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Fed renews zero rate pledge, but hints at steeper rate hike path

WASHINGTON - The Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving. | Video

Recent Business News

U.S. inflation surprisingly weak, Fed keeps low rates pledge

WASHINGTON - U.S. consumer prices fell for the first time in nearly 1-1/2 years in August and underlying inflation pressures were muted, which could lessen the urgency for the Federal Reserve to raise interest rates.

17 Sep 2014

IMF warns of risks from 'excessive' financial market bets

WASHINGTON - The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on Wednesday.

17 Sep 2014

Apple to unveil new iPads, operating system on Oct. 21: report

- Apple Inc is set to launch two new iPads and release the next version of its Mac operating system at its next event on Oct. 21, a Daily Dot report said, citing sources familiar with the matter.

17 Sep 2014

Exclusive: Jimmy Choo to pledge industry-beating growth in expected IPO

PARIS - Luxury shoe brand Jimmy Choo will seek to woo investors with a share market flotation prospectus promising industry-beating annual sales growth of more than 10 percent on the back of aggressive expansion plans in Asia and elsewhere, a source close to the deal told Reuters.

17 Sep 2014

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