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The US Central Bank, the Federal Reserve is tofurther cut back the amount of money it pumps intothe financial markets. It’s said it would reduce itsbond purchases by a further 10 billion dollars.Here's our Economics correspondent AndrewWalker.

The statement from the Fed's main policy-makingcommittee referred to growing underlying strengthin the economy. So it's decided to make a secondreduction in its program of buying financial assets, a policy intended to stimulate a recovery.The expectation of that the Fed will gradually eliminate this quantitative easing as it's known,has led to investors buying US assets with money withdrawn from emerging markets whosecurrencies have come under heavy pressure. The strains could last for months or even yearsbefore Fed policies are back to what could be called normal.

The Ukrainian parliament has approved a law granting an amnesty to those detained duringrecent anti-government protests. The development followed suggestions from the Russiangovernment that bailout payments promised to Ukraine could be delayed until the formation ofa new government in Kiev. From Kiev, here's Steve Rosenberg.

The message from Moscow to Kiev was very clear. There'll be no more Russian bailout moneyuntil the Russian see who is in the new Ukrainian government and what direction it takes. At ameeting of the cabinet President Putin was advised by his ministers that the resignation ofPrime Minister Azarov had created new conditions. And that it would be sensible to wastebefore releasing further funds. The Kremlin didn't spell it out. But the suggestion is that ifUkraine's new government develops closer ties with Europe rather than with Russia, Moscow willhold on to its money.

The United Nations mediator Lakhdar Brahimmi said he doesn't expect any substantialprogress during the current round of Syrian peace talks in Geneva which end on Friday. He saidthere'd been no progress on negotiations to deliver aid to civilians under siege in the city ofHoms. Mr. Brahimi did say the ice had started to thaw between the delegations from the Syriangovernment and the opposition. But he acknowledged the gap was still quite large.

"I do not expect that we will achieve anything substantive. I am very happy that we are stilltalking, that the ice is breaking slowly. I did not expect, I'm not disappointed because I did notexpect any result this first time. This exactly what I thought we would do is just talk to oneanother and also agree that we will continue talking to one another."

Egyptian authorities say they are referring 20 journalists to a criminal court on charges ofspreading false news or aiding members of a terrorist organization believed to refer to theMuslim Brotherhood. The authorities say the journalists are connected with the Pan-Arabtelevision network al-Jazeera.

World News from the BBC

The BBC has obtained documents from official sources in Pakistan suggesting the Britishprosecutors have asked Pakistan to trace two individuals suspected of involvement in themurder of a Pakistani politician in Britain more than three years ago. According to thedocuments, British counter-terrorism police have identified Mohsin AliSyed and MohammedKashif Khan Kamran are suspects in the killing of Imran Farooq. The senior official in the MQMparty was stabbed and beaten to death outside his home in north London in September 2010.It understood that Britain wants Pakistan to trace both suspects and obtain DNA samplesfrom them.

Researchers working on stem cells say they have made a major scientific discovery which mayhelp the development of personalized medical treatments. Scientists in Japan have showedstem cells could be made just by dipping blood cells into acid. James Gallagher reports.

Stem cells are one of the great hopes of medicine as they can become any type of tissue. Sothey might be out to heal a damaged heart or restore sights of the blind. But taking stem cellsfrom embryos is ethically charged. Meanwhile attempts to genetically alter a patient's own skinto make stem cells is expensive, time-consuming and has safety concerns. Now a study showsblood cells can be shocked with acid until rapidly becoming stem cells. Experts say the technique could be a cheaper, faster and safer route to stem cells and could begin an age of personalized medicine.

Police in Russia say a drunken row over the respected merits of poetry and prose has ended with a man stabbing his friend to death. The two were drinking heavily in a flat in the city of Irbitin the Ural Mountains when the host allegedly said prose was the only real literature.Investigators say his poetry-loving guest, a former teacher, ended up stabbing a man beforerunning away and later confessing to the crime.

BBC News.