By Jennifer Rigby DUBLIN (Reuters) – Weight loss drug Wegovy has transformed the obesity market and pharmaceutical companies with existing treatments are hoping the resulting demand will boost demand for their older, less effective but cheaper, drugs. A weekly injection of Wegovy, which was launched in the U.S. in June 2021, leads to an average…
A look at the day ahead in European and global markets from Tom Westbrook Last month, better-than-expected PMI surveys helped pep markets’ mood and kept stocks levitating near recent highs. This time, economists are expecting another bullish take on the world from supply-chain managers and for services to again make up for lacklustre manufacturing. European…
By Chris Taylor NEW YORK (Reuters) – As any fan of spy thrillers knows, there is only one place to put your really valuable stuff: A safe deposit box. But even if you are not Jason Bourne – who needs somewhere to store his multiple passports, guns, and stacks of foreign cash – safe deposit…
(Reuters) – Russia’s Foreign Ministry said on Monday that Group of Seven nuclear “rhetoric” has the sole aim of exerting psychological, military and political pressure on Moscow and Beijing. In the first ever communiqué on nuclear disarmament issued at the G7 summit last week, the group called on Russia and China to show greater transparency…
LONDON (Reuters) – British Finance Minister Jeremy Hunt plans to raise concerns about the surge in food prices and discuss ways to ease the strain on families when he meets food manufacturers on Tuesday, his office said in a statement. “High food prices are proving stubborn so we need to understand what’s driving that,” Hunt…
By Pavel Polityuk KYIV (Reuters) -Russia said on Monday it was battling a cross-border incursion by saboteurs who burst through the frontier from Ukraine, in what appeared to be one of the biggest attacks of its kind since the war began 15 months ago. The governor of Russia’s Belgorod region, Vyacheslav Gladkov, said a Ukrainian…
By Chris Prentice and Nell Mackenzie NEW YORK/LONDON (Reuters) -Wall Street shares were mixed and European stocks finished little-changed as talks in Washington resumed to avert a U.S. default, while gold prices retreated under pressure from hawkish remarks by Federal Reserve officials. Oil prices finished higher on demand optimism. U.S. treasury yields rose. House Republican…
BERLIN (Reuters) – Germany plans to earmark around 4 billion euros ($4.40 billion) annually to subsidize electricity prices for energy-intensive industries, to support an industrial move away from fossil fuels and discourage firms from moving offshore. The government last year introduced electricity and gas price caps to shield industry and households from rising energy prices,…
By Daniel Wiessner (Reuters) -First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of poaching more than 40 of the failed bank’s employees in order to launch its own U.S. venture banking business. The lawsuit filed in San Francisco federal court says HSBC violated…
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday dismissed long-running litigation by investors who accused HSBC Holdings Plc and Bank of Nova Scotia of conspiring to fix silver prices. U.S. District Judge Valerie Caproni in Manhattan said the investors lacked legal standing to pursue federal antitrust claims under the Sherman Act,…
