Barclays Sees Further Decline for Yen, Franc

Sept. 3 (Bloomberg) -- Chris Walker, foreign-exchange strategist at Barclays Plc, talks about the correlation between the franc and yen, and their status as funding currencies. He spoke Aug. 15 with Bloomberg's Niki O'Callaghan from London. (Source: Bloomberg)
VW Faces Costly Fixes as it Seeks to Cut Spend
53:24 - 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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