Toyota recalls more cars for dangerous Takata air bags

TOKYO - Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained.

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Barclays says its Swiss private bank drops out of U.S. tax deal

ZURICH - Barclays' private bank in Switzerland has dropped out of a U.S. program aimed at cracking down on wealthy Americans evading taxes through hidden offshore accounts, the British bank's market head for Switzerland said on Thursday.

Exclusive: France, Italy, Belgium budgets may break rules, EU Commission will look again in March - documents

BRUSSELS - The European Commission will tell France, Italy and Belgium on Friday that their 2015 budgets risk breaking EU rules, but it but will defer decisions on any action until early March.

France, Italy, Portugal, Spain 5:48am EST

China's official PMI seen edging down to 50.6 in November

BEIJING - Growth in China's manufacturing sector likely slowed slightly in November as demand remained sluggish, a Reuters poll showed.

5:26am EST

After zero rates, Sweden ponders next steps to avoid deflation

STOCKHOLM - What should a central bank do next when it already has zero interest rates and arguably still faces the threat of Japanese-style deflation? If it's the Swedish Riksbank, it should keep cutting, and do so soon, says Lars Svensson.

5:13am EST


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