Markets & Finance News

SAIC General Motors has started recalling 6,451 GL8 minivans in China due to problems with the vehicles' electronic steering software, the country's top quality watchdog said.

Saudi Arabia's stock market edged up on the back of modest gains in the banking sector on Sunday while Egypt imitated world markets' strong finish at the end of last week. Most other Middle Eastern bourses fell.

Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain's negotiating strategy.

The United Arab Emirates investigation into the 2016 Emirates crash in Dubai is focusing on pilot actions and has identified ways that air traffic control and flight crews can communicate better, an interim report said on Sunday.

Foreign carmakers should contribute to a proposed German fund set up to improve urban transport infrastructure, BMW CEO Harald Krueger has said, just days after a deal was reached to cut pollution and avert a ban on diesel engines.

UAE investigators looking into the cause of the 2016 Emirates crash at Dubai International Airport have found no mechanical issues with the aircraft prior to the incident.

* Ospreys have been involved in previous crashes (Recasts with Australia sending military to assist in recovery efforts, adds defence minister quotes and details of search, paragraphs 1, 7-8; adds byline, changes dateline)

Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.

The U.S. Navy and Marine Corps suspended their search and rescue efforts on Sunday for three U.S. Marines missing after their aircraft crashed into the sea off Australia's northeast coast a day earlier, the U.S. Marine Corps said.

Fox News on Saturday suspended host Eric Bolling following a media report that he sent sexually inappropriate text messages to colleagues, marking the third high-profile harassment case to rock the conservative, highly rated cable news outlet.