Bernanke says Fed likely to reduce bond buying this year
WASHINGTON - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year.
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- INSTANT VIEW - Fed to keep buying bonds, boosts 2014 forecasts
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- Asian stocks brace for fall, China data eyed
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Recent Business News
Britain to look at RBS split, start Lloyds sale soon
LONDON - Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland , Finance Minister George Osborne said on Wednesday, after acknowledging the re-privatisation of RBS remains a long way off.
India to consider allowing extra wheat exports on Friday
NEW DELHI - India could add another 2 million tonnes of wheat for export in a successful tender scheme as private traders shun more expensive direct sales, bringing the total offered to 6.5 million tonnes.
Sensex ends higher ahead of Fed decision
MUMBAI - The BSE Sensex edged up on Wednesday amid volatility as investors awaited the outcome of the U.S. Federal Reserve meeting, with telecom stocks such as Idea Cellular gaining on new roaming regulations.
Wall St slumps after Bernanke hints at slowing bond buying
NEW YORK - U.S. stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.
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