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White house: Price hike for Moderna’s COVID shots hard to justify

WASHINGTON (Reuters) – The price hike for Moderna Inc COVID-19 shots is hard to justify, White House spokesperson Karine Jean-Pierre said on Thursday. Moderna is considering pricing its vaccine at $110 to $130 per dose in the United States when it shifts from government contracting to commercial distribution, the company’s chief executive, Stephane Bancel, told …

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South Korea Dec import price growth slowest in 21 months

SEOUL (Reuters) – South Korea’s import prices rose at their slowest pace in 21 months in December, as the local won currency strengthened and oil prices fell, implying weakening pressure on consumer inflation. The prices of the country’s imports stood 9.1% higher in December than a year ago, in terms of the won currency, compared …

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Biden didn’t know classified documents were there in think tank or his home – White House

WASHINGTON (Reuters) – U.S. President Joe Biden did not know that classified documents from his vice presidential days were at a Washington think tank or house in Wilmington, White House spokesperson Karine Jean-Pierre said on Thursday. Biden did not know what was in those classified documents, the White House said after Attorney General Merrick Garland …

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Dow Jones news to lay off 22 employees –union

By Helen Coster (Reuters) -Dow Jones, a division of News Corp that includes the financial news outlets the Wall Street Journal, Barron’s and MarketWatch, plans to lay off 22 employees, according to IAPE, the union representing unionized Dow Jones employees. In a statement to Reuters on Wednesday, a Dow Jones spokesperson said that “several teams …

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City National Bank reaches settlement of redlining allegations with Justice Dept

By Hannah Lang (Reuters) – City National Bank has agreed to pay $31 million to settle lending discrimination allegations with the U.S. Justice Department, the agency said on Thursday. A complaint filed in federal court on Thursday alleged that from 2017 through at least 2020, the Los Angeles-based bank received fewer applications in majority-Black and …

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Oil up more than 1% on U.S. inflation data, demand optimism

By Laila Kearney NEW YORK (Reuters) -Oil prices gained about $1 a barrel on Thursday, supported by figures showing U.S consumer prices unexpectedly fell in December and by optimism over China’s demand outlook. The U.S. consumer price index dipped 0.1%, suggesting inflation was now on a sustained downward trend. Top oil importer China is reopening …

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U.S. inflation retreating as consumer prices fall; labor market still tight

By Lucia Mutikani WASHINGTON (Reuters) – U.S consumer prices fell for the first time in more than 2-1/2 years in December as gasoline and motor vehicles prices declined, offering hope that inflation was now on a sustained downward trend, though the labor market remains tight. Americans also got more relief at the supermarket last month, …

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Dollar slides to nearly 9-month low vs euro after U.S. inflation data

By John McCrank NEW YORK (Reuters) – The dollar tumbled to a nearly nine-month low against the euro on Thursday after data showed U.S. inflation was easing, prompting bets that the Federal Reserve will be less aggressive with rate hikes going forward. The move lower in the dollar came as the Japanese yen surged, hitting …

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UK-France power link reports second unplanned 1000 MW outage

(Reuters) -Britain’s National Grid’s 2-gigawatt power link with France, IFA1 interconnector, reported a second unplanned outage of 1000 MW on Thursday, after facing a similar outage for a few hours earlier in the day, Elexon Remit data showed. The cause of the latest outage, which started at 1619 GMT and was projected to last until …

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Dólar cae a mínimo de casi nueve meses frente al euro por los datos de inflación en EEUU

Por John McCrank NUEVA YORK, 12 ene (Reuters) -El dólar estadounidense cayó el jueves a mínimos de casi nueve meses frente al euro, después de que datos de inflación en Estados Unidos indicaron que los precios seguían una tendencia a la baja sostenida, lo que elevaba las expectativas de que la Reserva Federal sea menos …

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