BIS: Central banks warned of 'false sense of security'

The Bank for International Settlements (BIS) has warned that ultra-low interest rates have lulled governments and markets "into a false sense of security".

China, India to lead 2013 global growth: Report

NEW YORK: Emerging economies will lead growth in 2013 as the global economic outlook remains challenged by the eurozone's debt crisis and high unemployment in the United States, according to a report released on Wednesday.

UN Security Council visits Haiti to review mandate

PORT-AU-PRINCE, Haiti (AP) — The U.N. Security Council began a four-day mission in Haiti on Monday to review the terms of its mandate and evaluate earthquake reconstruction efforts in the Caribbean country.

US wants India to serve as ‘economic anchor’ in Asia

WASHINGTON: With a long term strategic partnership with India, the US wants to support its ability to serve as an “economic anchor” in the Asia Pacific region where it is already driving economic development along with another giant China, a top US commander has said.

More Fed easing "gives me pause": Kocherlakota

(Reuters) - Minneapolis Federal Reserve Bank President Narayana Kocherlakota on Tuesday said the idea of more Fed easing in the face of higher long-term unemployment "gives me pause."