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Fed holds rates steady in nod to global economic weakness | Reuters

WASHINGTON The U.S. Federal Reserve kept interest rates unchanged on Thursday in a nod to concerns about a weak world economy, but left open the possibility of a modest policy tightening later this year

OPEC sees oil prices returning to $80/barrel by 2020 | Reuters

REUTERS - OPEC forecasts oil prices will grow by no more than $5 per barrel a year to reach $80 by 2020, with rival non-OPEC production growth slowing but not fast enough to fully clear the current oil glut, according to OPEC sources. The sources said the figures came from an updated mid-term strategy report discussed this week by the representatives from the Organisation of the Petroleum Exporting Countries (OPEC) in Vienna, which has yet to be fully endorsed by OPEC ministers. The report forecasts that non-OPEC supply would amount to 58.2 million barrels per day by 2017, some 1 million barrels per day lower than in the previous forecast

Wall Street slightly higher in thin trading ahead of Fed | Reuters

REUTERS - U.S.

Oil slips as Japan data outweighs U.S. stock draw | Reuters

LONDON Oil prices fell on Thursday after weak Japanese data sounded alarm bells over the prospects for global growth, outweighing the bullish impact of a bigger-than-expected decline in U.S.

Oil slips as Japan data outweighs U.S. stock draw | Reuters

LONDON Oil prices fell on Thursday after weak Japanese data sounded alarm bells over the prospects for global growth, outweighing the bullish impact of a bigger-than-expected decline in U.S. crude oil stocks

India aims for 8-10 pct 'non-inflationary' GDP growth - Jayant Sinha | Reuters

NEW DELHI The government is aiming for an 8-10 percent annual economic growth through supply-side measures to increase the capacity of Asia's third-largest economy rather than risk higher inflation by stimulating demand, Jayant Sinha, the Minister of State for Finance, said.

Powerful quake hits off coast of Chile, evacuations ordered | Reuters

SANTIAGO A magnitude 8.3 earthquake hit off the coast of Chile on Wednesday, shaking buildings in the capital city of Santiago and generating a tsunami warning for Chile, Peru and French Polynesia. Chile's government urged residents to evacuate the coastline.

Fed begins two-day meeting, result seen too close to call | Reuters

WASHINGTON The Federal Reserve began a two-day policy meeting on Wednesday with economists evenly split on whether Thursday will see the first official U.S. interest rate rise since 2006. The decision by the U.S.

Fed begins two-day meeting, result seen too close to call | Reuters

WASHINGTON The Federal Reserve began a two-day policy meeting on Wednesday with economists evenly split on whether Thursday will see the first official U.S. interest rate rise since 2006. The decision by the U.S.

Warning shots heard near Burkina presidential palace - witnesses | Reuters

OUAGADOUGOU Soldiers fired warning shots outside Burkina Faso's presidential palace on Wednesday as hundreds of people gathered to protest the detention of government leaders inside by the elite presidential guard, witnesses said. The warning shots, fired by unidentified soldiers as night fell on the capital, caused the crowd to retreat slightly but not to disperse