Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Fed minutes for November due at 1900 GMT U.S. Thanksgiving public holiday on Thursday Stock eke out slim gains globally Euro zone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares churned on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light … Read more

Britain’s NICE recommends against NHS use of 5 COVID treatments as not cost-effective

Britain’s NICE recommends against NHS use of 5 COVID treatments as not cost-effective

LONDON, Nov 16 (Reuters) – Britain’s agency that determines if medicines should be used in the National Health Service (NHS), has recommended stopping the use of five COVID-19 treatments, including Merck & Co’s (MRK.N)’s antiviral pill for high-risk patients, citing cost-effectiveness concerns. The review, conducted by the National Institute for Health and Care Excellence (NICE) … Read more

Roche’s Alzheimer’s drug fails to meet goal in long awaited trial

Roche’s Alzheimer’s drug fails to meet goal in long awaited trial

Trials show small benefit, but without statistical validity Roche’s setback leaves Biogen, Eisai as leaders in the field Onus on Roche CEO-designate to revive development fortunes Roche shares down 3.4%, development partner Morphosys down 29% Nov 14 (Reuters) – Roche’s (ROG.S) Alzheimer’s drug candidate could not be shown to slow dementia progression in two drug … Read more

Glencore employees moved bribes cash by private jet, London court told

Glencore employees moved bribes cash by private jet, London court told

LONDON, Nov 2 (Reuters) – Employees and agents of a British subsidiary of mining and trading group Glencore (GLEN.L) used private jets to transfer cash to pay bribes to oil officials in West Africa, prosecutors told a London court on Wednesday. Glencore Energy UK Limited paid – or failed to prevent the payment of – … Read more

Kremlin: Considering ‘further steps’ over allegation Britain attacked Nord Stream gas pipelines

Kremlin: Considering ‘further steps’ over allegation Britain attacked Nord Stream gas pipelines

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 1 (Reuters) – Russia said on Tuesday it was considering what “further steps” to take in connection with its allegation that Britain was responsible for an attack on the Nord Stream undersea gas pipelines. Russia’s defence … Read more

European stocks hit six-week high on hopes for rate hike slowdown

European stocks hit six-week high on hopes for rate hike slowdown

LONDON, Nov 1 (Reuters) – European stocks rose on Tuesday and the positive market sentiment was set to continue on Wall Street, supported by speculation among investors that central banks could come to the end of their rate-hiking cycles. Following mild losses on Wall Street on Monday, Asian shares strengthened on Tuesday and European shares … Read more

Credit Suisse seeks billions from investors in make-or-break overhaul

Credit Suisse seeks billions from investors in make-or-break overhaul

ZURICH, Oct 27 (Reuters) – Credit Suisse plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and shift its focus from investment banking towards its rich clients, as the bank attempts to put years of scandals behind it. The Swiss lender outlined on Thursday what its chairman Axel Lehmann … Read more

European stocks up as investors see signs Fed could slow rate rises

European stocks up as investors see signs Fed could slow rate rises

LONDON, Oct 25 (Reuters) – European stocks rose in early trading on Tuesday, as investors took confidence from signs that the U.S. Federal Reserve could slow down its rate increases, although concern about China’s economy still weighed on Asian markets. Asian equities struggled to make gains due to uncertainty over whether Xi Jinping’s new leadership … Read more

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

NEW YORK, Oct 21 (Reuters) – The U.S. dollar tumbled against the yen on Friday, logging its biggest daily drop against the Japanese currency in more than two months as traders and strategists said Japanese authorities may be in the market to stem a slide in their battered currency. The yen rose as high as … Read more

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

Dollar sinks vs yen, BOJ intervention suspected ahead of weekend

NEW YORK, Oct 21 (Reuters) – The U.S. dollar tumbled against the yen on Friday, logging its biggest daily drop against the Japanese currency in more than two months as traders and strategists said Japanese authorities may be in the market to stem a slide in their battered currency. The yen rose as high as … Read more