The Federal Reserve's vice chairman, Stanley Fischer, said that it was time for the central bank to bring a little more mystery to its relationship with financial markets, suggesting on Friday that the postcrisis era of detailed guidance was drawing to a close.
Washington - The U.S. economy slowed much more sharply in the final 3 months of the year than initial estimates, reflecting weaker business stockpiling and a larger trade deficit.
Robert �Bob� Benmosche, who pulled the world's largest insurance company back from the brink in the wake of the financial crisis, has died, aged 70.
LONDON: Crude oil futures rebounded on Friday and Brent headed for its first monthly gain since June, helped by strong investor inflows, an improving demand outlook and supply outages.
MUMBAI Feb 28 (Reuters) - India will set up a bank to facilitate funding for the small entrepreneurs that make up the backbone of the country's economy, Finance Minister Arun Jaitley said in his budget speech on Saturday.