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Fed policymakers say rate increase likely warranted soon: minutes

WASHINGTON, Nov 22 Many Federal Reserve policymakers expect that interest rates will have to be raised in the "near term," according to the minutes of the U.S. central bank's last policy meeting released on Wednesday.

Recent Business News

Peter Thiel sells most of remaining Facebook stake

Facebook Inc's first major investor Peter Thiel has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan, a regulatory filing showed.

Tech, Facebook Nov 22 2017

Tesla cranks up big battery in Australia

MELBOURNE Tesla Inc has completed construction of the world's largest lithium ion battery in Australia, putting it on track to meet a 100-day deadline for switching the battery packs on, the South Australian government said on Thursday.

Nov 22 2017

Rockwell Automation rebuffs Emerson's latest $29 billion bid

Rockwell Automation Inc rejected Emerson Electric Co's sweetened $29 billion takeover offer on Wednesday, in its strongest rebuttal to date of the proposed combination of two of the world's largest factory equipment makers. | Video

Nov 22 2017

Cathay Pacific's pilots plan levy as buffer against action by airline

SINGAPORE Cathay Pacific Airways Ltd's pilots will vote on whether to raise funds as a buffer against any actions the loss-making Hong Kong airline takes against them like unilateral benefit changes or job losses, according to the pilot's union.

12:43am EST

Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms: sources

Saudi Arabia has agreed to buy about $7 billion worth of precision guided munitions from U.S. defense contractors, sources familiar with the matter said, a deal that some lawmakers may object to over American weapons having contributed to civilian deaths in the Saudi campaign in Yemen.

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