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Fed rate said on topic list of China

posted: 05/26/2016 2:08 a.m. Discuss

Chinese officials plan to ask their American counterparts in annual talks next month about the chance of a Federal Reserve interest-rate increase in June, according to people familiar with the matter.

France draws on its fuel reserves

posted: 05/26/2016 2:07 a.m. Discuss

French drivers are fuming, oil industry workers are divided, and the government is reaching into its fuel reserves to end gasoline shortages that have heightened the stakes of nationwide protests to defend labor protections.

Business news in brief

posted: 05/26/2016 1:59 a.m. Discuss

U.S. probes Alibaba accounting methods HONG KONG -- Alibaba Group, the China-based e-commerce giant, said it is under investigation by U.S. securities regulators over its accounting practices.

Cuba to legalize more businesses in private sector

posted: 05/25/2016 2:09 a.m. Discuss

Cuba announced Tuesday that it will legalize small and medium-size private businesses, a move that expands the space allowed for private enterprise in one of the world's last communist countries.

Tax raid targets Google in Paris

posted: 05/25/2016 2:08 a.m. Discuss

French police and prosecutors raided Google's Paris offices on Tuesday, intensifying a tax-fraud investigation amid accusations across Europe that Google fails to pay its fair share.

Business news in brief

posted: 05/25/2016 2 a.m. Discuss

Monsanto rejects Bayer's $62B buyout NEW YORK -- Monsanto rejected Bayer's $62 billion takeover bid on Tuesday, calling it "incomplete and financially inadequate."

Bayer's Monsanto bid ruffles investors

posted: 05/24/2016 2:41 a.m. Discuss

Bayer AG said Monday that it has offered $62 billion to buy Monsanto Co., deepening investor concern that it's stretching its finances to become the world's biggest seller of seeds and farm chemicals.

Indian mini-shuttle test flight successful

posted: 05/24/2016 2:38 a.m. Discuss

India successfully launched a scale model of a reusable spacecraft on Monday, a project that in time could pit the nation against billionaires Jeff Bezos and Elon Musk in the race to make access to space cheaper and easier.

GE, Saudis sign deals worth $1.4B

posted: 05/24/2016 2:37 a.m. Discuss

DUBAI, United Arab Emirates -- General Electric Co. said Monday it made a series of deals with Saudi Arabia worth more than $1.4 billion as part of the kingdom's ambitious plan to wean itself off crude oil.

Eurozone studies show slow growth, optimism

posted: 05/24/2016 2:37 a.m. Discuss

LONDON -- Mixed economic signals emerged Monday about the state of the eurozone economy.

Venezuela Coke can't get sugar, halts production

posted: 05/24/2016 1 a.m. Discuss

Coca-Cola Co. is halting production of sugar-sweetened beverages in Venezuela as the company's namesake soda becomes the latest victim of a lack of raw materials in the country.

Shenzhen emerges as China's hot spot

posted: 05/23/2016 2:16 a.m. Discuss

SHENZHEN, China -- Forget Beijing and Shanghai. China's economic future is emerging in Shenzhen.

Uber, Grab face Thai motorbike-ride ban

posted: 05/23/2016 2:10 a.m. Discuss

BANGKOK -- Traveling on two wheels is often the best way to maneuver through Thailand's notorious traffic. However, the Department of Land Transport has put the brakes on motorbike-hailing services offered by Uber and Grab barely two months after they started.

Ice-cream bar's 9-cent rise rued

posted: 05/22/2016 1:46 a.m. Discuss

One of the most talked-about television commercials in Japan this year advertises an unusual product: contrition.

Promoters redirect clientele after Macau shifts gambling rules

posted: 05/22/2016 1 a.m. Discuss

Macau's gaming promoters are betting they can make money directing high rollers to casinos in Southeast Asia and other tropical destinations as increased government control crimps casino revenue in the world's biggest gambling center.

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