A roundup of news in finance, economics and business from around the world:
WASHINGTON - The Federal Reserve has kept its stimulus program for the US economy locked in place, saying that unemployment remains high and growth is still being held back by government spending cuts.
WASHINGTON - The Federal Reserve has kept its stimulus program for the US economy unchanged and given no hint as to when it might begin reeling in its $US85 billion ($A90.07 billion) a month bond purchases.
WASHINGTON - The Federal Reserve has trimmed its growth forecast for 2013 slightly and slashed its inflation outlook, suggesting it saw little threat to prices from its ongoing easy-money program.
MADRID - Spain's biting recession may end soon but the outlook is tough and Madrid must do more to battle the country's unacceptably high unemployment rate, the IMF has warned.
PARIS - Telecom equipment maker Alcatel-Lucent has announced a radical new strategy to climb out of years of crisis with cost cutting, asset sales and a restructuring of debt.
LONDON - Britain's Supreme Court has quashed sanctions against an Iranian bank penalised over its alleged links to Iran's nuclear weapons program, saying that Bank Mellat had been arbitrarily singled out.
NEW YORK - Global package delivery giant FedEx has reported a seven per cent increase in quarterly profits, as increased volumes of some North American deliveries offset declines in some premium international services.
WELLINGTON - The New Zealand dollar fell to a week low as the Federal Reserve signalled an end to its quantitative easing program which has debased the greenback.
SYDNEY - The Australian dollar has plummeted to below 93 US cents after the US Federal Reserve announced its stimulus program could end in mid-2014.
SYDNEY - The Australian market looks set to open lower following sharp falls on Wall Street after Federal Reserve chairman Ben Bernanke said the central bank expects to taper its bond-buying stimulus measure later this year.
MELBOURNE - ANZ plans to sack about 600 Melbourne call centre staff and send their jobs overseas, the union says.
CANBERRA - Trade Minister Craig Emerson insists talks between Julia Gillard and Indonesian president Susilo Bambang Yudhoyono will be productive, even though both leaders are at the tail end of their leadership.
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