Russia raises rates in move seen as arming for sanctions

(Reuters) - The Russian central bank unexpectedly raised interest rates on Friday, apparently preparing for possible further Western sanctions over Ukraine that could speed up capital flight from Moscow's already battered markets.

US economy grew 2.4% in fourth quarter

Washington (AFP) - The US economy grew more slowly late last year than previously thought, but there was enough vigor that the Federal Reserve will likely continue reducing its stimulus program, analysts said.

UK manufacturing expands at fastest pace in three years

Manufacturing returned to form in November as the sector steamed ahead with the fastest growth in nearly three years, following two months in which the pace of expansion slowed.