Russia's central bank on Friday said it would raise its interest rates to 9.5 percent from 8 percent, as Western sanctions and falling oil prices sent the ruble plunging. "The board of directors of the Bank of Russia on October 31 took a decision to raise the key interest rate to 9.50 percent," the central bank said in a statement.
LONDON (AP) — Just in time for Halloween, J.K. Rowling has given fans a glimpse of what makes a wicked witch tick.
Eurozone inflation edged up to 0.4 percent from multi-year lows while unemployment was little changed, official data showed Friday, providing only limited reassurance that a modest economic recovery remains on track. Analysts said the figures were far from encouraging, with the European Central Bank likely to come under additional pressure from anxious governments to do more to get the economy moving again. The unemployment rate in September came in at 11.5 percent, unchanged compared with August and July. The inflation figure remains far below the 2.0 percent target set by the ECB, whose core mission is to ensure price stability.