UPDATE 4-EU takes legal action against Germany, UK over VW scandal

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UPDATE 4-EU takes legal action against Germany, UK over VW scandal

BRUSSELS, Dec 8 (Reuters) – The European Union began legal action on Thursday against Germany, Britain and five other member states for failing to police emissions test cheating by carmakers after the Volkswagen diesel scandal.
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US STOCKS-Wall Street again marks new highs in post-election run

Dec 8 (Reuters) – Major U.S. stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on.
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AstraZeneca to cut 700 jobs across USA

WILMINGTON, Del. – Pharmaceutical company AstraZeneca announced Thursday it will eliminate 700 positions across the United States by early 2017.
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Australia's richest woman Gina Rinehart to buy Kidman estate

Australia has given approval for the sale of the country's largest private landholding, the Kidman estate. It will go to Australia's richest woman, Gina Rinehart, and her business partner, Chinese developer Shanghai CRED.
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Asia Currencies Hit by ECB Easing, but Stocks Mostly Gain

Asian currencies were hit Friday by a perceived policy easing by the European Central Bank, even as stock-market reaction was mostly positive.
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