Economy
Fed to start tapering bond purchases this year: Bernanke
The Federal Reserve maintains its $85 billion-a-month asset purchase program, but says it could begin scaling back later this year.
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Tohoku Electric Power Co. plans to hike household electricity rates by around 11 percent on average from July, the first increase in 33 years, as its financial position has worsened amid ballooning fuel costs from thermal power generation, sources said. The utility may possibly ...