Source Pravda.Ru

US Federal Reserve to raise the federal funds rate

&to=http:// english.pravda.ru/main/18/89/358/14730_dollar.html ' target=_blank>Federal Reserve policymakers lifted a key short-term interest rate as expected, by a quarter-point to 2.50 percent, while maintaining a posture that suggests more "measured" rate hikes.

The Federal Open Market Committee voted unanimously to raise the federal funds rate in the sixth consecutive quarter-point increase from the &to=http:// english.pravda.ru/comp/2003/03/06/44103.html ' target=_blank>central bank. But the panel said that the federal funds rate -- the main rate used for interbank loans -- remains stimulative, or "accommodative," in the language of economists, writes the Turkish Press.

An explosion of household gas occurred in a nine-storeyed apartment building in the city of Shakhty, the Rostov region of Russia. The blast destroyed two storeys of the building

Another apartment building explodes in Russia. Several people killed

An explosion of household gas occurred in a nine-storeyed apartment building in the city of Shakhty, the Rostov region of Russia. The blast destroyed two storeys of the building

Another apartment building explodes in Russia. Several people killed