Egypt’s stumbling economy faces new pressures from Gaza crisis
Economy reeling from foreign currency shortageTourism and gas exports are sources of scarce dollarsGulf states may step up assistance -...
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Novo Nordisk invests $6 bln in Wegovy production, still far below demand -CEO
The logo of Danish drugmaker Novo Nordisk, Copenhagen, Denmark, September 26, 2023. REUTERS/Tom Little/File Photo Acquire Licensing RightsLONDON/COPENHAGEN, Nov 10 (Reuters) - Obesity drug maker Novo Nordisk (NOVOb.CO) said on Friday it will spend $6 billion to boost production in Denmark, although its chief executive warned the industry was far from being able to produce enough weight-loss drugs to meet global demand.Novo Nordisk has had phenomenal success with its anti-obesity drug, Wegovy, but has scrambled to address shortages that have forced it to limit the number of patients.The World Health...
Morning Bid: Oil-fueled rally turns to Powell
Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the...
Israel rebuffs calls for ceasefire; Lebanon strike angers Hezbollah
LATEST DEVELOPMENTS:Hezbollah says response will be 'firm and strong' after strike kills 3 children in LebanonBlinken says Palestinian Authority should have central role in future of GazaPalestinian telecommunications company Paltel says communications, internet service cut again across GazaGAZA/RAMALLAH, Nov 5 (Reuters) - Israel on Sunday rebuffed growing international pressure for a ceasefire and said its forces had encircled Gaza City as the top U.S. diplomat scrambled to contain a crisis that threatened to cause further escalation in neighbouring Lebanon.Gaza was under "unprecedented bombardment" from Israel on Sunday, Palestinian news agency...
Morning Bid: Stocks clocking best week of the year
A look at the day ahead in U.S. and global markets from Mike DolanMarkets are betting central banks are done...
Exclusive: UK rips up state guarantees on nearly 1 billion pounds of COVID loans
LONDON, Nov 1 (Reuters) - The UK government has scrapped guarantees on nearly 1 billion pounds ($1.2 billion) of bank...
Morning Bid: Big Tech reports as bond yields recoil
A look at the day ahead in U.S. and global markets from Mike DolanBig Tech heavyweights Microsoft (MSFT.O) and Alphabet...
Frail yen grazes 150 again as anxiety mounts over Middle East
Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo...
Morning Bid: To 5% and beyond, bond yields soar
A look at the day ahead in U.S. and global markets from Mike DolanA buoyant U.S. economy, hawkish Federal Reserve...
Dollar up after inflation data boost
The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis...
