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Toyota recalls 155,000 Prius and Lexus vehicles in U.S.

Toyota Motor Corp. announced early Tuesday in Washington that it would recall another three models in the United States -- covering 155,000 vehicles -- one day ahead of a congressional hearing. This is the third round of recalls by the auto giant in the last two weeks.

Headlines

Rate of inflation "still low"

Central bank governor Zhou Xiaochuan said yesterday China´s inflation rate remains "relatively low", amid ongoing debate among officials and economists on when policymakers should raise interest rates to rein in rising inflation and asset prices.

Taiwan leader: Trade pact with mainland crucial

Taiwan´s leader Ma Ying-jeou has said that the island needs a proposed trade pact with the mainland. He said the Economic Cooperation and Framework Agreement would help the island increase jobs and its competitiveness.

China bankcard holders´ Jan. consumer confidence higher: BCCI index

Chinese bankcard holders´ consumer confidence in January was up year on year, according to an index issued jointly by China Unionpay and Xinhua News Agency on Tuesday.

Cross-Straits travel rush underway

The travel rush has begun for the Spring Festival and air traffic across the Taiwan Strait is also seeing a surge. More than 45-thousand passengers are expected to make the trip over the holiday.

Record auto recalls in 2009

China´s quality watchdog says the number of auto recalls in the country and the number of cars involved all hit a record high last year.