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(MENAFN - AFP) France's finance minister on Tuesday hinted that the country's much-vaunted aim to cut 21 billion euros ($28 billion) in public spending next year could be in jeopardy due to low inflation.

"We can't have the same targets with an inflation that is becoming very low," Michel Sapin told AFP in an interview, in response to a question on whether the 2015 savings ...

 
(MENAFN - AFP) Oil services company Halliburton said Tuesday it would pay a $1.1 billion settlement over its role in the 2010 Gulf of Mexico oil rig blowout that led to the United States' most disastrous oil spill.

Halliburton said the money would be paid to the Gulf fishing industry and other victims of the Deepwater Horizon disaster, including some claims made in suits ...

 
(MENAFN - AFP) The Washington Post has a new publisher, owner Jeff Bezos announced Tuesday in his latest move to reshape the prestigious daily for the digital era,

Bezos, the Internet entrepreneur and founder of Amazon, named Fred Ryan as publisher and chief executive, replacing family scion Katharine Weymouth.

Ryan is a former Reagan administration official and part ...

 
(MENAFN - AFP) Europe's main stock markets made uncertain gains on Tuesday and the euro steadied at a low level against the dollar, as traders shrugged off geopolitical concerns over Ukraine.

In early afternoon trading, London's benchmark FTSE 100 index was ahead by just 0.03 percent to 6,827.64 points, although Frankfurt's DAX 30 index was showing a gain of 0.42 percent ...

 
(MENAFN - AFP) The controversial but popular car pick-up service Uber hit a roadblock on Tuesday when a German court slapped it with an injunction on the grounds it lacks the necessary legal permits.

A regional court in Frankfurt ruled that the San Francisco-based firm, which allows passengers to summon cars using an app on their smartphones at prices that significantly undercut ...

 
(MENAFN - AFP) Activity in the US manufacturing sector picked up pace in August, to its best level since August 2011, the Institute for Supply Management said Tuesday.

Helped by a pickup in production and new orders, the ISM's manufacturing purchasing managers index rose by 1.9 points to 59.0. A reading above 50 indicates expansion.

The component for production rose ...

 
(MENAFN - AFP) Dollar General on Tuesday sweetened its bid to acquire Family Dollar and threatened to launch a hostile takeover campaign in the latest twist in a bidding war among discount retailers.

Dollar General, the largest US deep-discount chain, raised its all-cash bid for Family Dollar to $80 per share from $78.50, while also agreeing to pay Family Dollar $500 million ...

 
(MENAFN - AFP) Europe's main stock markets pushed higher on Tuesday but the euro hit a one-year dollar low, as investors eyed European Central Bank stimulus hopes and shrugged off geopolitical fears over Ukraine.

Nearing midday, London's benchmark FTSE 100 index added 0.14 percent to 6,835.07 points, Frankfurt's DAX 30 index won 0.88 percent to 9,562.11 points and the Paris ...

 
(MENAFN - AFP) Inflation in advanced democracies slowed in the year to July but was well above the eurozone level now flirting with deflation, OECD data showed on Tuesday.

Inflation across the OECD 34 members was 1.9 percent in the year to July from 2.1 percent in June.

This is a sharp fall from one month to the next, but still leaves inflation around the level of ...

 
(MENAFN - AFP) World oil prices fell on Tuesday after disappointing manufacturing data on top energy consumer China as well as Europe, and as dealers await fresh US economic figures, analysts said.

Brent North Sea crude for October dipped 71 cents to $102.08 per barrel in early afternoon London deals.

US benchmark West Texas Intermediate for October delivery shed 69 ...

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