CEO Martin Winterkorn apologized for the "irregularities" after the company admitted to using illicit software to cheat U.S. emissions tests.
While European markets appeared on the mend, U.S. stock futures pointed to a strong opening after Tuesday's fall.
China's factory sector shrank at a faster pace than expected in September, falling to its weakest level in over six years.
Volkswagen is the champion of small diesel engines in the U.S., but a scandal like this could deal a serious blow to the company's image.
European stocks plummeted sharply at the open Tuesday, as investors continued to hunt for clues to the U.S. Federal Reserve's plans.
Volkswagen announced it has set aside $7.3 billion to cover costs related to its emissions scandal, while its stock fell nearly 19 percent on the Frankfurt exchange Tuesday.
If problems are found, South Korea's environment ministry said its probe could be expanded to all German diesel imports.
North Korea is expected to launch an upgraded long-range ballistic missile, which would violate international sanctions, as it prepares to celebrate the anniversary of the founding of its ruling Workers' Party of Korea on Oct. 10.
The South Korean electronics maker may also be working on a foldable smartphone, codenamed Project Valley.
Chinese experts say Japan will now be able to engage in overseas military actions -- and say China should be on guard against Japanese militarism.
The U.S. central bank's imminent decision on whether to increase the currently low cost of borrowing is keeping many markets on tenterhooks.
The Shanghai Composite index rallied the most in three weeks, as world markets await the outcome of the two-day meeting of the U.S. Federal Reserve.
In South Korea, the person who initiated the breakdown in a marriage can't file for a divorce.
Scenic beaches and big waves aren’t the first things that come to mind when you think of North Korea. But the regime's leader Kim Jong-un is looking to change that.
Investors remained cautious ahead of next week’s crucial meeting of the U.S. Federal Reserve, when a decision on hiking interest rates is expected.
The possibility of a delay in a U.S. interest rate hike and concerns over China's economy sent markets bobbing in and out of negative territory.
The court noted that Kim Ki-jong, a self-described anti-U.S. activist, had shown no remorse and sought to justify his crime during the trial.
Asian indexes -- hit by disappointing data and falls on Wall Street -- failed to recover Thursday and closed deep in the red.
"The days are gone forever when our enemies could blackmail us with nuclear bombs," Supreme Leader Kim Jong Un once said.
The world’s biggest smartphone maker is preparing to cut 10 percent of its headquarters staff, a Korean newspaper reports.
While the data hurt stocks initially, indexes in the country closed significantly higher after the government injected more liquidity into the market.
Chinese investors continue to be buoyed by official pronouncements that markets are stabilizing and the government will intervene to prevent "systemic risk."