New Federal Reserve chief Janet Yellen is expected to stick to the game plan when she chairs her first monetary policy meeting this week, further cutting back economic stimulus. But, six weeks after inheriting Ben Bernanke's mantle, she is also under the gun to make a pivot in the way the Fed has been signaling its intentions. Handled well, that delicate shift in how the Fed foreshadows an eventual rate hike could assuage markets. But communicated badly, it could result in volatile movements and leave the new Fed chief on the back foot.
Prime Minister Robert Fico and millionaire-philanthropist Andrej Kiska will face off on March 29, in the second round of Slovakia's presidential election after clinching the top two spots in voting on Saturday. Fico scored 28 percent of the vote in round one compared to Kiska's 24 percent, the SME newspaper reported, based on complete results from the election commission. "Fico is the winner on paper but Kiska is the real winner here," Marian Lesko, a Bratislava-based analyst said, adding that round two "will be a referendum on Fico." A win for the popular Fico, a 49-year-old ex-communist, would mean the presidency, parliament and government will be controlled by the same party for the first time since Slovakia won independence in 1993.