WASHINGTON - U.S. job growth accelerated sharply in February despite the icy weather that gripped much of the nation, easing fears of an abrupt economic slowdown and keeping the Federal Reserve on track to continue reducing its monetary stimulus.
MUMBAI - India's foreign exchange reserves rose to $294.36 billion as of February 28 from $293.41 billion in the week earlier, the Reserve Bank of India said on Friday.
LONDON - In July 2006, during lunch at an upmarket restaurant overlooking the sprawling Smithfield meat market in the City of London, Bank of England officials and senior bank dealers discussed evidence of potential manipulation of the foreign exchange market. People at the lunch said the attempts to move the market meant the process of establishing official prices - known as "fixing" - was becoming "increasingly fraught".
LONDON - A bee sting nearly killed Natalie Blyth in 2012 but the HSBC investment banker didn't take fright from the experience - she took inspiration from it.
WASHINGTON/NEW YORK/LONDON - The U.S. economic outlook would have to change dramatically for the Federal Reserve to alter the pace at which it is winding down its massive bond-buying program, three top U.S. central bankers said on Thursday.
HONG KONG - The days of Chinese developers snatching up premium properties with record-breaking offers are coming to an end as cooling measures bite and sale prices are squeezed, ending the reign of a handful of "land kings" in the world's second-largest economy.
WASHINGTON/MOSCOW - Russian officials are pushing for the International Monetary Fund to move ahead with planned reforms without the United States, which could mean the loss of the U.S. veto over major decisions at the global lender, sources said.
WASHINGTON - U.S. household net worth jumped to a new high at the end of last year, as the value of real estate and shareholdings rose and bank accounts swelled.
FRANKFURT - The European Central Bank left interest rates on hold and unveiled no other measures to bolster a fragile euro zone recovery on Thursday despite forecasting low inflation for years to come.
WASHINGTON - The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a sign of strength in a labor market that has been hobbled by severe weather.
REUTERS - Drug maker Ranbaxy Laboratories Ltd has recalled more than 64,000 bottles of the generic versions of its cholesterol-lowering drug in the United States due to reports of a dose mix-up, U.S. regulators said.