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October, 2, 2016

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The steel unit of Taiwan's Formosa Plastics Group (FPG) in the Vietamese province of Ha Tinh, which is being sued by over 200 Vietnamese fishermen for compensation over pollution, said that the case will be handled by the Vietnamese government.
 
Volkswagen has agreed to pay its U.S. dealers up to US$1.2 billion to compensate them for losses they said they suffered as a result of the company's emissions cheating scandal, according to a settlement agreement filed Friday in federal court in San Francisco.
 
Heavy market pressure on Deutsche Bank eased Friday as a knowledgeable source told AFP the U.S. fine over toxic debt it sold would be only US$5.4 billion, not the US$14 billion originally demanded.
 
EVA Air Chairman Steve Lin has written a letter of apology to the company's employees in the wake of a row over the airline's maintaining of "normal" flight schedules despite Typhoon Megi, according to the Central News Agency.
 
Manufacturing activity in China continued its rebound in September on improving production and demand, government data showed Saturday -- a positive sign for the world's second-largest economy.
 > China
 
Value-packed jetliner
China Airlines' (CAL) first A350-900 XWB passenger jetliner lands at Taiwan Taoyuan International Airport on Saturday. The CAL will use the Airbus' all-new aircraft to serve the route to European cities such as Amsterdam, Vienna, and Rome.
 
Google, which is hoping to beam the internet to remote areas of the world via balloon, went before the UN's aviation agency to ask member states to let it ply their airspace.
 
OPEC deal shows resolve — and desperation
OPEC's unexpected agreement to trim production shows the cartel still has the resolve -- and even desperation -- to try to guide oil prices higher. But don't expect triple-digit crude anytime soon.
 
Electrics touted at Paris car show, but await their moment
When will electric-powered cars become a practical choice for ordinary people? The question hangs in the air at the Paris auto show, where Volkswagen, Mercedes-Benz and General Motors are showing off electric cars they hope are the on-ramp to a profitable future.
 
Stumpf back on defensive in fresh Congress grilling
Angry lawmakers heaped another round of blistering criticism on Wells Fargo's CEO, pressing Thursday for details about what senior managers knew about allegedly illegal sales practices and when any concerns were disclosed.
 
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