Tag: Economy

SAN DIEGO, Sept. 14, 2021 /PRNewswire/ — i2020, an accelerator program backed by the San Diego-based venture company Torrey Pines Investment, has announced two new start-up investments together with OrbiMed Advisors. The start-up proceeds will finance new oncology-focused companies: Gwynant Therapeutics and Celyn Therapeutics. The companies will use the proceeds to bring proprietary small molecule…

© Reuters. FILE PHOTO: The City of London financial district can be seen as people walk along the south side of the River Thames, amid the coronavirus disease (COVID-19) outbreak in London, Britain, March 19, 2021. REUTERS/Henry Nicholls LONDON (Reuters) – London will remain a leading global financial centre despite uncertainty over regulation due to…

2/2 © Reuters. FILE PHOTO: The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly 2/2 By Pete Schroeder WASHINGTON (Reuters) – The U.S. Treasury Department met with a number of industry participants this week to quiz them about the risks and benefits posed by stablecoins –…

WASHINGTON (Reuters) – The International Monetary Fund on Friday said it would begin a virtual mission to Belarus, amid concerns raised about the global lender’s disbursement of new emergency reserves to the government of president Alexander Lukashenko. The staff mission is part of the IMF’s economic surveillance and monitoring mandate and aims to gather more…

© Reuters. FILE PHOTO: People walk past the Bank of England during morning rush hour, amid the coronavirus disease (COVID-19) pandemic in London, Britain, July 29, 2021. REUTERS/Henry Nicholls/File Photo By Jonathan Cable LONDON (Reuters) – The Bank of England will raise borrowing costs by end-2022, earlier than previously thought, and there is a chance…

2/2 © Reuters. FILE PHOTO: 20 Euro banknotes are seen in a picture illustration, August 1, 2016. REUTERS/Regis Duvignau/Illustration//File Photo 2/2 By Hans Seidenstuecker and John O’Donnell BERLIN/FRANKFURT (Reuters) -German prosecutors raided the finance and justice ministries on Thursday as part of an investigation into the government’s anti-money laundering agency, putting the spotlight on Germany’s…

© Reuters. FILE PHOTO: Raphael Bostic, president of the Federal Reserve Bank of Atlanta, poses for a photo in Knoxville, Tennessee, U.S., March 23, 2018. REUTERS/Ann Saphir/File Photo (Corrects to say Bostic is currently a voting member on the FOMC in last paragraph) (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic believes the…

2/2 © Reuters. FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo 2/2 By Julie Gordon OTTAWA (Reuters) -The Bank of Canada left rates unchanged on Wednesday and said it expects growth to strengthen in the second half following a shock contraction…

© Reuters. FILE PHOTO: Arrangement of various world currencies including Chinese yuan, U.S. dollar, Euro, British pound, pictured January 25, 2011 REUTERS/Kacper Pempel/Illustration/File Photo LONDON (Reuters) – Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the…

© Reuters. FILE PHOTO: Staff members chat as they prepare a seminar of Australia China bilateral cooperation in resources and infrastructure in West Australia, in Beijing July 23, 2009. REUTERS/Jason Lee/Files SYDNEY (Reuters) – Australia must diversify its economy to rely less on China, its largest trading partner, Treasurer Josh Frydenberg said on Monday, as…