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Pfizer CEO says US pharma industry needs to collaborate with China
By Michael Erman NEW YORK, Oct 14 (Reuters) - Pfizer Chief Executive Albert Bourla said on Tuesday that the U.S. pharmaceutical industry needs to collaborate with China’s, where speedy processes have vaulted it to 30% of global drug development over the past decade. "In biopharma, China&#...Reuters
Wed, Oct 15
S&P Says New Zealand 'Aa+/A-1+' Foreign Currency And 'Aaa/A-1+' Local Currency Ratings Affirmed
Oct 14 (Reuters) - S&P: NEW ZEALAND 'AA+/A-1+' FOREIGN CURRENCY AND 'AAA/A-1+' LOCAL CURRENCY RATINGS AFFIRMEDS&P: NEW ZEALAND'S REAL GDP FELL 1.1% OVER THE 12 MONTHS TO JUNE 2025, AND ECONOMY HAS CONTRACTED IN THREE OF THE LAST FIVE QUARTERSS&P: WE FORECAST THAT NEW...Reuters
Wed, Oct 15
PRESS DIGEST-British Business - October 15
Oct 15 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Finnish health technology company Oura, maker of the Oura ring, said it raised $900 million in its late...Reuters
Wed, Oct 15
RBA's Hunter: Inflation is likely to be stronger than forecast in Q3
Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter said early Wednesday that recent data has been a little stronger than expected, adding that inflation is likely to be stronger than forecast in the third quarter (Q3).Fxstreet
Tue, Oct 14
IMF chief says lack of retaliation against Trump tariffs aiding global growth
IMF's Georgieva says world is continuing to tradeAgile firms, lower effective US tariff rates boost growthGeorgieva says AI 'very big bet', could pay off in productivity gainsBy Karin Strohecker and David Lawder WASHINGTON, Oct 14 (Reuters) - Decisions by most countries to not retalia...Reuters
Tue, Oct 14
RBNZ's Conway: Neutral interest rate is constantly shifting
Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said early Wednesday that the neutral interest rate is constantly shifting. Conway further stated that the central bank doesn’t expect to use additional monetary policy (AMP) tools again anytime soon.Fxstreet
Tue, Oct 14
IMF chief says countries opting not to retaliate against US tariffs helps global economy
WASHINGTON, Oct 14 (Reuters) - The decision by most countries to not retaliate against the United States' trade policy has helped bolster the resilience of the global economy in the face of tariff shocks and financial conditions, the International Monetary Fund chief said on Tuesday. "The wo...Reuters
Tue, Oct 14
Argentina's monthly inflation edges up as key midterm vote draws near
BUENOS AIRES, Oct 14 (Reuters) - Argentina's monthly inflation edged up in September but remained a touch below analysts' forecasts, data showed on Tuesday.Consumer prices are being closely scrutinized in light of recent exchange-rate instability and ahead of a key midterm vote at the end of...Reuters
Tue, Oct 14
Trump ups the ante on anti-trade warnings against China
US President Donald Trump lashed out at China over its recent protectionist trade policies, threatening additional targeted trade restrictions if China goes ahead with imposing fresh rare earth mineral export controls and additional port fees for foreign container ships in Chinese ports.Fxstreet
Tue, Oct 14
Fed's Collins still favors additional rate cuts to aid job market
By Michael S. DerbyOct 14 (Reuters) - Federal Reserve Bank of Boston President Susan Collins reiterated Tuesday that rising risks to the job market support additional central bank interest rate cuts in what remains an uncertain economic environment.“With inflation risks somewhat more contained, but ...Reuters
Tue, Oct 14
Fed's Powell says the end of balance sheet drawdown process may be nearing
QT endgame gains urgency as Fed's RRP usage nears zeroFed's balance sheet shrinks from $9 trillion to $6.6 trillionPowell warns against removing Fed's interest-paying powersBy Michael S. Derby Oct 14 (Reuters) - Federal Reserve Chair Jerome Powell said on Tuesday the end of the centra...Reuters
Tue, Oct 14
FX Today: Inflation in China and Fedspeak should keep investors entertained
The US Dollar (USD) failed to extend its recovery despite the positive start to the day, eventually receding modestly amid the steady lack of progress around any shutdown deal and a persistent risk-off environment.
Fxstreet
Tue, Oct 14
