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.
- EU fines Ranbaxy, others for blocking cheaper drugs
- INSTANT VIEW - Fed to keep buying bonds, boosts 2014 forecasts
- Tata Motors upgrades cars as rivals launch new ones
- Asian stocks brace for fall, China data eyed
- "No, we can't"- Japan's conservative values collide with plan to mobilise women for economy
Recent Business News
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.
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.
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.
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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