(Reuters) – Moderna Inc and Swiss contract drugmaker Lonza Group AG said on Friday they would accelerate the manufacturing of the U.S. drug developer’s potential coronavirus vaccine. The announcement comes at a time when drugmakers are pausing clinical trials ... More »
WASHINGTON (Reuters) – U.S. President Donald Trump accused Russia and China on Monday of devaluing their currencies while the United States raises interest rates. “Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest ra... More »
IMF official Chris Jarvis at a news conference in Cairo, Egypt August 11, 2016. REUTERS/Mohamed Abd El Ghany The International Monetary Fund (IMF) has welcomed Egypt’s decision to float its pound currency on Thursday, it said in a statement, adding that the de... More »
CAIRO Egypt has reached a preliminary agreement with the International Monetary Fund after nearly two weeks of talks to secure a $12 billion lending program and will make an announcement on Thursday, two government sources said. The sources said no deal had be... More »
SHANGHAI Financial leaders of the world’s 20 biggest economies agreed to inform each other in advance about policy decisions that could lead to devaluations of their currencies, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Saturday. ... More »
BAGHDAD Iraq’s central bank has increased the sale price of U.S. dollars to banks and currency exchange companies by 16 dinars, or 1.37 percent, as the government seeks to compensate a decline in oil revenue, a government official and the central bank said. Th... More »
BERLIN French Economy Ministry Emmanuel Macron said on Tuesday developments in China pose a risk that should not be underestimated. He was speaking at an event with German Foreign Minister Frank-Walter Steinmeier in the German capital. (Reporting by Andreas Ri... More »
SHANGHAI China’s currency fell to a four-year low on Wednesday, slumping for a second day, after a central bank devaluation on Tuesday, and government sources believe the yuan may be allowed to slide even further to help the country’s exporters. The yuan trade... More »
