Europe

California says Volkswagen will pay the state another $154 million in penalties and costs, bringing the total to $1.3 billion.

The European Central Bank left its ultra easy monetary policy stance unchanged as expected on Thursday, keeping rates at record lows and even leaving the door open to more asset buys if the outlook worsens.

The European Central Bank left its ultra easy monetary policy stance unchanged as expected on Thursday, keeping rates at record lows and even leaving the door open to more asset buys if the outlook worsens.

Retailers in the United Kingdom will soon be banned from charging customers an additional fee for using credit cards on purchases, British government officials said Wednesday.

Retailers in the United Kingdom will soon be banned from charging customers an additional fee for using credit cards on purchases, British government officials said Wednesday.

The German government has invited leading automakers to a meeting next month to discuss how to reduce diesel emissions.

The German government has invited leading automakers to a meeting next month to discuss how to reduce diesel emissions.

Bond yields around the world have surged since the European Central Bank hinted last month that its bond buying was coming to an end, a replay of the "taper tantrum" in 2013 when the Federal Reserve caught markets off guard with similar plans.

Bond yields around the world have surged since the European Central Bank hinted last month that its bond buying was coming to an end, a replay of the "taper tantrum" in 2013 when the Federal Reserve caught markets off guard with similar plans.

German automaker Daimler says it's voluntarily recalling 3 million diesel cars in Europe to improve their emissions performance.

Global stocks scaled record highs on Friday, capping their best week in over two months as the dollar stayed close to nine-month lows, with bets on a gradual U.S. Federal Reserve rate hike path and hopes for a strong earnings season boosting risk appetite.

The International Energy Agency (IEA) is predicting that in the next five years the United States will become the largest exporter of natural gas.