US Federal Reserve Tool Recommends Immediate Rate Hike

A tool developed by the US Federal reserve to forecast financial actions and decisions reportedly calls for an immediate interest rate hike, according to a paper published by Philadelphia Fed president Charles Plosser. Jan 1, 2015

No Pressure on RBI To Cut Rates, Insists Jaitley

The finance minister has denied pressurizing the RBI Governor to cut rates, after his reference to 'high cost of capital' sent the markets soaring in the expectation of a rate cut. Dec 29, 2014

US-Russia Trade Improves Despite Sanctions

Trade between the United States and Russia spiked by 7 percent despite the economic sanctions levied by the U.S. on the country, President Vladimir Putin said. Dec 27, 2014