White House Government Agencies

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  • *Dollar falls below 113 yen. NEW YORK, Feb 17- The dollar fell against the yen on Wednesday after minutes of the Federal Reserve meeting in January showed the central bank's concern that global economic developments could pose a risk to the U.S. economic outlook. "The minutes are a more dovish tint to the Fed's language and, on balance, likely suggest a lower...

  • NEW YORK/ LONDON, Feb 17- Gold held onto earlier gains and snapped three days of losses on Wednesday, after minutes of the U.S. "We believe that the Fed won't be able to raise rates until later in the year and even then the central bank will only be able to raise rates twice, a path that is still more aggressive than what the market has priced in," said Royce Mendes, director...

  • FBI orders Apple to hack San Bernardino shooter's iPhone

    The ruling requires the tech company to supply highly specialized software to the FBI.

  • LONDON, Feb 17- The U.S. Food and Drug Administration has granted breakthrough therapy designation to AstraZeneca's biggest new drug hope durvalumab as a treatment in bladder cancer, the drugmaker said on Wednesday. The experimental medicine is a so-called PD-L1 therapy that fights cancer by boosting the immune system. Breakthrough therapy designation...

  • Waterville, ME, Feb 16- The Federal Reserve should be "unhurried" as it considers when to again raise interest rates given problems overseas and financial market volatility that will likely dampen already low U.S. inflation, a top Fed policymaker said on Tuesday. Going a step further than cautious comments he made last month, Boston Fed President Eric Rosengren...

  • WASHINGTON, Feb 16- The U.S. Food and Drug Administration recommended on Tuesday that blood should no longer be collected from regions where the Zika virus is circulating, and that blood needed for transfusions be obtained from areas of the country without active transmission. The agency said blood banks can continue collecting and preparing platelets and...

  • NEWARK, Del., Feb 16- The Federal Reserve may be wise to await more evidence of higher U.S. inflation before raising interest rates for a second time, a new Fed official said on Tuesday, urging, at least temporarily, a "conservative" approach to setting policy. Patrick Harker, who became president of the Philadelphia Fed in mid-2015 but had since kept his views fairly...

  • Feb 16- The U.S. Food and Drug Administration has expanded the use of Gilead Sciences Inc's blockbuster drug Harvoni to some hepatitis C patients in the advanced stage of cirrhosis, including those who have undergone liver transplant. AbbVie Inc had identified cases of hepatic decompensation and liver failure in patients with liver cirrhosis who were taking...

  • Attorney General Loretta Lynch

    A Supreme Court analyst thinks Attorney General Loretta Lynch is the "likely candidate" to replace the late Justice Antonin Scalia.

  • BRUSSELS- European Central Bank President Mario Draghi speaks at the European Parliament- 1400 GMT. TUESDAY, FEBRUARY 16 WASHINGTON- Minneapolis Federal Reserve Bank President Kashkari speaks at Brookings Institution- 1530 GMT. NEWARK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the 2016 Economic...

  • January retail sales number suggests U.S. economic strength. NEW YORK, Feb 12- The dollar rose on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, supporting the possibility the Federal Reserve will continue to raise interest rates as other central banks ease policy. On Friday, the dollar rose 0.75 percent to 113.26...

  • Speculators in four major NYMEX and ICE markets decreased their bearish bets by 21,285 contracts to 24,277 in the week to Feb. 9, the U.S. Commodity Futures Trading Commission said on Friday. Gas futures averaged $2.06 during the five trading days ended Feb. 9, compared with $2.17 during the prior week ended Feb. 2. Looking forward, gas futures are higher, fetching...

  • WASHINGTON, Feb 12- A recent tightening of credit for U.S. companies is threatening to undermine economic growth, making it less likely the Federal Reserve will raise interest rates anytime soon. Fed Chair Janet Yellen said this week it was still too soon for the central bank to change its view that rate hikes are needed, a position supported by a still-robust pace...

  • Speculators in four major NYMEX and ICE markets decreased their bearish bets by 21,285 contracts to 24,277 in the week to Feb. 9, the U.S. Commodity Futures Trading Commission said on Friday.

  • London, Feb 12- Copper gained on Friday along with oil and shares after upbeat U.S. data offered hope of a rebound in economic growth, but metals investors were on edge ahead of the reopening of Chinese markets next week. Federal Reserve raising interest rates despite signs of an economic slowdown in the United States. However, Fed Chair Janet Yellen on Thursday...

  • NEW YORK, Feb 12- The dollar rose on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, supporting the possibility of the Federal Reserve continuing to raise interest rates this year. Retail sales excluding automobiles, gasoline, building materials and food services increased 0.6 percent last month, according to a...

  • NEW YORK, Feb 12- The dollar rose against a basket of major currencies on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, backing the possibility of the Federal Reserve continuing to raise interest rates this year. "The print is suggestive of the idea that Janet Yellen is right and most of the is right in not being overly...

  • MEXICO CITY, Feb 11- A global selloff of riskier assets drove the Mexican peso to a record low on Thursday, spurring bets that the central bank of Latin America's No. 2 economy could hike interest rates ahead of the United States. Both Mexico and Colombia are major crude producers, but Mexico depends much less on oil exports as it ships mostly factory-made goods.

  • CHICAGO, Feb 11- Demand for bank loans, loan extensions and renewals is surging among U.S. farmers, and farm incomes are forecast to fall for a third year, as grain and livestock prices remain stubbornly low, according to reports from Federal Reserve Banks on Thursday. Access to such credit tightened in the fourth quarter, and is expected to continue to be squeezed in...

  • NEW YORK, Feb 11- Jeffrey Gundlach, the co-founder and chief executive officer of DoubleLine Capital, said on Thursday that gold prices are likely to reach $1400 an ounce as investors lose faith in central banks. Federal Reserve Chair Janet Yellen suggested the U.S. central bank could turn to negative interest rates in an economic downturn despite legal and...