Fed's 'solid' growth view faces test as Greek drama unfolds

BRUSSELS - The Federal Reserve's upgraded view that growth in the world's biggest economy is "solid", and so capable of withstanding an interest rate rise this year, will be put to the test by U.S. jobs data this week.

Recent Business News

U.S. regulators recall 2.1 million vehicles in new air bag issue

- The auto industry's air bag troubles deepened on Saturday as U.S. federal safety regulators said three big automakers will recall about 2.1 million older vehicles to fix defects that could cause air bags to deploy when they are not supposed to.

12:49am GMT

Islamic finance looks to outgrow bad habits as it expands

- After a year of landmark deals which are opening new markets for Islamic finance, the industry is under fresh pressure to address some of its shortcomings and prove that it is not just an imitation of conventional finance.

6:11am GMT

Austrians rue starting fashion for Swiss franc mortgages

VIENNA - The surging Swiss franc has dealt a double blow to homeowners in Austria, home of the trend for borrowing in the Swiss currency that has devastated mortgage holders across eastern Europe.

8:13am GMT

Firms prepare for new tax rules as China vows crackdown

BEIJING - The Chinese government's vow to increase tax scrutiny of foreign companies has sent firms rushing to tax advisors ahead of the implementation on Sunday of new rules designed to rein in cross-border tax avoidance.

G20 2:00am GMT

GM and China’s SAIC to push into Indonesia with no-frills vans

BEIJING - General Motors and Chinese partner SAIC Motor Corp will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia’s biggest market and from there tackle other markets in the region.

6:19am GMT
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