US Fed expected to hike interest rates
CONSENSUS VIEW:
Analysts are betting on an interest rate hike to 3 percent as the US central bank continues to stave off inflation, despite signs that growth is sluggish
The Federal Reserve is expected to raise US interest rates again tomorrow to quell inflationary pressures in the world's biggest economy, despite evidence of slowing growth.
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Celebrity investor stands by embattled company
MEGA-INVESTOR:
Warren Buffett told stockholders that American International Group was still a ``great company,'' despite a probe into its accounting practices
Billionaire investor Warren Buffett expressed confidence Saturday in embattled New York insurance company American International Group Inc., telling his stockholders at their annual meeting that it is a "great company."
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China slashes rebates on some steel, coal exports
China cut tax rebates on exports of some steel products and coal to restrict shipments abroad and address domestic shortages, the country's top planner said today.
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World Business Quick Take
■ Cell phones TV-on-phone launches
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