LAKSH Career Academy

LAKSH Career Academy
Author: Hiren Dave

Monday, 30 December 2013

30 December 2013

Ø  At least 15 people were killed and twice as many wounded in a suicide bomb attack in a southern Russian city railway station in Volgograd, half way between Moscow and Sochi, which will host Winter Olympic Games six weeks from now.
Ø  In a long awaited decision, the U.S. Federal Reserve recently announced the commencement of the tapering of its massive asset purchase program, widely known as quantitative easing (QE). Till now, through successive enhancements to its bond buying program, known as QE1, QE2 and QE3, the Fed had committed to buy $85 billion of treasury and mortgage securities every month. The latest move reduces such purchases by $10 billion to $75 billion.

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