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Japan, U.S. report progress on trade talks, though Tokyo stands tough on rice

TOKYO - Japan and the United States reported progress in top-level trade talks on Sunday that could pave the way for a broader trans-Pacific trade deal, although Tokyo cautioned that a bilateral accord was unlikely in time for a summit next week.

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Euro working group to meet Wednesday, deal still sought: Greek official

ATHENS - Euro zone deputy finance ministers will meet midweek ahead of a Eurogroup finance ministers' gathering two days later, a Greek government official told Reuters, as Athens and its creditors continue to seek a deal on reforms to unlock aid.

8:28am EDT

Toyota to launch two hybrid cars in China this year

SHANGHAI - Toyota Motor Corp , the world's largest automaker by sales volume, plans to launch two hybrid cars in China this year as part of efforts to launch vehicles that will help to reduce pollution in the country.

9:46am EDT

Comcast, Time Warner Cable to meet DoJ officials over merger: WSJ

- Representatives of Comcast Corp and Time Warner Cable Inc are preparing to meet U.S. Department of Justice officials to discuss competition concerns raised by the planned $45 billion merger of the two cable giants, the Wall Street Journal reported on Saturday.

12:42am EDT

IG Metall says no reason to undermine Volkswagen Chairman Piech

BERLIN - IG Metall union said on Sunday there is no reason to undermine Volkswagen Chairman Ferdinand Piech after the row over the carmaker's leadership.

7:06am EDT

Oil slide slashes first-quarter profit, not investment plans at Saudi's SABIC

RIYADH - Saudi Basic Industries Corp faces heavy pressure on its profits due to cheap oil but will keep investing globally to boost capacity in key areas, its acting chief executive said on Sunday after the company reported a 39 plunge in first-quarter profit.

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