Author: Press Room

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen attends a press conference after a meeting with Chinese Vice Premier He Lifeng, ahead of a U.S.-hosted APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S., November 10, 2023. By David Lawder and Ann Saphir SAN FRANCISCO (Reuters) – U.S. Treasury Secretary Janet Yellen on Monday said negotiations on the trade section of Indo-Pacific Economic Framework will need further work, a setback for the Biden administration which had hoped to announce substantial completion this week. Yellen told a news conference there has been “very substantial progress” on three of the…

© Reuters. FILE PHOTO: A sign advertising the upcoming APEC (Asia-Pacific Economic Cooperation) Summit in see as the city prepares to host leaders from the Asia-Pacific region in San Francisco, California November 8, 2023. REUTERS/Carlos Barria/File Photo By Michael Martina SAN FRANCISCO (Reuters) – Top business leaders in the United States are expected to dine with Chinese President Xi Jinping in San Francisco on Wednesday as he seeks to court American companies and counter his country’s recent struggles to entice foreign investment. The dinner on the margins of the Asia-Pacific Economic Cooperation (APEC) forum will follow a day of talks…

© Reuters. FILE PHOTO: A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port in the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo SINGAPORE (Reuters) – Oil prices inched up on Tuesday after an OPEC report said market fundamentals remained strong and due to concerns supplies might be disrupted as the U.S. cracks down on Russian oil exports. futures rose 33 cents, or 0.4%, to $82.85 a barrel by 0113 GMT. U.S. WTI crude futures were also up 33 cents, or 0.4%, at $78.59 a…

Mohammed Haneefa Nizamudeen Shares of Genfit (NASDAQ:GNFT) shot up 20% in after-hours trading Monday after the biotech company and partner Ipsen (OTCPK:IPSEY) announced the presentation of positive results from a Phase 3 study of their drug elafibranor in the treatment of the rare liver disease primary biliary cholangitis, or PBC. The data was presented on Monday at the American Association for the Study of Liver Diseases, or AASLD, meeting and was simultaneously published in the New England Journal of Medicine, according to the companies. Elafibranor received breakthrough therapy designation from the FDA for the treatment of adults with PBC who…

Two top officials on former President Donald J. Trump’s 2024 campaign on Monday sought to distance his campaign team from news reports about plans for what he would do if voters return him to the White House.Susie Wiles and Chris LaCivita, who are effectively Mr. Trump’s campaign managers, issued a joint statement after a spate of articles, many in The New York Times, about plans for 2025 developed by the campaign itself, and trumpeted on the trail by Mr. Trump, as well as efforts by outside groups led by former senior Trump administration officials who remain in direct contact with…

Everyone is freaking out about the new Slack update.It includes lots of new theme colors, including gradient mixes.Some colors are nice, but others … are not our favorites. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By now, you’ve probably seen that some — ahem, many — people are kind of pissed about the new Slack update.Slack, now the go-to messaging app for many offices and workspaces, was initially released in 2013 and has only grown in popularity. The company hosts over 10 million…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Health leaders have urged ministers to “pull every lever” to prevent any further strikes, warning that NHS England cannot afford more industrial action as the service braces for one of its most testing winters.The warning by NHS Providers, which represents health organisations across England, came as talks continued between the government and the British Medical Association doctors’ union to resolve its fractious longstanding pay dispute.Strikes across the health service since December 2022 have compounded the pressures faced by NHS England ahead of winter, with…

© Reuters. People walk past a screen displaying the Hang Seng stock index at Central district, in Hong Kong, China October 25, 2022. REUTERS/Lam Yik/File Photo By Ankur Banerjee SINGAPORE (Reuters) – Asian shares inched up on Tuesday in cautious trading ahead of a crucial U.S. inflation report that could heavily influence the Federal Reserve’s policy outlook, while the fragile yen flirted with one-year lows, putting it back in the intervention zone. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.49% higher, while Tokyo’s gained 0.36%. Australia’s was up 0.61%. The Japanese yen was at 151.71 per dollar in…

© Reuters. Car miniature, “Electric vechicles (EVs)” words, U.S. and Chinese flags are seen in this illustration taken, September 26, 2023. REUTERS/Dado Ruvic/Illustration By David Shepardson WASHINGTON (Reuters) – Democratic Senator Joe Manchin urged the U.S. Treasury on Monday to adopt the “strictest possible standards” to prevent Chinese-produced minerals or Chinese battery companies from winning electric vehicle tax credits. Manchin, who chairs the Senate Energy Committee, raised concerns in a letter to Treasury Secretary Janet Yellen about reports Chinese battery companies are actively pursuing business opportunities to take advantage of the credits, adding U.S. tax credits “cannot be allowed to…

© Reuters. Investing.com– Oil prices rose slightly in Asian trade on Tuesday, extending gains after a report from the Organization of Petroleum Exporting Countries helped ease some concerns over slowing demand. Crude prices also took mild support from the U.S. buying 1.2 million barrels of crude to refill the Strategic Petroleum Reserve, while reports of a stricter crackdown on Russian oil exports also signaled tighter markets.  But gains in oil prices were limited as traders hunkered down before a key U.S. inflation report due later in the day, which is widely expected to determine the path of interest rates in…