UPDATE 1-S.Korea c.bank holds fire on rates, investors eye bond purchase plan

UPDATE 1-S.Korea c.bank holds fire on rates, investors eye bond purchase plan
(Adds details, background, analyst comment)SEOUL, Feb 25 (Reuters) - South Korea’s central bank kept interest rates steady on Thursday, maintaining support for a fragile economic recovery while guarding against upward pressure on bond yields from the government’s massive stimulus package.The Bank of Korea held the base rate at a historic low of 0.5%, as expected… Read More

TV series ‘Frasier’ latest ’90s hit to get a revival

TV series ‘Frasier’ latest ’90s hit to get a revival
LOS ANGELES (Reuters) - The hit 1990s TV comedy series “Frasier,” starring Kelsey Grammer as a snobbish radio advice-show host, is coming back to television.FILE PHOTO: Cast member Kelsey Grammer listens to a reporter's question at the Starz session for "Boss" at the Summer Television Critics Association Cable Press Tour in Beverly Hills, California July… Read More

MEDIA-China plans over 40 space launches in 2021

MEDIA-China plans over 40 space launches in 2021
SHANGHAI, Feb 25 (Reuters) --- Source link: (bit.ly/2ZKzNuE)-- China plans to conduct more than 40 space launches in 2021 versus 39 launches carried out last year, state-backed newspaper Global Times reported, citing domestic rocket contractor China Aerospace Science and Technology Corp (CASC).-- CASC also said the construction of China’s first space station is a top… Read More

Roche obtains $43 mln settlement in rebate fraud case

Roche obtains $43 mln settlement in rebate fraud case
Healthcare conglomerate Roche has secured a $43 million settlement from pharmacy network Priority Healthcare Corp and associated entities and individuals, which Roche had accused of engaging in an insurance fraud scheme involving its Accu-Chek diabetes test strips.The settlement, disclosed in a filing in the U.S. District Court for the Northern District of Alabama on Tuesday,… Read More

Prosecutors ordered to give ex-Merrill traders information in spoofing case

Prosecutors ordered to give ex-Merrill traders information in spoofing case
A federal judge in Chicago has ordered prosecutors to hand over evidence from what he called their joint investigation with the U.S. Commodity Futures Trading Commission into commodities spoofing to a pair of former Merrill Lynch traders facing criminal charges.U.S. District Judge John Lee on Wednesday rejected prosecutors’ argument that their probe into the manipulative… Read More

California wage law not pre-empted by federal airline regs: 9th Circuit

California wage law not pre-empted by federal airline regs: 9th Circuit
A U.S. appeals court has ruled that California wage-and-hour law does not interfere with interstate commerce and applies to Virgin America Inc flight attendants based in the state, but tossed out a ruling that said the airline’s method of paying them for blocks of time rather than for each hour worked was illegal.A unanimous three-judge… Read More

Merkel says COVID variants risk third virus wave, must proceed carefully

Merkel says COVID variants risk third virus wave, must proceed carefully
BERLIN (Reuters) - New variants of COVID-19 risk a third wave of infections in Germany and the country must proceed with great care so that a new nationwide shutdown does not become necessary, Chancellor Angela Merkel told the Frankfurter Allgemeine Zeitung.German Chancellor Angela Merkel receives the 2021 report by the Council of Experts on Research… Read More