The Volkswagen emissions scandal has rocked Germany’s business and political establishment and analysts warn the crisis at the car maker could develop into the biggest threat to Europe’s largest economy (Reuters).
Stock market turmoil and a surprise currency devaluation fueled fears of a Chinese slump with global repercussions. But even a weaker China still is on track to turn in some of the world’s strongest growth this year. And some industries including retailing are expanding at double-digit rates. (Associated Press).
Mortgage rates retreated this week after the Federal Reserve’s decision not to raise its benchmark interest rate, according to data released Thursday by Freddie Mac. (Washington Post).