India CB unexpectedly keeps rates unchanged

Source: Bloomberg
© Scanpix/FP
The Reserve Bank of India decided to keep the main interest rate unchanged, even though the country faces a significant increase in consumer price index, as it reached more than 11% last month. The benchmark rate was held at 7.75%, while economists predicted it to rise, on average, to 8%. The CB officials explain their decision by the necessity to support economic growth.
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Wed, 18 Dec 2013 08:31:03 GMT

U.S. shares drop before outcome of Fed's meeting

Wall Street inched lower on Tuesday as investors stayed away from big bets before on outcome of the Federal Reserve policy meeting suggesting whether the central bank curbs its stimulus measures. The Standard & Poor's 500 Index slipped 0.31% and closed at 1,781, the Dow Jones industrial average fell 0.06% to 15,875.26 and the Nasdaq Composite Index closed at 4,023.68,

Wed, 18 Dec 2013 06:50:04 GMT

China foreign direct investment grows in November

The total amount of foreign direct investment into Chinese economy surged 5.5% in January-November of this year, comparing with a year ago, as the total sum of the investment reached $105.5 billion, the data from the Ministry of Commerce shows. In November, however, the indicator rose 2.35%. The most significant increase of the investment was registered from the EU –

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