WASHINGTON— The Federal Aviation Administration is restricting U.S. airlines from flying at or below 30,000 feet over Iraq because of what it calls "the potentially hazardous situation created by the armed conflict" there. Iraq also has been in turmoil as militants have fought government forces.» Read More
As investors look to the possibility of rising official interest rates in the U.S. and Britain in the coming year their expectations are colored by nasty memories of 2013' s taper tantrum, when bumbled communications by the Federal Reserve caused Treasury yields to spike and emerging markets to suffer.
NEW YORK, July 31- The U.S. dollar edged higher against a basket of major currencies on Thursday to notch its strongest monthly gain in over a year after U.S. labor market data fueled expectations for a more hawkish Federal Reserve.
WASHINGTON— The Food and Drug Administration has approved a new long-acting inhaler drug from Boehringer Ingelheim to treat people with chronic lung disease. The disease, which is most often caused by smoking, is the third leading cause of death in the U.S., according to the National Institutes of Health.
The FDA, which had raised concerns that some patients developed antibodies to one component of the treatment, is not obliged to follow the advice of its advisory panels but typically does so. The FDA had asked whether certain subgroups of patients, such as pregnant women, should be excluded.
WASHINGTON— The Food and Drug Administration announced Thursday it will begin regulating laboratory-developed tests, a growing class of medical diagnostics that have never before been subject to federal oversight.
SAN JUAN, Puerto Rico— New York's Federal Reserve Bank released a report Thursday in which it warned that Puerto Rico needs to improve its financial health soon or face what it called a "painful adjustment."
LONDON, July 31- Gold fell to a six-week low on Thursday and was set for its second monthly drop since May as the dollar rose on optimism over the U.S. economy, which offset a message from the Federal Reserve that it is in no rush to raise interest rates.
NEW YORK, July 31- The U.S. dollar edged higher against a basket of major currencies on Thursday after U.S. labor market data bolstered expectations for a more hawkish Federal Reserve and reinforced optimism for a strong U.S. nonfarm payrolls report Friday.
Sierra Leone president Ernest Bai Koroma declared a state of emergency due to the largest Ebola outbreak in history. NBC News reports.
The Wisconsin Supreme Court upheld Gov. Scott Walker's 2011 law that effectively stops collective bargaining for most public employees.
WASHINGTON, July 31- The U.S. Commodity Futures Trading Commission will make some changes to its rules for derivatives markets to make sure they continue to function well for non-financial companies, the new head of the agency said on Thursday.
The U.S. Air Force is calling for an end to big-ticket items like the error-ridden F-35 in order to save money. Fiscal Times reports.
*Coming up: U.S. Weekly jobless claims at 1230 GMT. LONDON, July 31- Gold held below $1,300 an ounce on Thursday and was set for its second monthly drop in three as optimism over the U.S. economy curbed demand, offsetting a message from the Federal Reserve it is in no rush to raise interest rates.
About 5,000 union members, led by the United Mine Workers of America, on Thursday marched to the William S. Moorhead Federal Building chanting, "Hey, hey, EPA!
*Coming up: U.S. Weekly jobless claims at 1230 GMT. LONDON, July 31- Gold held below $1,300 an ounce on Thursday and was set for its second monthly drop in three as optimism over the U.S. economy curbed demand, offsetting a message from the Federal Reserve it is in no rush to raise interest rates. Spot gold was flat at $1,295.10 an ounce by 1021 GMT.
Q2 GDP partly offset by mixed Fed views. LONDON, July 31- The dollar held just below a 10- month high against a basket of currencies on Thursday after the Federal Reserve said it was in no rush to raise interest rates, tempering a rally that dates back to early May.
TOKYO, July 31- Japanese fund managers increased both stocks and bonds in their model portfolio allocations in July, as they bet on a steady recovery in the global economy even as the Federal Reserve keeps reducing stimulus.
*Nonfarm payrolls, PMI reports for China& euro zone next focus. SYDNEY/ TOKYO, July 31- The dollar held below a 10- month peak against a basket of major currencies on Thursday after soaring on upbeat U.S. growth data, with mixed views from the Federal Reserve tempering the rally.
TOKYO, July 31- The dollar stayed strong and U.S. bond yields held firm on Thursday after data showed solid U.S. economic growth, even as the Federal Reserve repeated its message that it is in no hurry to raise interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat in early trade.
*Nonfarm payrolls, PMI reports for China& euro zone next focus. SYDNEY, July 31- The U.S. dollar held below a 10- month peak against a basket of major currencies early on Thursday, having soared at first on upbeat growth data only to have a dovish Federal Reserve take some steam out of the rally.