How Russia's central bank chief held the line
MOSCOW One Thursday evening in March, Elvira Nabiullina, governor of Russia's central bank, faced down a rival in the struggle for influence inside President Vladimir Putin’s entourage.
MUMBAI Morgan Stanley has raised India's FY13 GDP growth forecast to 5.4 percent from 5.1 percent, citing better-than-expected GDP growth for the September quarter and also the stabilization in non-agriculture growth indicators.
India's economy grew 5.3 percent from a year earlier in the July-September period, provisional GDP data showed on Friday.
The investment bank also said it thinks non-agriculture GDP growth has bottomed.
(Reporting by Abhishek Vishnoi; Editing by Jijo Jacob)
SAN FRANCISCO The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labour market outlook, comments from policymakers on Friday suggest.
MADRID An EU court ruling defending the right of temporary workers in Spain to receive severance pay is fuelling calls from Spanish unions and politicians for one of Europe's most uneven labour markets to be fixed.