(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.
(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) 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.
(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.
(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 ...