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Protestors want the state to initiate an investigation and remove any state funds that might go to the organization’s healthcare services.

Egg prices, which have been pushed higher by an avian flu outbreak among chickens, rose 7.7 per cent in August and are now up 35.3 per cent over a year ago. CPI has hovered around zero since February.

She cited concerns with market instability in Asian markets like China, where a market shakeup late last month sparked by the country deflating its currency, the yuan, caused acute anxiety with global investors and led some to worry that the United States could fall into another...

BANK OF JAPAN: Japan’s central bank was wrapping up a two-day policy meeting on Tuesday, with most economists expecting it to retain its current, ultra-lax monetary policy. China’s Shanghai Composite Index fell 3.5 percent to 3,005.17. It appreciated 0.7 percent to...

US Federal Reserve decided not to immediately hike interest rates, surprising many who had expected to see rate moving up in the world’s top economy after several years.

But, she said, “we have some concerns about negative impacts from global developments and some tightening of financial conditions”.

On Friday the rupee appreciated to a one-month high and bond yields fell to an over three-month low after the US Fed decided to keep interest rates unchanged in its meeting.

“Such exceptionally low real interest rates are unlikely to be appropriate for an economy with persistently strong consumption growth and tightening labor markets”, Lacker said in a statement.

“We believe at some point in the near future the rate hike cycle needs to begin in order for the Fed to retain its credibility with the markets and to remind investors that rates can not stay at zero forever”.

Asian stocks mostly rose Friday, perked by relief that the U.S. Federal Reserve held off on raising interest rates for the time being, but European markets faltered as some investors interpreted the Fed decision as a sign of economic weakness.

“Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term”, the Fed said in its statement.

The buck had traded in a narrow range against most of its rivals during the past week as investors waited for the Fed’s decision, even as many expected the central bank to hold off Thursday, said Mark McCormick, global FX strategist based in New York. However, following the...

The jobless rates fell in 29 states last month amid widespread employment gains while falling oil and coal prices continued to take a toll on energy-producing states.

Higher rates could dent demand for non-interest paying bullion, while boosting the dollar. Prices jumped as much as 1.3 per cent to $US1,133.93, the highest since September 3.

At her news conference, Yellen stressed that even after the first increase from zero, interest rate policy will be “highly accommodative for quite some time”. The two-year Treasury note, which would be more heavily impacted by higher short-term interest rates, had an...