The Traderszone Network

Volkswagen AG is set to appoint Porsche brand chief Matthias Mueller as its new CEO and announce the departure of top executives in a sweeping overhaul to begin repairing the company’s image tarnished by rigged emissions tests. The 20-person supervisory board meets Friday to vote on naming Mueller, a company veteran for four decades who enjoys the support of the family that controls VW as well as the automaker’s influential labor leaders, said people familiar with matter, who asked not to be identified because the discussions are private. A Volkswagen spokesman declined to comment.

The U.S. Environmental Protection Agency plans sweeping changes to the way it tests for diesel emissions after getting duped by clandestine software in Volkswagen cars for seven years. Chris Grundler, …

Republican presidential candidate Jeb Bush will unveil a national energy plan next week that is a key part of his pledge to spur 4 percent economic growth. The plan, which Bush will detail at a natural gas company near Pittsburgh, is the latest roll-out from the former Florida governor as he attempts to sell himself to voters as the policy heavyweight in the field and steer clear of the personal battles that have erupted in the nomination race as Donald Trump has risen in the polls.

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Hong Kong Monetary Authority once more unto the breach
– sold HK$ 1.55bln
HKMA says the latest intervention will lift the aggregate balance
(the sum of balances on clearing accounts maintained by banks with
them) to HK$ 345.94bln on 30 Sept when the injected funds will be
settled

Our lifters for this week are three very familiar names on the stock exchange.

Fans in Singapore braved hazardous pollution to get the latest iPhone model, while in Australia, one woman sent a robot to wait in her place.
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Candidate Jeb Bush tells CNBC’s John Harwood despite an underwhelming performance so far, he is not about to slow down now.