Brazilian Finance Minister Mantega on Markets

Feb. 27 (Bloomberg) -- Brazilian Finance Minister Guido Mantega talks with Bloomberg’s Andre Soliani about Brazil’s financial markets, inflation and meeting investors in New York. Mantega told investors yesterday Brazil will offer high rates of return for its infrastructure projects as it seeks to carry out a $235 billion investment plan. (This report is in Portuguese. Source: Bloomberg)
VW Faces Costly Fixes as it Seeks to Cut Spend
27:49 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
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