White House Government Agencies

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  • MUMBAI, Oct 28- The U.S. Food and Drug Administration warned Novartis AG last week after the Swiss firm was found in violation of manufacturing practices last year at two of its India drug-making plants, Novartis said. The warning, issued to Novartis's generic drugs unit Sandoz on Oct. 22, came after FDA officials inspected its Turbhe and Kalwa sites in western...

  • *Sterling steadies after marking 2- week low after soft UK GDP. LONDON, Oct 28- The Swedish crown recovered from an initial dip on Wednesday after Sweden's central bank expanded its asset purchase program but declined to cut interest rates, having already done so three times this year. That compares with the European Central Bank's 1.1 trillion euro bond-buying...

  • LONDON, Oct 28- European shares edged higher in early deals on Wednesday, buoyed by a new batch of company earnings reports before a Federal Reserve policy decision later in the day. Brewer Heineken rose 4.2 percent, the top FTSEurofirst 300 riser, after reporting strong sales in Europe and the Americas that came in above expectations. Volkswagen's sales figures...

  • European shares get results lift, with Fed in focus Wednesday, 28 Oct 2015 | 4:15 AM ET

    LONDON, Oct 28- European shares edged higher in early deals on Wednesday, buoyed by a fresh batch of company earnings reports ahead of a Federal Reserve policy decision later in the day. Brewer Heineken rose 3.9 percent, the top FTSEurofirst 300 riser, after reporting strong sales in Europe and the Americas that came in above expectations. Belgian pharmaceutical...

  • This is still the easiest place to do business Wednesday, 28 Oct 2015 | 4:03 AM ET
    Tourists take in a cable car take in the sights at Sentosa Island, Singapore

    Singapore kept its decade-long place at the top of the World Bank's rankings of the easiest place to do business, according to the latest survey.

  • *Gold up for second session. SINGAPORE, Oct 28- Gold rose for a second straight session on Wednesday, ahead of a Federal Reserve policy statement later in the day, as investors waited for clues on the timing of a U.S. rate hike. "We do not detect any real conviction that the Fed is likely to raise rates near term," said HSBC analyst James Steel, warning, however, that prices...

  • TOKYO, Oct 28- Japanese stocks were nudged higher by earnings-related news on Wednesday, although many investors remained on the sidelines ahead of the U.S. Federal Reserve's policy decision later in the day and a Bank of Japan review on Friday. The Nikkei share average ended 0.7 percent higher at 18,903.02.

  • *Sterling steadies after marking 2- week low after soft UK GDP. TOKYO, Oct 28- The dollar edged closer to a 2-1/ 2- month high against a basket of currencies on Wednesday as traders awaited clues from the Federal Reserve about the timing of a U.S. interest rate increase. "Heading in to the FOMC, it's fair to say that market consensus is that there will be no change, but if...

  • WASHINGTON, Oct 28- The Federal Reserve is expected to keep interest rates unchanged on Wednesday and may struggle to convince skeptical investors it can tighten monetary policy before the end of the year in the face of U.S. and global economic headwinds. The Fed is scheduled to announce its rate decision at 2 p.m. ET. A spate of dismal data on the U.S. and global...

  • Nikkei rises in light trade ahead of Fed, BOJ meetings Tuesday, 27 Oct 2015 | 10:52 PM ET

    TOKYO, Oct 28- Japanese stocks rose during light trading on Wednesday morning as earnings-related news nudged share prices higher, although many investors remained on the sidelines ahead of upcoming U.S. Federal Reserve and Bank of Japan meetings. The Fed meets Wednesday and the Bank of Japan on Friday, with investors on tenterhooks for news of potential rate...

  • TOKYO, Oct 28- Asian stocks slipped on Wednesday, taking cues from an overnight decline on Wall Street and capped by caution ahead of a policy statement from the U.S. "You have to say data like this coupled with what the banks have done recently with the tightening up in conditions must increase the risk of a move before year end," said Su-Lin Ong, a senior economist at...

  • METALS-London copper slips, demand worries drag Tuesday, 27 Oct 2015 | 9:55 PM ET

    MELBOURNE, Oct 28- London copper slipped on Wednesday with patchy economic indicators in the United States casting doubt over the strength of global economic growth ahead of the outcome of a Federal Reserve meeting later in the session. *Shanghai Futures Exchange copper erased early gains, slipping 0.2 percent to 39,030 yuan a tonne. *Global miner Southern...

  • SINGAPORE, Oct 28- Gold retained small overnight gains on Wednesday, but caution prevailed ahead of a Federal Reserve policy statement later in the session as investors waited for clues on the timing of a U.S. rate hike. *Spot gold was little changed at $1,165.81 an ounce by 0030 GMT. Fed Chair Janet Yellen has since said the bank would still increase rates this year,...

  • *Sterling near 2- week low after soft UK GDP. TOKYO, Oct 28- The dollar hovered just below its 2-1/ 2- month high against a basket of currencies on Wednesday as traders looked for more signs from the Federal Reserve that U.S. interest rates are on course to rise. None of these really support a rate hike, "said Masatoshi Omata, senior client manager of market trading at...

  • DIARY-Top Economic Events to Nov 7 Tuesday, 27 Oct 2015 | 8:01 PM ET

    WASHINGTON- International Monetary Fund Managing Director Christine Lagarde and U.S. economist Larry Summers discuss inequality- 2300 GMT. LONDON- Former Federal Reserve chief Ben Bernanke speaks at London School of Economics on his new book, "The Courage to Act: A Memoir of a Crisis and its Aftermath"- 1830 GMT. LONDON- Bank of England's Executive Director for...

  • Oct 27- The U.S. Federal Trade Commission is looking into whether Canadian drugmaker Valeant Pharmaceuticals International Inc illegally cornered the market for a component of a new type of contact lens, an industry source told Reuters. Valeant said on Monday it had received a letter from the FTC on or about Oct. 16 seeking more information about Valeant's...

  • Oct 27- The U.S. Food and Drug Administration said privately held laboratory operator Theranos had been shipping a blood testing device under a wrong classification that exempted the product from regulatory control. The FDA said the "uncleared medical device" was shipped across California, Arizona and Pennsylvania. So far, the healthcare startup has FDA...

  • Oct 27- U.S. health regulators on Tuesday approved Amgen Inc's novel cancer immunotherapy for injection into melanoma lesions and lymph nodes for patients with the deadliest form of skin cancer that returns after initial surgery. Amgen said it expects the average cost of Imlygic therapy to be about $65,000, and that it will be available to U.S. patients within a...

  • Oct 27- Amgen Inc said on Tuesday that the U.S. Food and Drug Administration approved its cancer immunotherapy, Imlygic, for use in patients with the most deadly type of skin cancer.

  • WASHINGTON, Oct 27- Further falls in America's jobless rate will lead inflation to start rising early next year, according to a forecast based on research Federal Reserve Chair Janet Yellen has cited as shaping her confidence a rate hike could be needed this year. Governor Lael Brainard said this month that the Phillips curve relationship was "at best, very weak...