WASHINGTON (AP) — Trading in stock markets is cautious and the dollar is slightly weaker as investors look ahead to an expected interest rate increase by the Federal Reserve. Futures for the Dow and S&P 500 are both up 0.2 percent. The dollar, meanwhile, is down 0.1 percent against the Japanese yen. The euro is 0.2 percent higher.
WASHINGTON (AP) — President Donald Trump is set to announce plans to re-examine federal requirements that regulate the fuel efficiency of new cars and trucks. Trump is expected to reveal his plans during an appearance today at the American Center for Mobility in Detroit. The rollback underscores the Trump administration's rejection of mainstream climate science in an effort to boost economic growth.
BERLIN (AP) — German media report authorities are searching offices of Audi in connection with an investigation into the luxury automaker's parent company Volkswagen's cheating on diesel emissions tests. The raids come in connection with a fraud investigation launched by Munich prosecutors several weeks ago. Volkswagen pleaded guilty Friday in the U.S. to a scheme to get around American pollution rules.
PARIS (AP) — Renault is denying a report that its vehicles are equipped with software that allowed its vehicles to cheat on emissions testing. The newspaper Liberation claims to have obtained an investigative document from the Economy Ministry indicating that emissions from two models spewed emissions more than 300 percent higher than the legal limit in real-life conditions.
BEIJING (AP) — China's top economic official says his country has no plans to devalue its yuan to boost exports, and will keep its exchange rate stable. The comments by Premier Li Keqiang follow heavy spending by the central bank to shore up the currency.