Top business news

US carmakers recall 12m cars over bags
The new recall of 12 milliion US cars is focused on passenger-side Takata air bag inflators.
Rate hike likely appropriate soon: Yellen
An interest rate hike in the coming months "would be appropriate" if US economic growth continues as expected, Fed chair Janet Yellen says.
US consumer sentiment jumps to May high
The University of Michigan says its index of US consumer sentiment rose to 94.7 in May, the highest in almost a year.
US Q1 growth revised up to 0.8%
US GDP has risen at a 0.8 per cent annual rate as opposed to the 0.5 per cent pace reported last month.
Spain gets EU consent to shut coal mines
Spain will spend 2.13 billion euros shutting down 26 coal miners by 2018, after the EU approved the expenditure.
Philips lights up Amsterdam stock exchange
Investors have quickly driven the price of the floated lighting division of Philips up more than 7 per cent to 21.44 euros.
Stereotypes hinder women in workplace
The National Mental Health Commissioner says gender bias may be so ingrained it is still holding back workplace equality.
Perth media deal raises diversity concerns
Seven West Media is in talks to buy Perth's Sunday Times newspaper from Rupert Murdoch's News Corp, but the ACCC may have some concerns.
Bonds rise as market watches US Fed
Australian bond prices have risen ahead of a speech by US Federal Reserve chair Janet Yellen.
TV2U raises $1.9m
TV2U International has raised $1.94 million for new hires for its research and development team to pursue a number of short-term opportunities.