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White House Government Agencies

  • WASHINGTON, Nov 9- Global banking regulators would make a grave mistake if they eased capital rules for the world's largest lenders, a senior U.S. banking official said on Wednesday. Tom Hoenig, the vice chairman of the Federal Deposit Insurance Corporation, said higher capital levels may be needed to protect banks from a repeat of turmoil like that seen during...

  • *USDA raises corn, soy yield estimates. *USDA ending stocks estimates increase. In a monthly report, the USDA said farmers will grow 15.226 billion bushels of corn this year, with an average yield of 175.3 bushels an acre.

  • Nov 9- A stunning upset by Republican Donald Trump in the U.S. presidential election may have set off a few tremors in markets but the Federal Reserve is on course to raise interest rates next month, a Reuters poll of economists showed. "We think economic conditions and Fed rhetoric both point to going in December," said Jeremy Schwartz, economist at Credit Suisse in...

  • No more excuses for Republicans: Eric Cantor

    Eric Cantor, Moelis & Company, and George Mitchell, DLA Piper chair emeritus, weigh in on how a Republican majority will likely impact government programs. It would be smart for Trump to start on infrastructure because that's an area Democrats favor also, says Mitchell.

  • WASHINGTON, Nov 9- Donald Trump's victory in the U.S. presidential race throws into question the core assumption in global financial markets that the Federal Reserve will raise interest rates soon and follow with further gradual hikes over coming years. Market turmoil has stayed the Fed's hand in the past, including a Chinese stock market slump in 2015 and the...

  • WASHINGTON, Nov 9- Donald Trump's victory in the U.S. presidential race throws into question the core assumption in global financial markets that the Federal Reserve will raise interest rates soon and follow with further gradual hikes over coming years. Market turmoil has stayed the Fed's hand in the past, including a Chinese stock market slump in 2015 and the...

  • Singapore's financial district

    Singapore could have its first-ever elected Malay president next year, according to a proposed constitutional change.

  • In a press release, Grassley's office said the HHS Inspector General confirmed in discussions with Senate aides that the watchdog office notified the Centers for Medicare and Medicaid Services about the problematic classification, which was highlighted in a report. A Justice Department spokeswoman declined to comment to Reuters on the purported...

  • NEW YORK, Nov 8- U.S. lawmakers should take advantage of low interest rates by making infrastructure investments and encouraging innovations that boost productivity, a Federal Reserve policymaker said on Tuesday as Americans voted in a presidential election. The Fed, which is expected to raise rates before year end, has occasionally emerged as an issue in the...

  • NEW YORK, Nov 8- U.S. lawmakers should take advantage of low interest rates by making infrastructure investments and encouraging innovations that boost productivity, a Federal Reserve policymaker said on Tuesday as Americans voted in a presidential election. The Fed, which is expected to raise rates before year end, has occasionally emerged as an issue in the...

  • Nov 8- A London- based trader has been extradited to the United States to face federal charges related to his alleged role in the 2010 Wall Street "flash crash," the U.S. Justice Department said on Tuesday. Navinder Sarao, 37, who traded on the Chicago Mercantile Exchange from his parents' home near London's Heathrow Airport, is scheduled to appear in federal court in...

  • Mylan EpiPen

    A U.S. Senate committee urged regulators to launch a probe into whether EpiPen maker Mylan broke the law by preventing schools from purchasing competing allergy treatments.

  • *Bangladesh looks to recover rest of $81 mln- official. Nov 8- A Bangladesh central bank team arrived in Manila on Monday to work on moving back part of the $81 million stolen from its account in the New York Federal Reserve in February and sent to the Philippines, a Bangladeshi official said. A Philippine court in September adjudged that Bangladesh Bank was the...

  • WASHINGTON, Nov 7- Valeant Pharmaceuticals, which owns eye care products maker Bausch& Lomb, has agreed to sell Paragon Holdings to settle allegations that its acquisition of the smaller company was illegal under antitrust law, the Federal Trade Commission said on Monday. Laval, Quebec- based Valeant has seen its stock price plunge since mid-2015 amid criticism...

  • WASHINGTON, Nov 7- The U.S. Senate Judiciary Committee urged federal antitrust regulators on Monday to launch a probe into whether EpiPen maker Mylan NV broke the law by preventing schools from purchasing competing allergy treatments. The bipartisan request to the Federal Trade Commission by Senate Judiciary Chairman Charles Grassley and Ranking Member...

  • The bipartisan request to the Federal Trade Commission by Senate Judiciary Chairman Charles Grassley and Ranking Member Patrick Leahy comes just a few weeks before the committee is slated to convene a hearing to scrutinize a pending $465 million settlement that Mylan has said will resolve claims it underpaid rebates to state and federal Medicaid...

  • WASHINGTON, Nov 7- Valeant Pharmaceuticals, which owns Bausch& Lomb, has agreed to sell Paragon Holdings to settle allegations that its acquisition of the smaller company was illegal under antitrust law, the Federal Trade Commission said on Monday. The business will be sold to a new company, Paragon Companies LLC, headed by Paragon's former president.

  • WASHINGTON, Nov 7- Valeant Pharmaceuticals, which owns Bausch& Lomb, has agreed to sell Paragon Holdings to settle allegations that its acquisition of the company was illegal under antitrust law, the Federal Trade Commission said on Monday. The FTC said that Bausch& Lomb and Paragon together made more than 70 percent of three kinds of polymer discs used to make...

  • The U.S. agency will not confirm the agreement's existence, while the Chinese company has pictures of an apparent deal signing.

  • *OPEC poses downside risk if it fails to reach output deal. Growing demand for the $1.2 trillion U.S. Treasury Inflation Protected Securities sector is also underpinned by remarks from Federal Reserve Chair Janet Yellen in October on managing a "high-pressure economy," which gave rise to the view the U.S. central bank would allow inflation to run above its 2...