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Following the Keynesian Revolution and the famous Phillips Curve, it was widely believed that there was a tradeoff between price stability and growth.

The dollar fell against most major currencies on Wednesday after the Federal Reserve cut interest rates 25 basis points and said '[t]he substantial easing of monetary policy to date, combined with ongoing measures to foster market liquidity, should help to

Sensitive and stolen US military items are being sold on eBay, according to a report by the Government Accountability Office. Investigators posing as buyers were able to purchase a dozen prohibited military items on the popular online auction site.

Addressing a press conference at Def Expo 2008, defence minister AK Antony vowed that there was no place for middlemen in defence deals. He had earlier set an example by scrapping a couple of mega multi-billion dollar defence deals for

All the headlines were about his anti-inflation measures but a more enduring aspect of the finance's minister's revisions to the Finance Bill was his keeping tax exemption lobbyists largely at bay.

The slack season credit policy announced by RBI on April 29 is a cautious document. Hiking further the cash reserve ratio by 25 basis points to 8.25%, effective May 24, given the 50 basis points increase effected just a fortnight

The US dollar slid across all of its major counterparts as the Fed cut another 25bp and gave a murky outlook for future policy shifts. As a result, the greenback took the biggest loss against the yield hungry commodity currencies.

SEATTLE (Reuters) - Microsoft Corp's board met on Wednesday to discuss its stand-off with Yahoo Inc over its $41.8 billion takeover bid, but failed to reach a decision on what to do next, according to a Wall Street Journal report.

The market will consequently attach greater importance to tonight's ISM manufacturing and tomorrow's non-farm payroll numbers to justify the next directional move. Signs of greater stability from both will be required to stop the market from beating the Dollar bearish