on unemployment rolls dropped back to the level seen in 1973, indicating further tightening in labour market conditions.
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Thu, 18 Oct 2018 19:34:26 GMT

Porsche set to repeat record car sales in 2018

Oliver Blume, the CEO of Volkswagen's Porsche brand, stated that it does not need a listing to finance expansion, adding that he is confident the 911 sports car maker is likely to repeat 2017 record sales this year.

Thu, 18 Oct 2018 18:00:32 GMT

VW suggests buyer incentive to scrap older diesels in Germany

Volkswagen stated that it set to offer trade-in incentives and bonuses for scrapping older German diesel vehicles in a bid to stave off the driving ban in polluted cities.

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