PARIS (Reuters) – Sanofi is dropping plans for its own mRNA-based COVID-19 vaccine because of the dominant role of the BioNTech-Pfizer alliance as well as Moderna in the fight against the pandemic, the company said on Tuesday.FILE PHOTO: A test tube is seen in front of a displayed Sanofi logo in this illustration taken September […]

Two top US Federal Reserve officials today warned that failing to raise the US debt ceiling would have catastrophic consequences as Republicans in the Senate blocked a bill to increase the borrowing limit and stave off a government shutdown. John Williams, the president of the Federal Reserve Bank of New York, said the US central bank […]

FILE PHOTO: The headquarters of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton/File PhotoHONG KONG (Reuters) – Morgan Stanley’s Asia Pacific co-chief executive Wei Sun Christianson will retire from the bank after nearly two decades at the end of 2021, according to a memo reviewed by Reuters. Christianson will remain as […]

WASHINGTON (Reuters) – U.S. consumer and public interest groups on Monday kept up the pressure on Federal Reserve Chair Jerome Powell to impose stricter ethics rules on Fed officials, after two Fed bank presidents resigned because of controversial investing activity last year.FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. […]

WASHINGTON (Reuters) -Two Federal Reserve officials that came under scrutiny for investment trades they made last year announced their retirements on Monday.FILE PHOTO: The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren speaks during the “Hyman P. Minsky Conference on the State of the U.S. and World Economies”, in New York, April […]

A Federal Reserve Bank president who recently came under fire for securities trading he engaged in last year, when the central bank was active in rescuing financial markets from the pandemic crisis, said he would retire nine months ahead of schedule. Eric S. Rosengren, who is president of the Federal Reserve Bank of Boston, will […]

Few in the battalions of big business in Britain endured a tougher pandemic than Rolls-Royce. Around half of the aircraft engine maker’s revenues come from civil aviation and these in turn depend in no small part on the number of hours that its engines are actually in the air. Flying hours account, in total, for […]

(Reuters) -The Nasdaq was set to fall at the open on Monday as investors swapped technology heavyweights for stocks linked to economic growth amid increasing confidence in a recovery.FILE PHOTO: A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermidNasdaq 100 […]

KUALA LUMPUR (Reuters) -Malaysia’s AirAsia X Bhd on Monday posted a record quarterly loss of $5.9 billion, eight times more than a year ago, as a multi-billion-dollar provision to cover debts drove operating costs higher.FILE PHOTO: Tail of AirAsia X plane as seen at the Garuda Maintenance Facility AeroAsia in Tangerang, Indonesia, September 20, 2017. […]

Fast-rising house values are earning owners more from their properties than from their jobs, with most suburbs seeing $100,000+ annual growth. Kelvin Davidson, chief property economist at CoreLogic, said the latest value growth data shows many owners are “earning more on paper from simply having a property than going to work every day”. Values were […]