GM in talks to sell European auto operations to Groupe PSA; US looks to rate hike

Among the international business news stories worth noting this morning:

• General Motors is in talks to sell its European auto operations to French auto manufacturer Groupe PSA, which owns Peugeot and Citroën, Reuters reports.
• The US Federal Reserve may be hiking interest rates at an upcoming meeting, Fed chairwoman Janet Yellen said, adding that that further delays “could leave the Fed’s policymaking committee behind the curve and eventually lead it to hike rates quickly,” Reuters reports.

CORRECTION- Yesterday we mistakenly attributed IMF managing director Christine Lagarde’s interview with Dubai TV’s Zeina Soufan to Bloomberg TV. Our sincere apologies to Zeina.