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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.
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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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