Fed and banks can do more to reduce liquidity risk -Logan
Federal Reserve Bank of Dallas President Lorie Logan speaks at a conference of the National Association for Business Economics in...
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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...
Central banks need a word with budget masters
LONDON, Nov 10 (Reuters) - If a re-emerging risk premium in bonds is down to government debt sustainability worries, central banks may need to lobby their Treasuries that it's undermining their control of credit.U.S. Federal Reserve officials are puzzling over why bond borrowing rates spiked lately even as Fed policy expectations have remained largely unchanged. Whether a resurfacing "term premium'" now demanded to buy and hold longer-term bonds, is responsible is central to the conundrum.If a sustained or even more volatile risk premium tightens or loosens credit beyond what's intended...
China’s biggest lender ICBC hit by ransomware attack
Industrial and Commercial Bank of China Ltd (ICBC)'s logo is seen at its branch in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsNov 9 (Reuters) - The Industrial and Commercial Bank of China's (ICBC) U.S. arm was hit by a ransomware attack that disrupted trades in the U.S. Treasury on Thursday, the latest in a string of victims ransom-demanding hackers have claimed this year.ICBC Financial Services, the U.S. unit of China's largest commercial lender by assets, said it was investigating the attack that disrupted some of its...
Dollar eyes best week against yen in three months; cryptos leap
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3,...
Crypto lender Celsius Network cleared to exit bankruptcy
Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire...
US Treasury’s Adeyemo sees more actions against Hamas in coming days, weeks
NEW YORK/WASHINGTON, Nov 9 (Reuters) - U.S. Deputy Treasury Secretary Wally Adeyemo told Reuters NEXT on Thursday that the U.S....
Yields jump, stocks fall as Powell suggests higher rates possible
Wall St falls after Powell comments, Treasury auctionUS yields surge after Powell, 30-year auction disappointsBrent ends at over $80/bbl after...
EU watchdog cautions against one-size-fits-all rules for non-banks
European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman Acquire Licensing RightsLONDON, Nov...
FOREX Dollar ticks higher ahead of Fed chair remarks
U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsEuro...
