Economic Indicators

Australia government says it won't break tax cut pledge

Australia's newly reelected administration says its promise to slash income taxes might be delivered late but won't be broken as the government hopes to stimulate consumer spending and revive a flagging economy.

Business Highlights

___ Report: More companies in China handing over technology BEIJING (AP) — A business group says the number of foreign companies in China that feel compelled to hand over technology has doubled since two years ago.