UPDATE 1-Nigeria to ease foreign currency restrictions in the long term -VP ABUJA, Oct 4- Nigeria will keep its restrictions on foreign currency for now to preserve the country's currency reserves amid plunging oil revenues, but will eventually relax them, the country's vice president said. Nigeria's manufacturing industry body has warned that some companies might be forced to close plants because they could no longer import raw...
| By: Felix Onuah
EU's Schulz says Volkswagen scandal a "heavy blow" for German economy BERLIN, Oct 4- The head of the European Parliament told a group of German regional newspapers that the emissions scandal at Volkswagen would hit the German economy hard but Europe's biggest carmaker was likely to survive the crisis. Germany's finance and economy ministers have played down the risk of a broader economic danger for Germany from the scandal.
New chairman sees emissions scandal as threat to VW's viability -paper BERLIN, Oct 3- Hans Dieter Poetsch, the incoming chairman of Volkswagen, sees the scandal around the rigging of emissions tests as a threat to the firm's viability albeit a surmountable one, a newspaper quoted him as saying. At an internal company meeting this week at the VW headquarters in Wolfsburg, Poetsch described the situation as an "existence-threatening...
Warner Bros bets big on DC Comics for TV Warner Bros. sold three new shows based on DC Comics characters this season after series like "Gotham" and "The Flash" became hits.
| By: Tom DiChristopher
US airstrike hits hospital in Afghanistan A hospital run by Doctors Without Borders in Kunduz was badly damaged early Saturday after being hit by an American airstrike, The NY Times reports.
Source: The New York Times
| By: By ALISSA J. RUBIN
U.S. hedge funds brace for worst year since financial crisis BOSTON, Oct 2- U.S. hedge funds are bracing for their worst year since the 2008 financial crisis after a dramatic sell-off in healthcare and biotechnology stocks triggered double-digit losses for some prominent players last month. Since then, hedge funds have had only one down year, when they lost 5.25 percent in 2011, data from Hedge Fund Research show.
| By: Svea Herbst-Bayliss