White House Government Agencies

More

  • WASHINGTON, Jan 29- Democratic U.S. Senator Elizabeth Warren released on Friday a report criticizing what she called "shockingly weak" punishments for corporate crimes and condemned the Justice Department and Securities and Exchange Commission for their lax approach. Warren, a favorite among progressives, criticized the Justice Department and federal law...

  • SAN FRANCISCO- Federal Reserve Bank of San Francisco President John Williams participates in panel before the Commonwealth Club, Bank of America Merrill Lynch Walter E. Hoadley Annual Economic Forecast event- 2030 GMT. PRAGUE- European Commission Vice President Valdis Dombrovskis, Slovak Finance Minister Peter Kazimir, Czech central bank Governor...

  • WASHINGTON, Jan 28- Large financial firms will have to show how they would survive a "severely adverse scenario", including a global recession where U.S. unemployment shoots up to 10 percent and short-term U.S. "In adjusting the scenarios for our yearly stress testing program, we strive to assess the resilience of the nation's largest banks in a variety of...

  • NEW YORK, Jan 28- Crude oil prices rose on Thursday to their highest in three weeks on hopes for a pact among oil producers to cut output, while the dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested. The rebound in the oil market lifted share prices on Wall Street and other stock markets in another...

  • NEW YORK, Jan 28- The dollar fell broadly on Thursday as a plunge in U.S. durable goods orders supported the view of weakening U.S. growth due to softer global demand, which may cause the Federal Reserve to raise interest rates at a slower pace than it had previously signaled. The much weaker-than-expected reading in durable goods orders, which fell by the most since...

  • Jan 28- The U.S. Food and Drug Administration approved Eisai Co Ltd's drug derived from sea sponge for a rare type of soft tissue cancer which has no approved treatment so far. The drug, Halaven, was approved for use in patients who have undergone chemotherapy with drugs derived from a type of bacteria, the FDA said on Thursday. Halaven, derived from a marine sponge...

  • WASHINGTON, Jan 28- General Motors Co and two dealership companies, Jim Koons Management and Lithia Motors Inc, will settle allegations they advertised that they sold carefully inspected cars that in fact had unrepaired safety recalls, the Federal Trade Commission said on Thursday. GM paid more than $2 billion in total costs connected to its recall of older...

  • WASHINGTON, Jan 28- General Motors Co and two dealership companies, Jim Koons Management and Lithia Motors Inc, will settle allegations they advertised that they sold carefully inspected cars that in fact had unrepaired safety recalls, the Federal Trade Commission said on Thursday. GM paid more than $2 billion in total costs connected to its recall of older...

  • NEW YORK, Jan 28- Crude oil prices rose on Thursday to their highest in three weeks on hopes for a pact among oil producers to cut output, while the dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested. Wall Street indexes were mostly little changed after advancing earlier on a boost from the energy sector,...

  • SAO PAULO, Jan 28- Latin American currencies rallied on Thursday on a spike in oil prices and bets that the U.S. Federal Reserve may wait longer to increase interest rates due to global market volatility. Also boosting demand for riskier assets was a Fed policy statement on Wednesday that highlighted concerns about global markets, which have been hard hit by the...

  • *Aussie up almost 0.8 pct as oil tops $33. LONDON, Jan 28- Commodity-linked major currencies including the Australian and New Zealand dollars gained on Thursday as oil rose back above $33 a barrel to its highest levels in almost three weeks. "The kiwi clearly underperformed after the Reserve Bank meeting overnight," said Richard Benson, co-head of portfolio...

  • Nobuteru Ishihara named new Japan economy minister

    The former executive of the ruling Liberal Democratic Party is taking over as the country's economy minister.

  • *Aussie up almost 0.8 pct as oil tops $33. LONDON, Jan 28- Commodity-linked major currencies including the Australian and New Zealand dollars surged on Thursday as oil traded back above $33 a barrel, its highest levels in almost three weeks. "The kiwi clearly underperformed after the Reserve Bank meeting overnight," said Richard Benson, co-head of portfolio...

  • Jan 28- Neos Therapeutics Inc's drug to treat a common type of childhood behavioral disorder was approved by the U.S. Food and Drug Administration, making it the first of its kind to win U.S. approval. The disorder affects about 4.1 percent of American adults aged 18 years and older in a given year and 9 percent of children aged 13-18 years, according to the National...

  • MANILA, Jan 28- Gold held near its highest level since November early on Thursday after the Federal Reserve said it was closely eyeing the global economy amid weakness seen from China to Europe. *Spot gold was off 0.2 percent at $1,122.46 an ounce by 0041 GMT, not far below Wednesday's peak of $1,127.80, the highest since Nov. 3. * "Although the Fed's comments were not as...

  • SYDNEY, Jan 28- The U.S. dollar turned mixed on Thursday after the Federal Reserve offered little in the way of surprises, in contrast to New Zealand's central bank, which flung open the doors to a cut in rates and clipped the kiwi in the process. A firmer euro, which reached a one-week high of $1.0918, was the main drag on the index. It has since stepped back to 118.66 yen.

  • *U.S. central bank holds rates steady. WASHINGTON, Jan 27- The U.S. Wall Street fell after the statement, with the Standard& Poor's 500 index closing down more than 1 percent.

  • Jan 27- The Federal Reserve, in leaving rates on hold Wednesday, nodded to global ructions but doubled down on its bet that employment drives inflation. "The main surprise here was that the statement leads with strong labor market momentum before characterizing growth as having slowed," Barclays economist Michael Gapen wrote to clients. This has not only been...

  • *Fed holds rates unchanged, cites global, market developments. NEW YORK, Jan 27- Wall Street stocks and the dollar fell on Wednesday as the Federal Reserve held U.S. interest rates unchanged, as expected, and said it was closely monitoring global economic and financial developments. "The Fed did the right thing by not making any significant changes, if they did come...

  • Jan 27- Wall Street's top banks expect three interest rate increases by the Federal Reserve before the end of the year, according to a Reuters poll, in line with expectations early in January, before much of the turmoil that engulfed global markets this year. In a Jan. 8 Reuters poll, the median expectation was for year-end rates of 1 to 1.25 percent, implying three...