Economy

The US Federal Reserve has raised interest rates by 0.25 percentage points - its first increase since 2006. The move takes the range of rates banks offer to lend to each other overnight - the Federal Funds rate - to between 0.25% and 0.5%.

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The US Federal Reserve has cut its growth forecast for 2014 because of the harsh winter weather. The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% to 3%. However in its accompanying statement, the bank said that economic activity had "rebounded in recent months".

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(Reuters) - The Bank of England kept interest rates unchanged on Thursday, seeking to give the economy more time to build before removing its stimulus.

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Facebook has bought messaging app WhatsApp in a deal worth a total of $19bn (£11.4bn) in cash and shares. It is the social networking giant's biggest acquisition to date.

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SEOUL/WASHINGTON (Reuters) - North Korea's leader has delayed a decision on firing missiles towards Guam while he watches U.S. actions a little longer, the North's state media said on Tuesday, as South Korea's president said Seoul would seek to prevent war by all means.

SEOUL/WASHINGTON (Reuters) - North Korea's leader has delayed a decision on firing missiles towards Guam while he watches U.S. actions a little longer, the North's state media said on Tuesday, as South Korea's president said Seoul would seek to prevent war by all means.

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