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Asian shares edge down on U.S. rate hike bets

TOKYO - Asian shares got off to a lackluster start on Monday, after rising inflation and a hawkish tone from the U.S. Federal Reserve Chair rekindled expectations that the Fed is on track to hike interest rates.

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Senator Warren calls for public hearings on bank waivers: FT

NEW YORK - U.S. Senator Elizabeth Warren is calling for U.S. Department of Labor hearings on whether banks accused of rigging foreign exchange markets should be allowed to manage retirement accounts, the Financial Times reported on Sunday.

After bruising safety crisis, U.S. car watchdog shows its bite

WASHINGTON - The U.S. auto safety watchdog, long criticized as toothless and slow, is showing both bark and bite under its new boss - a testimony to his credentials as a safety expert and a hardening of the administration's policy after a wave of deadly defects.

9:24am EDT

Amazon changes tax practices in Europe as investigations continue: WSJ

NEW YORK - Amazon.com Inc has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported Sunday.

5:23pm EDT

G7 finance ministers to address faltering global growth

LONDON - Finance ministers from the world's largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil.

7:44am EDT

Renault in Turkey offers concessions to striking workers

(This May 23 story has been corrected in paragraph 3 to clarify that the company will announce results of financial improvement studies, not pay adjustments, before Ramadan)

2:17am EDT

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