White House Government Agencies

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  • TOKYO, Nov 11- Japanese banks are facing a sharp jump in dollar-funding costs and a blow to their investment returns as the Federal Reserve's plan to raise interest rates puts paid to an era of cheap dollars. Last week's strong U.S. employment data has increased the likelihood of the Fed raising rates at its Dec. 15-16 meeting and that has pushed yen-dollar swap...

  • WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard speaks before the Cato Institute 33rd Annual Monetary Conference, "Rethinking Monetary Policy"- 1405 GMT. WASHINGTON- Federal Reserve Bank of Richmond President Jeffrey Lacker and Bank of Mexico Deputy Governor Manuel Sanchez participate in "Panel 1: What Monetary Policy Can and Can't Do"...

  • LONDON, Nov 12- A world getting comfortable again with high debt but few defaults looks set for a rude awakening next year- and not just in the United States. As the Federal Reserve prepares to jack up interest rates next month and the dollar climbs again, anxiety over an alarming accumulation of corporate and household debt in emerging economies from China to...

  • LONDON, Nov 11- An interest rate rise from the U.S. As if that's not enough, the European Central Bank is widely expected to move in the opposite direction only a few days earlier, unleashing another wave of stimulus to steer the world's second largest economic bloc away from deflation. Corporate bond market activity across Europe shows a similar pattern,...

  • MILWAUKEE, Nov 10- Several Republican presidential candidates on Tuesday accused the Federal Reserve of keeping U.S. interest rates low for political reasons, and one called for replacing Fed Chair Janet Yellen. "The Fed should be audited and the Fed should stop playing politics with our money supply," New Jersey Governor Chris Christie said in the "undercard"...

  • WASHINGTON, Nov 10- Several Republican presidential candidates accused the Federal Reserve of keeping U.S. interest rates low for political reasons and one called for replacing Janet Yellen. "The Fed should be audited and the Fed should stop playing politics with our money supply," New Jersey Governor Chris Christie said. The comments came in the "undercard"...

  • *Wall Street stocks end mixed; S&P 500 up slightly. NEW YORK, Nov 10- The U.S. dollar index touched its highest since April on Tuesday on growing expectations the Federal Reserve will raise interest rates next month, while U.S. stocks ended up after a late-session bounce. Oil prices ended higher, rebounding after the International Energy Agency estimated...

  • NEW YORK, Nov 10- The dollar climbed on Tuesday to touch a 6-1/ 2- month high against the euro and a seven-month peak against the Swiss franc, propelled by expectations of divergent interest rate moves from the Federal Reserve and European Central Bank. Bullish bets on the dollar have grown as an improving economy have bolstered expectations the Fed would raise...

  • NEW YORK, Nov 10 (Reuters)- The dollar hit a seven-month high against the euro on Tuesday on growing expectations the Federal Reserve will raise U.S. interest rates next month, while world stock indexes dipped as persistent global growth concerns weighed on sentiment. The S&P 500 turned higher in U.S. afternoon trading, helped by gains in General Electric shares,...

  • Stockholm- based Swedish Match can sell eight new products of a smokeless tobacco known as "snus" under its "General" brand, the FDA said on Tuesday. The FDA's ruling allows Swedish Match to sell the products. To make that claim the company needs separate approval from the FDA.

  • Nov 10- Appeals to reform the "culture" of banking, most recently by New York Federal Reserve President William Dudley, amount to an abrogation of responsibility and a counsel of despair. Kicking off a closed-door, yes closed-door, meeting of regulators and bankers on cleaning up finance in New York last week, Dudley argued that "context largely drives conduct"...

  • *Apple falls as Credit Suisse reports components order cut. *China faces persisting deflationary pressure in Oct. Nov 10- U.S. stocks were lower on Tuesday, dragged down by Apple, as investors braced for an interest rate hike by the Federal Reserve next month and worried about weakening demand in China.

  • LONDON, Nov 10- Euro zone government bond yields fell across the board on Tuesday, on growing expectations that the European Central Bank will cut its deposit rate next month just as the U.S. Federal Reserve looks likely to hike. But now "we have had this story which suggests a big deposit rate cut seems to be what is most in mind," said Owen Callan, senior analyst at...

  • NEW YORK, Nov 10- World stock indexes edged lower on Tuesday on more concerns about global growth, while the dollar hit a seven-month high on growing expectations the Federal Reserve will raise rates next month. Oil prices bounced back after the International Energy Agency noted unprecedented declines in investment. "People are a little nervous because the...

  • LONDON, Nov 10- Germany's KBA motor authority does not regard the use of software in Volkswagen's 3.0- litre V6 diesel engines, which U.S. officials have said was used to cheat air pollution tests, as "problematic", VW's boss in Britain said on Tuesday. Last week, the U.S. Environmental Protection Agency said Volkswagen used devices to cheat the tests in its mostly...

  • *Wheat rebounds from two-week low. Soybeans were unchanged, despite an ongoing strike in Brazil that threatens to delay exports, while corn edged higher, coming just off a near two-month low. "Whatever the USDA comes out with, we are still expecting supply to be very comfortable."

  • CHICAGO- Federal Reserve Bank of Chicago President Charles Evans speaks at Chicago Booth School's Initiative on Global Markets, "The $13 Trillion Question: Managing the U.S. Government's Debt"- 1930 GMT. BRUSSELS- European Parliament exchanges views with European Central Bank President Mario Draghi- 0830 GMT. BERLIN- European Central Bank Executive Board...

  • In its letter, posted on Monday, the agency said it was unable to identify any FDA clearance for the company's test. In a statement sent to Reuters last week, FDA spokesman Eric Pahon said the FDA believes that "certain types of tests are being appropriately offered through the DTC model, but others may need to demonstrate that they are safe and effective and that...

  • CHICAGO, Nov 9- The U.S. Food and Drug Administration sent a warning letter to privately held gene testing company DNA4Life over its sale of an unapproved direct-to-consumer gene test to predict drug response. In its letter, posted on Monday, the agency said it was unable to identify any FDA clearance for the company's test. DNA4Life told Reuters in an earlier...

  • Nov 9- The European Central Bank will not cut its deposit rate further into negative territory at its December monetary policy meeting, according to the vast majority of traders polled by Reuters on Monday. Federal Reserve will hike rates in December, 18 of 21 respondents said the ECB would not cut the deposit rate to try to boost inflation, something its...