World Business News

China has set a target of 7.5 percent economic growth this year, down from the 2011 goal of eight percent, according to an advance copy of a speech to be delivered by Premier Wen Jiabao on Monday.

The world's largest advertising group, WPP, has reported record profits, and says events such as the Olympics should boost business this year.

Facebook Inc plans to increase its $2.5 billion credit line to help cover a major tax hit when employee stock awards vest shortly after it goes public, according to two sources familiar with the company's plans.

India's exporters have begun receiving the first rupee payments from Iran, Indian government and trade sources said on Thursday, kicking off a mechanism to skirt Western sanctions which have made doing business with Tehran tougher.