Sensex sheds 436 pts on profit booking in bank, oil shares

Stock markets closed lower for the second straight day on Tuesday, with benchmark BSE Sensex declining by 436 points as investors booked profit ahead of the US Federal Reserve's policy decision.......

World central bank policymakers change gears

The Federal Reserve's gradual exit plan from printing money has shifted the world's central bank landscape and thrown financial markets into a spin. The US central bank has pumped $85 billion a......

How Wall Street created the Federal Reserve

In 1910 the who's who of Wall Street met in total secrecy in an American town to work towards the first draft of the bill that would finally give the United States a central bank. The clock had......

From heroes to bystanders? Central banks' growth challenge

By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence Central bankers who led the charge......