Results with Alnylam Pharmaceuticals and Medicines Co's experimental product ALN-PCSsc highlight the competition for a market tipped to generate billions of dollars in sales. Amgen's Repatha and a rival product, Praluent, from Sanofi and Regeneron Pharmaceuticals, are each expected to generate more than $2 billion a year in sales by 2020, according to...» Read More
WASHINGTON, April 17- Turkish Deputy Prime Minister Ali Babacan said on Friday that the Group of 20 leading economies saw a moderate, but uneven, global recovery, and said officials agreed to proceed cautiously in adjusting monetary policies. "Monetary policy settings should be carefully calibrated and carefully communicated to minimize spillovers," Babacan...
WASHINGTON, April 17- U.S. consumer prices increased for a second straight month in March on rising gasoline and housing costs, a sign of inflation that should keep the Federal Reserve on course to start raising interest rates this year. "The data should allay the disinflation concerns that predominated earlier this year and, on the margin, increase the Fed's...
OBAMA SAYS EUROPEAN COUNCIL NEEDS TO KEEP CURRENT SANCTIONS AGAINST RUSSIA IN PLACE UNTIL MINSK AGREEMENT HAS BEEN FULLY IMPLEMENTED.
BRENT CRUDE FUTURES TURN HIGHER, U.S.
WASHINGTON, April 17- Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. officials said on Friday. Shippers must account for who handled crude oil involved in any mishap and what the operator knows about the possible...
SAYS OPERATORS MUST PERFORM THOROUGH INSPECTIONS AT LOADING DOCKS, HAVE DETAILS OF CARGO ON HAND.
TRANSPORTATION DEPARTMENT ANNOUNCES SEVERAL STEPS TO IMPROVE OIL TRAIN SAFETY.
*Separate from Google antitrust investigation. BRUSSELS, April 17- Internet platforms such as Google, Microsoft and Yahoo! European Commission Vice-President Andrus Ansip is expected to formally announce the new strategy on May 6.
*South Africa faces 6th straight day of power cuts. *S.Africa seeks future World Bank funding for Eskom. JOHANNESBURG, April 17- South Africa appointed veteran public service expert Brian Molefe as acting CEO of its struggling power utility firm Eskom on Friday in an attempt to help keep the lights on in Africa's most advanced economy.
President Barack Obama said on Friday a new trade agreement with Asia that is being negotiated would benefit not just U.S. businesses, but also American workers. Obama said during a news conference that some Democrats and labor unions would oppose the deal, while others "believe that we cannot stop a global economy at our shores." But he said previous trade...
OBAMA SAYS GLOBAL AGGREGATE IS STILL VERY WEAK, CHINA IS MAKING TRANSITIONS THAT MEAN IT WILL NOT BE GROWING AS FAST.
OBAMA SAYS ITALY'S RENZI'S GOVERNMENT IS ON THE RIGHT TRACK WITH REFORMS.
To get around the United States, the IMF's board had proposed one "interim" plan to raise the voting rights of some emerging countries under an "ad hoc" increase without touching U.S. veto power. But countries like China would only get a small bump in their shares under this option, which requires all changes to allow the United States to keep at least 15 percent of the...
OBAMA SAYS WITH LOW DEMAND AND HINTS OF DEFLATION IN EUROPE OVER LAST YEARS, BOOSTING DEMAND IS ALSO IMPORTANT.
OBAMA SAYS WITH RESPECT TO EUROPE, BOTH AUSTERITY AND STRUCTURAL REFORMS ARE NECESSARY.
HAS LARGELY SUCCEEDED IN STABILIZING ECONOMY AND PUTTING IT ON A GROWTH TRAJECTORY WHILE REDUCING THE DEFICIT.
OBAMA SAYS THERE HAVE BEEN COMPETING ECONOMIC THEORIES BETWEEN EUROPE AND U.S.
*Yemen conflict, Middle East turmoil supports prices. NEW YORK, April 17- Brent crude seesawed, while U.S. crude fell on Friday as turmoil in Yemen and the region limited losses ahead of fresh data on rig counts in the United States. Brent and U.S. crude contracts rallied to 2015 peaks on Thursday, lifted by the conflict in Yemen and the prospect that lower prices are...
ITALY'S RENZI SAYS INVESTORS IN ITALY FINALLY HAVE A MORE FLEXIBLE LABOR MARKET, REFORMS WILL BE DONE IN NEXT SIX MONTHS.