OTTAWA, March 24 (Reuters) – US President Joe Biden and Canadian Prime Minister Justin Trudeau presented a united front against authoritarian regimes on Friday as Biden visited the Canadian capital, days after the leaders of China and Russia held a summit in Moscow. Images of Biden and Trudeau standing side by side in Ottawa announcing … Read more
WASHINGTON, March 24 (Reuters) – The multi-regulator US Financial Stability Oversight Council agreed on Friday that the US banking system remains “sound and resilient” despite pressure on some institutions, the US Treasury Department said in its latest statement to calm jittery markets and bank depositors. Speaking to a private meeting chaired by Treasury Secretary Janet … Read more
COPENHAGEN, March 23 (Reuters) – Denmark on Thursday invited the Russian-controlled operator of the Nord Stream 2 pipeline to help salvage an unidentified object found close to the only remaining intact gas pipeline under the Baltic Sea. Three explosions last September on the Nord Stream pipelines built to supply Russian gas to Germany have become … Read more
March 24 (Reuters) – Oil prices added to losses on Friday on concerns over possible oversupply after US Secretary of Energy Jennifer Granholm said replenishing the country’s Strategic Petroleum Reserve (SPR) could take several years. Brent crude fell 24 cents, or 0.32%, to $75.67 a barrel by 0412 GMT, while US West Texas Intermediate crude … Read more
KYIV, March 23 (Reuters) – Ukrainian President Volodymyr Zelenskiy on Thursday urged Europe to increase and speed up the delivery of modern weaponry and impose tougher sanctions on Russia or the war could drag on for years. In a long and sharply worded video address to EU leaders, from a train, Zelenskiy said it was … Read more
Drug meets primary and all secondary goals in COPD research Earlier peak sales estimate of 13 billion euros was without COPD Drug could be the first new COPD treatment in more than a decade March 23 (Reuters) – Sanofi’s (SASY.PA) asthma drug Dupixent met all targets in a trial for the treatment of “smoker’s lung”, … Read more
March 23 (Reuters) – The Bank of England followed the Federal Reserve and Swiss National Bank in raising interest rates on Thursday as policymakers continued their battle against inflation in the face of the instability that rippled through the global banking system this month . Investors had wondered whether central banks could continue tightening policies … Read more
23 March (Reuters) – A look at the day ahead in Asian markets by Jamie McGeever. The Asian open on Thursday may depend on which of the conflicting narratives brought to the fore by late US trading on Wednesday investors choose to get involved: the Fed’s ‘easing walk’ or Treasury Secretary Janet Yellen’s comments about … Read more
ZURICH, March 22 (Reuters) – The fall of Credit Suisse (CSGN.S) has seriously damaged Switzerland’s credibility as the world’s leading wealth management center, experts warn, damaging Switzerland’s reputation for stability, regulation and corporate governance is questioned. Plagued by years of scandals and losses, Credit Suisse had been battling a crisis of confidence for months before … Read more
PARIS, March 23 (Reuters) – Hundreds of thousands of people were expected to go on strike and demonstrate in France on Thursday after President Emmanuel Macron vowed to press ahead with a deeply unpopular pension reform despite escalating anger across the country. Protests against the legislation – which raises the retirement age by two years … Read more