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(MENAFN - AFP) Consumer prices in the United States rose a bare 0.1 percent in July despite strong gains in food costs, the Labor Department reported Tuesday.

The slowdown in consumer inflation after three months of faster gains left the year-on-year consumer price index (CPI) up 2.0 percent, a level the Federal Reserve's monetary policy makers have regarded as non-threatening.

Food ...

 
(MENAFN - AFP) Portugal is still expected to cut its budget deficit to four percent of economic output this year, even after the country's top court rejected some austerity measures, Fitch said on Tuesday.

"The latest ruling ... reduces a key near-term risk to consolidation and keeps the sovereign on track to hit its fiscal targets this year," said the ratings agency in a ...

 
(MENAFN - AFP) Oil magnate Dinu Patriciu, who founded post-communist Romania's first private company and was once the country's wealthiest person, died Tuesday in a London hospital, media reports said. He was 64.

An architect by training, Patriciu took over the country's second largest oil company, Rompetrol, in 1998 and turned it into a multinational based in The Netherlands ...

 
(MENAFN - AFP) The heads of Britain's largest companies earned 131 times as much as their average employee last year, a study said Monday, exposing the growing pay gap between bosses and workers.

The wage divide has more than doubled since 1998, when the average chief executive of firms in the FTSE 100 earnt 47 times as much as staff, the report found.

The British government ...

 
(MENAFN - AFP) Asian shares rose Tuesday following a bounce on Wall Street as fears ebbed of a direct military clash between Russia and Ukraine and the focus turned to a keynote speech this week by the US Federal Reserve chief.

Tokyo gained 0.83 percent, or 127.19 points, to 15,449.79 and Seoul added 0.88 percent, or 18.01 points, to 2,071.14.

Sydney rose 0.66 percent, ...

 
(MENAFN - AFP) The Ebola virus killed 84 people in just three days, bringing the global death toll to 1,229, the World Health Organization said Tuesday.

The death toll, which passed the 1,000-mark over a week ago, soared higher between last Thursday and Saturday.

The number of confirmed infections jumped by 113 over the three days, bringing the total number of cases ...

 
(MENAFN - AFP) Danish shipping and oil conglomerate AP Moeller Maersk raised its full-year profit guidance on Tuesday after quarterly results were boosted by a strong performance by its container shipping business.

It also said it would return about $1.0 billion (749 million euros) to shareholders over the next year through a share-buyback programme.

The group, which ...

 
(MENAFN - AFP) Cairn Energy reduced group losses in the first half on lower costs, the British oil and gas explorer revealed on Tuesday as it seeks to settle a tax dispute in India.

Net losses stood at $62.1 million (46.5 million euros) in the six months to the end of June compared with a loss after tax of $219.1 million in the first half of 2013, Cairn said in an earnings ...

 
(MENAFN - AFP) Global mining giant BHP Billiton posted a 23.2 percent jump in annual net profit Tuesday and said it will create a new independent company by spinning off non-core assets to reduce costs and boost productivity.

The $13.83 billion result in the year to June 30 - the first time BHP has posted a year-on-year increase in net profit since 2011 - came as spending ...

 
(MENAFN - AFP) Global mining giant BHP Billiton on Tuesday said it will create a new independent company by spinning off some of its aluminium, coal, manganese, nickel and silver assets.

The world's biggest miner said this would allow it to focus exclusively on its core long-life operations - iron ore, copper, petroleum, coal and potash - while reducing costs and improving ...

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