*Aussie tests psychological 90- cent support on soft China data. SYDNEY, Sept 15- The Australian dollar slid to a six-month low on Monday as worries about slower Chinese growth hit a nerve, but other major currencies held their ground ahead of this week's Federal Reserve policy meeting.» Read More
*Fed may raise short-term rates in first quarter- BlackRock. NEW YORK, Sept 12- Traders piled into U.S. short-term interest rates options on Friday, adopting a bearish posture on the view the Federal Reserve will signal next week that interest rates will be notably higher by the end of next year.
By Michael Flaherty and Howard Schneider. WASHINGTON, Sept 12- Federal Reserve Vice Chairman Stanley Fischer has been tapped to head a new financial stability panel at the U.S. central bank, an influential perch he could use to try to broaden and enhance the Fed's powers to ward off a future financial crisis.
WASHINGTON— The Federal Reserve has created a new committee headed by the central bank's No. 2 official tasked with monitoring potential threats to the nation's financial system. The new Committee on Financial Stability will be headed by Fed Vice Chairman Stanley Fischer.
WASHINGTON, Sept 12- Federal Reserve Vice Chairman Stanley Fischer has been tapped to head a new financial stability panel at the U.S. central bank, an influential perch he could use to try to broaden and enhance the Fed's powers to ward off a future financial crisis.
SAN FRANCISCO, Sept 12- The Federal Reserve will drop its promise to keep rates near zero for a "considerable time" after it ends its bond-buying program, paving the way for a first Fed rate hike in June 2015, a top Wall Street economist predicted on Friday.
NEW YORK, Sept 12- The dollar index posted its ninth consecutive week of gains on Friday and the U.S. currency rose to six-year highs against the yen on speculation that the Federal Reserve may strike a more hawkish tone when it meets next week.
WASHINGTON, Sept 12- The Federal Reserve has created a new committee on financial stability, naming Vice Chairman Stanley Fischer to lead the group. The move shows how the Fed is looking more closely at how it can cool important parts of the financial sector before they overheat.
*Gold hits lowest since Jan. 23 at $1,231.95/ oz. LONDON, Sept 12- Gold prices hit 7-1/ 2- month lows on Friday on speculation that the Federal Reserve may raise interest rates next year, and as the dollar index headed for its longest winning streak since 1997..
We refer to it in the business as the first mile or the last mile whether it's an import or an export, " U.S. Department of Transportation Maritime Administrator Paul Jaenichen said while visiting the South Carolina Ports Authority. The Federal Maritime Commission begins a series of meetings in Los Angeles next week to discuss the problem with industry leaders.
WASHINGTON, Sept 11- Novo Nordisk's drug liraglutide is safe and effective enough to warrant approval for use in chronically obese patients with at least one weight-related health issue, an advisory panel to the U.S. Food and Drug Administration concluded on Thursday. It would be sold under the name Saxenda if approved for obesity by the FDA.
The FDA first approved the drug, liraglutide, under the brand name Victoza in 2010 as a daily injection for type 2 diabetes, in which the body does not properly use insulin. Danish drugmaker Novo Nordisk now wants the FDA to approve the drug as an obesity treatment based on company studies showing significant weight loss in most patients.
WASHINGTON, Sept 11- Novo Nordisk's drug liraglutide is safe and effective enough to warrant approval for use in chronically obese patients with at least one weight-related health issue, an advisory panel to the U.S. Food and Drug Administration concluded on Thursday.
DES MOINES, Iowa— The nation's corn and soybean farmers will bring in by far the largest harvest ever this year, the U.S. Department of Agriculture said Thursday in a new report. Record yields will be set in 18 states, the USDA said, and 10 states including Illinois, Iowa, and Nebraska, the top three producers, have the highest number of ears per corn stalk ever.
WASHINGTON— Labor Department releases the Producer Price Index for August, 8:30 a.m.; Federal Reserve policymakers begin a two-day meeting to set interest rates.
Contrave joins two similar drugs from Arena Pharmaceuticals and Vivus Inc. which FDA approved in 2012 after a 13- year drought of new prescription weight-loss medicines. But sales of Vivus' Qsymia and Arena's Belviq have been far below expectations due to limited insurance coverage and high out-of-pocket costs for patients.
NEW YORK, Sept 10- U.S. stocks rose on Wednesday, helped by a rebound in Apple shares, while expectations for a stronger economy and thus higher interest rates from the Federal Reserve boosted the dollar to a six-year high against the yen. Worries over a vote for Scottish independence, scheduled for Sept. 18, spooked investors in Europe, where shares closed flat.
LOS ANGELES— The Nuclear Regulatory Commission on Wednesday rejected a senior federal expert's recommendation to shut down California's last operating nuclear power plant until the agency can determine whether its twin reactors can withstand powerful shaking from nearby earthquake faults.
Sept 10- Federal Reserve policymakers are retooling their strategy for raising short-term interest rates, trimming the U.S. central bank's swollen balance sheet and eventually returning monetary policy to a more normal setting. A lot has changed since they first agreed on a set of "exit strategy principles" in June 2011.
NEW YORK, Sept 10- The dollar strengthened to a six-year high against the yen on Wednesday as U.S. "There are so many factors that are supporting the dollar at the moment, mainly its better performance in the U.S., which will likely bring a more hawkish tone from the Fed," said Sireen Harajli, a foreign exchange strategist at Mizuho Corporate Bank in New York.
NEW YORK, Sept 10- U.S. stock prices fell on Wednesday on growing bets the Federal Reserve may raise interest rates faster than previously thought, while anxiety over whether Scotland might break off from the United Kingdom unnerved investors in Europe, hurting sterling and boosting the dollar.