Federal Open Market Committee

Markets hold their breath: Eerie calm in countdown to Fed conclusion

Caution ruled in stock markets, with MSCI's broadest index of Asia-Pacific shares outside Japan flat at 464.14. Japan's Nikkei firmed 0.8 percent while Australian shares were a fraction lower.<br /><br />

No magic wand to solve India's economic crisis: Raghuram Rajan

Faced with declining value of the rupee and widening CAD, RBI Governor designate Raghuram Rajan said there is no magic wand to solve the challenges before the country overnight and he will endeavour to deal with them one at a time.

Federal Reserve will refrains from providing another stimulus

Federal Reserve policymakers have backed away from the need for another round of monetary stimulus as the US economy gradually improves.