FDA regulators approved the drug for daily, round-the-clock pain that does not respond to other medications. The FDA notes that Targiniq can still be abused by simply swallowing the tablets, the most frequent method of painkiller abuse. The FDA has been under intense public pressure to combat the national epidemic of prescription opioid abuse.» Read More
SINGAPORE, Feb 12- Gold gave back some of its sharp overnight gains on Wednesday as stocks rallied but was still trading near its highest in three months on assurances from the new Federal Reserve chair that there would be no abrupt changes to U.S. monetary policy. *Spot gold fell 0.5 percent to $1,285.50 an ounce by 0024 GMT, snapping a three-day winning streak.
*China trade data a hurdle, downside risk given base effect. SYDNEY, Feb 12- Asian shares rallied for a fourth straight session on Wednesday as risk appetites were whetted by an optimistic economic outlook from Federal Reserve Chair Janet Yellen, which diminished the need for safe havens such as the yen and bonds.
*Aussie outperforms, China trade data next risk event. SYDNEY, Feb 12- The dollar held off a two-week low against a basket of major currencies early on Wednesday, having rebounded after Federal Reserve Chief Janet Yellen offered no surprises on policy in her inaugural Congressional testimony.
Federal Reserve on Tuesday acknowledged it likely triggered a financial market sell-off in the developing world, but said policies in countries such as Turkey, Brazil and India made them especially vulnerable to external shocks.
SAN FRANCISCO, Feb 11- In her first public appearance as Federal Reserve chair, Janet Yellen faced a barrage of pointed questions from U.S. lawmakers critical of the central bank's unprecedented efforts to stimulate the economy and of its oversight of banks.
NEW YORK, Feb 11- The dollar rose and global equity markets rallied on Tuesday after Federal Reserve Chair Janet Yellen said she expects the U.S. central bank to continue trimming its bond purchases, a sign the Fed believes the economy is on track to grow further.
NEW YORK, Feb 11- Natural gas futures jumped more than 5 percent on Tuesday on cold weather forecasts in the United States and gold hit a 3- month high on incoming Federal Reserve Chair Janet Yellen's pledge to not accelerate the winding down of the U.S. stimulus.
NEW YORK, Feb 11- The dollar and global equity markets rallied on Tuesday after Federal Reserve Chair Janet Yellen said she expects the U.S. central bank to continue trimming its bond purchases, a sign the Fed believes the economy is on track for further growth.
NEW YORK, Feb 11- Yields on long-dated U.S. Treasuries climbed to their highest in two weeks on Tuesday after Federal Reserve Chair Janet Yellen pledged to continue the bank's current strategy of reducing asset purchases despite a still unstable labor market.
NEW YORK, Feb 11- The dollar came off nearly two-week lows and held gains against the yen Tuesday after new Federal Reserve Chair Janet Yellen signaled there would no immediate deviation from the U.S. central bank's winding up of its massive bond purchases. "We haven't seen major moves," said currency strategist Camilla Sutton at Scotia Capital in Toronto.
Feb 11- Key central banks appear to be down to their last tool: making promises. Both the Federal Reserve and the Bank of England are likely to provide updated or clarified forward guidance this week, painting a new and presumably more believable picture of what they will do about interest rates under what circumstances.
Feb 11- An advisory panel to the U.S. Food and Drug Administration said on Tuesday that available evidence does not prove that the painkiller naproxen, sold under the brand names Aleve and Naprosyn, carries a lower cardiac risk than rival products.
WASHINGTON, Feb 11- Janet Yellen, fresh from taking the helm of the Federal Reserve, made it clear on Tuesday she would not make any abrupt changes to U.S. monetary policy, saying the central bank was on track to keep reducing its stimulus even though the labor market recovery was far from complete.
*Sprint and CVS climb after results, Dean Foods down. NEW YORK, Feb 11- U.S. stocks rose 1 percent in a broad rally on Tuesday, with investors relieved the Federal Reserve wouldn't make any changes to its schedule for trimming its market-friendly stimulus.
Gold on track for biggest one-day gain in three weeks. NEW YORK/ LONDON, Feb 11- Gold rose to a three-month high on Tuesday, gaining more than 1 percent after incoming Federal Reserve Chair Janet Yellen made it clear she would not make any abrupt changes to the central bank's commitment to a measured tapering of bond purchases.
Feb 11- An advisory panel to the U.S. Food and Drug Administration voted on Tuesday that there is not enough evidence to show conclusively that the painkiller naproxen carries a lower cardiac risk than other popular products.
*FTSEurofirst 300 up 1.3 pct, Euro STOXX 50 up 1.5 pct. PARIS, Feb 11- European stocks rose on Tuesday, boosted by positive corporate results and as new Federal Reserve Chair Janet Yellen emphasized there would be continuity in the U.S. central bank's strategy.
The Fed's Charles Plosser says it's always easier to lower interest rates to spur economic activity than to raise them to stop inflation.
NEWARK, Del., Feb 11- Assessing the U.S. economy's underlying economic trends has become more difficult because of record low temperatures and heavy snowfall across much of the nation, Federal Reserve Bank of Philadelphia President Charles Plosser said on Tuesday.
A US appeals court struck down the IRS's authority to regulate tax-return preparers, dealing a blow to the Obama administration.