April 18- Biogen Idec Inc is pricing its newly approved long-acting hemophilia drug, Alprolix, to cost U.S. patients, and insurers, about the same per year as older, less convenient therapies whose price can reach about $300,000 annually.» Read More
TOKYO/ SYDNEY, April 7- The yen rose against its major counterparts in relatively thin trading in Asia on Monday, with moves limited by caution as the Bank of Japan began its two-day policy meeting.
BlackRock is reorganizing its senior management ranks as it works towards a succession plan for CEO and co-founder Larry Fink.
SHANGHAI, April 7- Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposed to be paid out if shipbuilders fail to deliver on time.
WASHINGTON, April 6- The head of the International Monetary Fund dismissed a European central banker's recent remark that the IMF weighs in at his agency more than others such as the U.S. "We do say what we have to say when we think that it's appropriate to say it," IMF Managing Director Christine Lagarde said in an interview that aired on Fox News on Sunday.
DUBAI, United Arab Emirates— Abu Dhabi Islamic Bank says it has reached an agreement to buy the retail banking operations of Barclays Bank in the United Arab Emirates for 650 million dirham, or roughly $177 million. The Abu Dhabi Islamic Bank says the acquisition, which is subject to UAE Central Bank approval, would result in around 110,000 new customers.
SIMFEROPOL, Crimea/ MOSCOW, April 5- A subsidiary of Raiffeisen Bank International will close all its branches in Crimea by mid-month, the bank said on Saturday, following Russia's annexation of the Black Sea peninsula.
April 4- More Wall Street economists now believe the Federal Reserve will raise interest rates in the first half of 2015, as evidence builds that the U.S. economy has regained some momentum lost during an unusually rough winter, a survey showed on Friday.
MOSCOW, April 4- The Russian parliament gave preliminary approval on Friday to legislation limiting publication of information about banks, a move critics said would protect powerful financial institutions but could harm their depositors.
In its case, the U.S. Securities and Exchange Commission said 37- year-old Joseph Dondero, a co-owner of a New Jersey- based trading firm called Visionary Trading LLC, routinely engaged in spoofing.
MEXICO CITY, April 4- Most of Mexico's central bankers were convinced that a spike in inflation has likely passed while the majority said short-term risks to growth had increased, minutes released on Friday showed. Central Bank board members voted at their March 31 meeting to hold their benchmark interest rate at a record low of 3.50 percent.
*Popular in talks with Citi over Spanish retail unit. MADRID, April 4- Banco Popular said on Friday it was in talks to buy Citigroup's retail banking and credit card business in Spain, where other foreign players struggling to compete with local banks after a financial crisis have considered exits.
TOKYO, April 4- Japan's $1.26 trillion public pension fund said on Friday it has selected 14 new active managers to supervise its domestic equities investment and added more benchmarks to its strategy.
LONDON, April 4- A solid pace of U.S. jobs growth pushed up Wall Street stocks futures and the dollar on Friday, adding to pressure on the euro from signs that the European Central Bank is warming to the once-taboo idea of aggressive asset buying. Futures prices extended gains, pointing to a rise of around 0.4 percent for Wall Street.
*NYSE stock positions using leverage hit record high. LONDON/ PARIS, April 4- Hedge funds are borrowing record amounts of money to fund bets that stock markets will continue rising, creating conditions that could accelerate price falls if those leveraged positions are hurriedly closed.
April 4- Moelis& Co, the advisory firm set up by veteran investment banker Ken Moelis, said it expects to price its initial public offering of 7.3 million Class A shares at between $26 and $29 per share, valuing the firm at up to $1.50 billion. The firm was founded in March 2007 after Ken Moelis left UBS.
Bank of America is close to settling with a U.S. regulator over the sale of services sold as add-ons to credit cards.
The company said in December that it received a $30 million investment from Microsoft Corp co-founder Paul Allen's Vulcan Capital. The company's investors include venture capital firm Upfront Ventures, billionaire Jeff Skoll's Capricorn Investment Group and insurer USAA.
*Regulator urges banks to act to curb bad loans. SHANGHAI, April 4- The China Banking Regulatory Commission has said it will conduct regional and national stress tests after banks saw a spike in bad loans last year, the Shanghai Securities News reported on Friday, reflecting growing concerns over credit risk.
Several of the biggest investors in Allianz are pressing the German insurer to step up oversight of its California asset management unit Pimco.
FRANKFURT, April 4- Regular meetings of the world's leaders and central bankers have little short-term impact on financial markets, despite extensive media coverage, according to research published by the European Central Bank on Friday.
Two of Japan's largest banks have stepped back from Russia in recent weeks, bankers and executives told the Financial Times.
Kelly King, BB&T chairman and CEO, reacts to the role mortgage lending played in its weak quarterly report. King says the current yield curve reflects a slow economy.
Brennan Hawken, UBS director of equity research, breaks down the quarterly earnings of Morgan Stanley and Goldman Sachs.