By Manas Mishra (Reuters) -Biogen Inc on Thursday tapped former Sanofi boss Christopher Viehbacher as its new chief executive, betting…
Bank of Canada says labor market can weather a slump without a jobless surge
By Steve Scherer and David Ljunggren OTTAWA (Reuters) -Canada’s red-hot labor market can weather an economic slump without seeing a…
ECB’s Nagel calls for letting long-term rates rise too
FRANKFURT (Reuters) – The European Central Bank should let long-term borrowing costs rise too, as it increases short-term interest rates…
U.S. government posts $88 billion deficit in October
(Reuters) – The U.S. government recorded an $88 billion budget deficit in October, the first month of the new fiscal…
WeWork exits 40 U.S. locations after tepid forecast
By Kannaki Deka (Reuters) -WeWork Inc forecast fourth-quarter revenue below estimates and said it will exit about 40 underperforming U.S.…
Regulators seek to reduce Treasury market reliance on big bank dealers
(Reuters) -Regulators are looking to broaden trading in U.S. Treasury securities, potentially opening the doors to a power shift from…
Fed’s Mester: Bank of England navigated stressful chapter well
(Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday the Bank of England did well navigating…
Spain’s ruling parties propose to widen tax to foreign banks’ units
MADRID (Reuters) – Spain’s leftist ruling coalition has submitted amendments to its banking tax proposal that would allow the government…
Bank of England to start selling emergency gilt purchases from Nov. 29
By David Milliken LONDON (Reuters) -The Bank of England will start later this month to sell off some of the…
Swiss central bank responds to U.S. Treasury report on currency manipulators
ZURICH (Reuters) – The Swiss National Bank (SNB) said on Thursday it has taken note of the U.S. Treasury’s latest…