Top News & Analysis Washington DC

  • WASHINGTON— The Obama administration is nominating current World Bank President Jim Yong Kim for a second term leading the 189- nation international lending organization. In making the announcement Thursday, Treasury Secretary Jacob Lew praised Kim for using his first term at the World Bank to effectively address "today's most pressing global challenges...

  • "Everybody suffers, except the Mylan investors," said Sabrina Corlette of Georgetown University's Health Policy Institute. This week, Mylan joined other drugmakers such as Valeant Pharmaceuticals International Inc. and Turing Pharmaceuticals, who've been blasted for mammoth price increases. Bresch said the company only receives $274 of the $608 for a...

  • SAN FRANCISCO— Global messaging service WhatsApp says it will start sharing the phone numbers of its users with Facebook, its parent company. When it was acquired by Facebook for an eye-popping $21.8 billion two years ago, executives promised privacy would be safeguarded. "This is a strong-arm tactic on the part of Facebook," said Jeff Chester, executive director...

  • JACKSON HOLE, Wyoming, Aug 25- While markets wait for Janet Yellen's latest message about the direction of monetary policy, the Federal Reserve chief and her colleagues already have one for politicians: the U.S. economy needs more public spending to shift into higher gear. In the past few weeks, Yellen and three of the Fed's other four Washington- based governors...

  • The backlash against trade threatens a pillar of U.S. policy since World War II: Through trade pacts and institutions like the World Trade Organization, the United States has sought to rip down barriers to global commerce, including quotas and taxes on imports. But doubts lingered, especially as China emerged as an economic power. Whatever the reasons, the United...

  • WASHINGTON— The world's key central banks have worked themselves into contortions to try to rev up economic growth, raise inflation and coax consumers and businesses to borrow and spend more. They've pumped trillions into financial systems and driven interest rates about as low as they can go— even below zero in Europe and Japan. "It's pushing on a string if...

  • TEHRAN, Iran— The whirling hum of a dialysis machine could have been the soundtrack to the rest of Zahra Hajikarimi's life but for an unusual program in Iran that allows people to buy a kidney from a living donor. Iran's kidney program stands apart from other organ donation systems around the world by openly allowing payments, typically of several thousand...

  • JACKSON HOLE, Wyoming, Aug 25- While markets wait for Janet Yellen's latest message about the direction of monetary policy, the Federal Reserve chief and her colleagues already have one for politicians: the U.S. economy needs more public spending to shift into higher gear. In the past few weeks, Yellen and three of the Fed's other four Washington- based governors...

  • WASHINGTON, Aug 24- Actors Susan Sarandon, Riley Keough and Shailene Woodley joined members of North Dakota's Standing Rock Sioux Tribe outside a courthouse in Washington, D.C., on Wednesday to protest against construction of a pipeline they say would pollute water and desecrate sacred land. The 1,100 mile pipeline, being built by a group of firms led by Energy...

  • JACKSON HOLE, WYOMING, United States- Bank of England's Deputy Governor for Markets and Banking Nemat Shafik to participate in a panel discussion titled "Adapting to Changes in the Financial Market Landscape"- 1450 GMT. FRIDAY, AUGUST 26 JACKSON HOLE, WYOMING, United States- Federal Reserve Chair Janet Yellen speaks on "The Federal Reserve's Monetary Policy...

  • WASHINGTON, Aug 24- Pharmaceutical company Mylan NV has won a round in its fight with Teva Pharmaceutical Industries Ltd at the U.S. Teva sells Copaxone based on patents licensed from Yeda Research& Development Co Ltd.. It said that IMS Health, a healthcare information company, estimates sales of the drug to be $3.3 billion annually.

  • ANNAPOLIS, Md.— Japanese Ambassador to the United States Kenichiro Sasae says Japan has authorized $2 million to support a feasibility study of building a high-speed train between Baltimore and Washington. Ambassador Kenichiro Sasae made the announcement Wednesday after signing a Memorandum of Cooperation between Maryland and Japan with Gov.

  • NEW YORK— An accomplished photographer who lets the public use thousands of her images of America for free has sued the Getty Images photo agency for more than $1 billion, saying it's improperly selling her work to customers and threatening those who don't pay. The photo, of a striking sculpture of a badminton shuttlecock outside the Nelson-Atkins Museum of Art...

  • WASHINGTON— Figures on government spending and debt in millions of dollars.

  • NEW YORK, Aug 24- The dollar rose on Wednesday in thin trading, helped by data the previous day showing a surge in U.S. new home sales, but gains were capped by uncertainty ahead of Federal Reserve Chair Janet Yellen's speech at a central bankers' conference on Friday. Late on Wednesday, futures markets assigned an 18 percent chance the Fed would hike rates at its...

  • BISMARCK, N.D.— A federal judge has heard testimony in the Standing Rock Sioux Tribe's request to temporarily block the construction of a four-state oil pipeline near their reservation, which straddles the North Dakota-South Dakota border. Dallas- based Energy Transfer Partners' Dakota Access Pipeline is a $3.8 billion, 1,172- mile project that would carry...

  • The tribe is challenging the Army Corps of Engineers' decision to grant permits for Dallas- based Energy Transfer Partners' $3.8 billion Dakota Access pipeline. The company had planned to complete the pipeline, which goes from North Dakota to Illinois, this year. Tribal officials are challenging the Army Corps of Engineers' decision last month to grant permits...

  • Emerging market stocks retreated 1 percent, led by political risk-driven losses in South Africa and Turkey, while broader sentiment was dented by a revival of U.S. rate rise expectations. On a light day for data, investors' nerves may have been soothed by signs that the anticipated economic seizure in Britain- and beyond- from the shock vote in June to leave the...

  • WASHINGTON— The Obama administration said Wednesday it paid $1.3 billion in interest to Iran in January to resolve a decades-old dispute over an undelivered military sale, two days after allowing $400 million in cash to fly to Tehran. On Jan. 17, the administration paid Iran the account's $400 million principal in pallets of euros, Swiss francs and other foreign...

  • BISMARCK, N.D.— A ruling in the request by the Standing Rock Sioux Tribe to stop a four-state oil pipeline under construction near their reservation will come by Sept. 9, a federal judge said Wednesday. The tribe is challenging the Army Corps of Engineers' decision to grant permits for Dallas- based Energy Transfer Partners' $3.8 billion Dakota Access pipeline,...