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
Some government authorities question whether misdeeds are not just a few bad actors, but rather a flaw that runs through the banking industry.
SHANGHAI, March 13- China's yuan rose against the dollar on Thursday as the central bank set a slightly stronger midpoint for the first time in four days, a move traders said that shows the government is keeping the currency stable.
WELLINGTON, March 13- New Zealand's central bank raised interest rates on Thursday and signalled an aggressive tightening this year, taking the lead among developed economies in lifting rates off record lows as it tries to quell inflation pressures in an outperforming economy.
March 12- The Federal Reserve Bank of New York looked at whether a key foreign-exchange benchmark was subject to manipulation in 2012 but did not pursue any public action, the Wall Street Journal reported, citing people familiar with the matter.
SEOUL, March 13- South Korea's central bank kept interest rates steady for a 10th straight month on Thursday, as expected, as it eyes offshore risks and a slow domestic economic recovery amid low inflationary pressures. The Bank of Korea's monetary policy committee held its base rate steady at 2.50 percent, a media official said without elaborating.
Treasury Secretary Jack Lew testifies on the White House fiscal 2015 budget proposal before the House Budget Committee- 1400 GMT.
*State-controlled Sberbank postpones investment conference. MOSCOW, March 12- Russia's largest bank Sberbank has postponed one of the country's highest profile investment conferences due to volatility stemming from the situation in Ukraine, the bank said on Wednesday.
WELLINGTON, March 13- New Zealand's central bank raised interest rates on Thursday and signaled further rises through early 2017, taking the lead among developed economies in tightening monetary policy as it tries to quell inflation pressures in an outperforming economy.
You, however, are not Yale and neither, likely, is your pension fund, university endowment or personal portfolio. Understanding why what is good for the goose underperforms for the gander is key to not just Yale's fantastic performance, but improving your own.
WELLINGTON, March 13- The Reserve Bank of New Zealand said on Thursday that it expected any rise in the domestic currency to be subdued as the central bank begins its monetary tightening cycle, as market participants were well aware that rates will rise.
WELLINGTON, March 13- New Zealand's central bank raised its benchmark cash rate by 25 basis points to 2.75 percent on Thursday, as expected, and flagged a series of further increases to keep inflation pressures in check as the economy gains momentum. New Zealand's 2.75 percent official cash rate compares with Australia's 2.50 percent, the U.S.
*U.S. Senate panel holds confirmation hearing on Thursday. SAN FRANCISCO/ NEW YORK, March 12- Stanley Fischer, U.S. The former chief of the Bank of Israel was chosen to be Fed Chair Janet Yellen's second-in-command in part for his crisis-management credentials, especially during a seven-year stint as the No. 2 official at the International Monetary Fund.
BRUSSELS, March 12- Europe appeared far away from making good its crisis pledge to tackle weak banks as lawmakers and country representatives failed on Wednesday to bridge differences over how to close down troubled lenders.
MOSCOW, March 12- Russia's largest bank Sberbank has postponed a business conference until the autumn due to uncertainty about Ukraine and the country's economy, the bank said on Wednesday.
The U.S. Senate approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department.
*U.S. central bankers stressing "gradual" approach. SAN FRANCISCO/ NEW YORK, March 12- Janet Yellen has a message to markets: the Federal Reserve will keep interest rates low for a while yet and, when it does begin to tighten monetary policy, it will do so only slowly.
WASHINGTON, March 12- The U.S. Senate on Wednesday approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department, backing a critic of Wall Street to help coordinate an overhaul of financial regulations. The Senate approved the nomination by voice vote.
*Italy no longer cause for alarm among foreign investors. Italy's largest bank by assets UniCredit and troubled lender Monte dei Paschi di Siena this week announced the write-downs- of 13.7 billion and 2.75 billion euros respectively- as they prepare for an industry-wide health check that European lenders are undergoing this year.
District Judge Katherine Forrest in Manhattan came in one of the highest-profile cases brought by the U.S. Securities and Exchange Commission in response to the events leading up to the 2008 financial crisis. The SEC had sought to recoup $1.15 million from Tourre, including a $910,000 fine plus ill-gotten gains and interest.
MOSCOW, March 12- President Vladimir Putin's engagement in Ukraine threatens to divert Russia's central bank from its goals of inflation-targeting and freeing up the rouble currency, undermining the credibility it has built up.
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.