White House Government Agencies

  • May 27- U.S. stock index futures were little changed on Friday as cautious investors braced for a speech by Federal Reserve Chair Janet Yellen and the second reading of gross domestic product data for the first quarter. *Yellen is due to speak at an event hosted by Harvard University at 1:15 p.m. ET. *The Fed next meets on June 14-15.

  • LONDON, May 27- Gold steadied off an eight-week low on Friday, but remained on track for a fourth straight weekly drop as growing speculation that the Federal Reserve will press ahead with interest rate hikes hurt investor demand. Spot gold was at $1,219.64 an ounce at 0930 GMT, little changed from late on Thursday but off an earlier low of $1,211.30.

  • *Sees value in investment grade corporate bonds in US, Europe. TOKYO, May 27- Even though the Federal Reserve is expected to raise interest rates, long-term U.S. bond yields are unlikely to rise due to China's slowdown and negative rates in Japan and Europe, the top fund manager of Invesco Ltd's $240 bln global bond funds said. Gregory McGreevey, Atlanta- based CEO of...

  • SYDNEY/ SINGAPORE, May 27- The dollar stayed in consolidation mode on Friday after its rally to two-month highs ran out of steam with bulls looking for fresh guidance from the head of the U.S. central bank. If it's all kind of planned or if it's just individual members speaking, "said Jesper Bargmann, head of trading for Nordea Bank in Singapore, referring to the Fed...

  • SHANGHAI, May 27- The yuan came off early highs on Friday amid robust corporate demand for dollars and as traders awaited a speech by Federal Reserve Chair Janet Yellen later in the day for more clues on the timing of the next U.S. interest rate hike. "Corporations were rushing to buy dollars this morning as they are afraid the yuan might weaken further," said a trader...

  • May 26- Here is a short recipe: Take a weakening service sector, contracting corporate profits and capital expenditure, add a Federal Reserve rate hike and stand well back. "Depending on the incoming data and the evolving risks, another rate increase may be appropriate fairly soon," Federal Reserve Governor Jerome Powell said on Thursday, becoming the latest to...

  • MEXICO CITY, May 26- Latin American currencies strengthened on Thursday after weak U.S. data on business spending plans dampened expectations for a Federal Reserve interest rate increase in the coming months. Mexico's peso has shed nearly 7.0 percent in May, the second worst performer among the 36- most traded currencies, behind the South African rand.

  • OTTAWA, May 26- Canada, which has repeatedly put off a decision on replacing its aging CF-18 fighter jets, could be in a position to order a fleet of new planes by 2020, the defense department said on Thursday. In a guide to defense firms posted online, the Department of National Defence said it hoped to award the contract between 2018 and 2020 and said the final jets...

  • May 26- The first-ever implant to fight addiction to opioids, a class of drugs that includes prescription painkillers and heroin, was approved by the U.S. Food and Drug Administration on Thursday. Evidence suggests that the use of these medicines as part of the overall treatment program are more effective than short-term detoxification programs aimed at...

  • May 26- The first-ever implant to fight addiction to opioids, a class of drugs that includes prescription painkillers and heroin, was approved by the U.S. Food and Drug Administration on Thursday. The matchstick-sized implant, developed by Titan Pharmaceuticals Inc and privately owned Braeburn Pharmaceuticals, is by design less susceptible to abuse or the...

  • Federal Reserve Governor Jerome Powell, a voting member of the U.S. central bank's rate-setting committee, said in a speech in Washington that he felt the economy was on a "solid footing" and within reach of the Fed's inflation and employment goals. But he added that the uncertainty surrounding Britain's June 23 referendum on whether to leave the European Union...

  • NEW YORK/ LONDON, May 26- Gold lost its early gains on Thursday, hovering just above the prior session's seven-week low as the U.S. was bolstered by hawkish comments from a Federal Reserve president. A U.S. rate hike may come "fairly soon" if data confirm the economy is continuing to grow and labor markets are still tightening, said Federal Reserve Governor Jerome...

  • Federal Reserve Governor Jerome Powell said on Thursday he does not see Britain's June 23 vote on whether to leave the European Union as a systemic risk, but added that it is a possible reason for caution in raising U.S. interest rates. "I don't think you are looking at a systemic event," Powell said in a response to a question following a speech in Washington.

  • WASHINGTON, May 26- Federal Reserve Governor Jerome Powell said on Thursday he has not yet decided whether to support an interest rate rise at the U.S. central bank's June policy meeting and that he will carefully balance the risks of such a move. "You don't want to wait too long, but neither do you want to be in a hurry," Powell said in response to a question following a...

  • LOS ANGELES, May 26- Planes arriving and departing Los Angeles International Airport were delayed on Thursday after a problem with air-traffic control software briefly halted all flights, according to U.S. and local air traffic officials. The Federal Aviation Administration ordered a ground stop for all flights into and out of the airport at about 8 a.m. PDT,...

  • LOS ANGELES, May 26- Flights arriving and departing Los Angeles International Airport should expect delays due to "equipment issues," the U.S. Federal Aviation Administration said on Thursday. Arrivals will be held up to 15 minutes, and departures will be delayed by up to 30 minutes, the FAA said in an online air traffic control advisory. A spokesman for the FAA did...

  • WASHINGTON, May 26- A U.S. rate hike may come "fairly soon" if data confirm the economy is continuing to grow and labor markets are still tightening, Federal Reserve Governor Jerome Powell said on Thursday in remarks that may help tee up higher rates as soon as mid-June. "There are good reasons to think that underlying growth is stronger than these recent readings...

  • May 26- Flights arriving and departing Los Angeles International Airport should expect delays due to "equipment issues," the U.S. Federal Aviation Administration said in an online air traffic control advisory. Arrivals will be held up to 15 minutes, and departures will be delayed up to 30 minutes, the notice said. Los Angeles World Airports, which operates LAX, did...

  • FLIGHTS ARRIVING AT LOS ANGELES INTERNATIONAL AIRPORT HELD UP TO 15 MINUTES DUE TO EQUIPMENT ISSUES- U.S.

  • *Euro hits session high of $1.1216. NEW YORK, May 26- The U.S. dollar fell against the euro, yen, and franc on Thursday after U.S. economic data showed weakness in business spending plans, denting expectations for a Federal Reserve interest rate increase in June or July. "The market is not really seeing any signs here of an improvement in business spending," said Thierry...