Business News Headlines

All eyes on Fed, Greece after ECB fires bazooka

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PARIS - After the surprises from central banks which rocked markets at the start of the year, the U.S. Federal Reserve will be watched as closely as ever this week to see that it doesn't stray from its own policy path.

9:38am GMT

Should the euro zone really fear demon deflation?

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BRUSSELS - If the multi-billion dollar consumer electronics industry can function fine with constantly falling prices, why is deflation in the broader economy such a threat?

9:36am GMT

Dubai builder Arabtec wins $152 million contracts in Abu Dhabi

ABU DHABI - Dubai's Arabtec Holding has won two contracts in Abu Dhabi worth 560 million dirhams (170.9 million pounds) combined through its Target Engineering unit, the builder said on Sunday.

5:52am GMT

Sat, Jan 24 2015

Will return UK inflation to 2 percent within two years - Carney

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DAVOS, Switzerland - The Bank of England has the ability and the duty to return usually low British inflation to its 2 percent target within the next two years, its governor said on Saturday.

24 Jan 2015

Goldman president urges Britain to stay in the EU

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LONDON - The president of Goldman Sachs has urged Britain to stay within the European Union, warning, ahead of a May general election, that an exit would put the capital's status as a major financial centre at risk.

24 Jan 2015

BA-owner returns with 1.3 billion euro offer for Aer Lingus - reports

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LONDON - The owner of British Airways has made a third takeover approach to Aer Lingus, offering to pay 2.50 euros per share, or around 1.3 billion euros in total for the Irish airline, Sky News reported on Saturday.

Aerospace & Defence, UK 24 Jan 2015

Bundesbank's Weidmann casts doubt on effectiveness of ECB's quantitative easing

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BERLIN - Bundesbank President Jens Weidmann, an unabashed critic of the European Central Bank's quantitative easing (QE), told a German newspaper on Sunday he had doubts about the effectiveness of the ECB bond-buying plan.

1:17am GMT

Japan offers compromise on rice in Asia-Pacific trade talks - Nikkei

TOKYO - Japan has offered to import more rice from the United States in a compromise aimed at pushing forward the Asia-Pacific regional trade talks, the Nikkei reported on Sunday.

Japan 2:03am GMT

Volkswagen to recall 80,000 Audis; 35,000 in China

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BEIJING - German car maker Volkswagen AG will recall 80,000 cars from its luxury division Audi due to issues with the fuel injection system, Audi said on Saturday, adding that around 35,000 of the affected vehicles are from China.

24 Jan 2015

After wave of QE, onus shifts to leaders to boost economy

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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

24 Jan 2015