icion of conspiring to hack phones, http://www.cheaptomsshoessalei.com - cheaptomsshoessalei.com . The new regulator is intended to fix some of the Press Complaints Commission's weaknesses. Newspaper editors would lose their veto over appointments to the watchdog and outside groups could make complaints. An insider's guide to politics and policy, available on the iPad or as a PDF download.
NEW YORK (AP) Stocks are closing moderately lower on Wall Street as investors worried that a controversial proposal to seize money from depositors in Cyprus could set off another bout of anxiety over Europe's shared currency. The Dow Jones industrial average fell 62 points, or 0.4 percent, to 14,452 Monday. It had plunged as much as 110 points in the early going, briefly turned positive in the afternoon then fell back again in the last hour of trading. The Standard Poor's 500 fell eight points, http://www.tomsoutletsalecheap.com - cheap toms , or 0.6 percent, to 1,552. The Nasdaq composite dropped 11 points, or 0.4 percent, to 3,237. European markets also declined. Three stocks fell for every two that rose on the New York Stock Exchange. Volume was 3.1 billion shares, lighter than average. Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. An insider's guide to politics and policy, available on the iPad or as a PDF download, http://www.tomsoutletsalecheap.com - tomsoutletsalecheap.com .
By KAY JOHNSON, Associated Press MUMBAI, India (AP) India's central bank lowered its key interest rate by a quarter percentage point Tuesday as it tries to revive stalled growth in Asia's third-largest economy. The announcement was overshadowed by India's minority government losing a coalition partner. In making its second rate cut in three months, the Reserve Bank of India cited the weakest economic growth in 15 quarters as outweighing inflation fears. High prices, especially for food, still remain a concern and could limit the bank's scope to reduce the rate much below its current 7.5 percent. "Growth has decelerated significantly, even as inflation remains at a level (that) is not conducive for sustained economic growth," the central bank said in a statement. The bank's move was eclipsed by the already shaky coalition government losing the support of a key ally. That could add to government instability and delay economic and financial reforms needed to boost growth. The Sensex stock index was down 1 percent. The government earlier this month estimated the economy grew 4.5 percent in the October-December quarter, down sharply from growth rates near 10 percent earlier in the decade. While wholesale inflation has been hovering near three-year lows in recent months, the retail consumer price index hit a high of 10.9 percent in February, mostly due to soaring prices for cereals and meat. The two figures mean the bank is balancing conflicting goals of keeping price increases under control while lowering interest rates to encourage consumer spending and business investment. Analysts say that even with the recent cuts, lending rates may still be too high to prompt businesses to borrow. The central bank also on Tu
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