China forex regulator will prevent cross-border capital flow risks

BEIJING (Reuters) – China will strengthen the monitoring and analysis of the foreign exchange situation to fend off cross-border capital flow risks, the country’s forex regulator said in a statement on Wednesday. The State Administration of Foreign Exchange (SAFE) also said it will continue to steadily push forward high-level opening up of capital accounts. (Reporting …

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U.S. FDA allows abortion pills to be sold at retail pharmacies

By Ahmed Aboulenein WASHINGTON (Reuters) -The U.S. Food and Drug Administration (FDA) will allow retail pharmacies to offer abortion pills in the United States for the first time, the agency said on Tuesday, even as more states seek to ban medication abortion. The regulatory change will potentially expand abortion access as President Joe Biden’s administration …

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Trump urges House Republicans to back McCarthy for speaker

WASHINGTON (Reuters) – Former Republican President Donald Trump threw his weight behind Representative Kevin McCarthy on Wednesday, telling U.S. House Republicans that they should back the California Republican’s bid for the speakership. “It’s now time for all of our GREAT Republican House Members to VOTE FOR KEVIN, CLOSE THE DEAL, TAKE THE VICTORY,” Trump posted …

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Upbeat economic data powers European shares to third day of gains

By Bansari Mayur Kamdar (Reuters) -European shares extended gains on Wednesday as a lower inflation reading from France, the euro zone’s second-biggest economy, and better-than-expected business activity data boosted sentiment. The pan-European STOXX 600 rose 0.8%, while France’s CAC 40 added 1.3%. Data on Wednesday showed euro zone business activity contracted less than initially thought, …

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UK public’s inflation expectations fell in December: Citi/YouGov

LONDON (Reuters) – The British public’s expectations for future inflation fell last month, according to a survey from Citi and YouGov which the U.S. bank said showed a reduced risk that a recent 41-year high in inflation would become entrenched. The BoE closely watches surveys of households’ inflation expectations, as it believes they can offer …

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Moderna snaps up Japan’s OriCiro Genomics in mRNA manufacturing push

(Reuters) -Moderna Inc on Wednesday agreed to buy Japan-based OriCiro Genomics for $85 million to boost the U.S. drugmaker’s messenger RNA (mRNA) manufacturing capabilities. The Japanese company is working on the development and commercialization of cell-free synthesis and amplification of a type of DNA molecule for use in mRNA manufacturing. OriCiro’s technologies will support Moderna’s …

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