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Eurozone inflation hits four-year high in February

Inflation in the 19-nation bloc touched 2% in February, details Eurostat, up from a rate of 1.8% the month before and the highest since January 2013 and is slightly above the ECB's target of just below 2%. Coupled with the ECB's zero interest rates, inflation is also undermining already meager returns from savings accounts. Eurostat estimates that the number of unemployed people in the eurozone fell by 56,000 to 15.6 million.

Business

Venice-Based Snap Inc. Makes New York Stock Exchange Debut

Snap CEO Evan Spiegel, has already said his is a camera company. Thursday also marked Snap Inc .'s first day as a publicly traded company. For that early bet, Lasky and his firm are sitting on Snap shares worth $2.9 billion. The New York Stock Exchange carried out a trial run last week to make sure the third-biggest ever technology IPO goes smoothly. That means stockholders will have no sway over matters such as director nominations and executive compensation, and they won't be able to ...

Business

Caterpillar officers at company headquarters raided by federal agents

The company has said that it was cooperating with the investigation, which is being overseen by the USA attorney's office for the Central District of IL. The U.S. attorney's spokeswoman said agents were at Caterpillar locations in Peoria, East Peoria and Morton, Ill. S. Caterpillar subsidiaries and dividend distributions of certain non-U.

Business

Labor Department proposes fiduciary rule delay

Earlier this month, a USA federal court judge in Texas upheld the Department of Labor's fiduciary rule, and now the nine plaintiffs, including several industry trade groups, are appealing the decision. Court of Appeals for the Fifth Circuit on February 25. Consumer groups who support the rule are anxious a delay could open the door for opponents to find ways to weaken or eliminate the rule.

Business

United States stocks surge on Trump's speech, Dow ends above 21000

The Standard & Poor's 500 index gained 32 points, or 1.4 percent, to 2,395. Even before US President Donald Trump delivered his speech to the congress which was expected to shed light on his administration's plans regarding the economy and tax policies, US stocks edged lower on Tuesday snapping the Dow's 12-day winning streak.

Business

We lost $1trn globally on defined project, others - OPEC Secretary

Meanwhile, OPEC appears to be honoring its agreement to cut back its supply but it is unclear if the agreement will be extended beyond the first half of 2017 when it is set to expire. We will continue to focus on the level of inventory drawdown to bring the level closer to the five-year industry average. "In general, something around $60 this year is good".

Business

Berkshire's Abel Gets $17.5 Million After Incentive Plan Expires

While billionaire investor and investment guru's firm more than doubled its stake in tech bellwether firm in current year, a board member has sold almost half of his holdings in the current month. For years, Buffett warned investors away from the industry. Berkshire, which has stakes in Kraft Heinz , Coca-Cola and a number of other companies, and recently invested in Apple , has benefited from the Wall Street rally after Trump's election.

Business

Draper Esprit PLC (GROW) Receives Buy Rating from Numis Securities Ltd

The number of shares UDG Healthcare PLC now has in issue is 246,764,000, which have a value of 670.75 per share calculating UDG Healthcare PLC's market capitalisation to 1.66B GBP. The firm also recently declared a dividend, which will be paid on Wednesday, March 8th. Investors of record on Thursday, April 6th will be issued a dividend of GBX 34 ($0.42) per share.

Business

New Daily Service Between Sacramento and Newark, NJ on United Airlines

The flights are scheduled to arrive into Sonoma County Airport (STS) at 1:30 p.m., 4:40 p.m., and 11:15 p.m. and depart daily at 6 a.m., 2:05 p.m., and 5:20 p.m. Added, Lt. Governor Nancy Wyman, "Direct service to San Francisco will bring more business and innovation, increase tourism opportunity, and is another indicator that Bradley is a global competitor in the travel sector".

Business

Fatal heroin overdoses triple — CDC

Sarah Wakeman, the medical director for Massachusetts General Hospital's Substance Use Disorder Initiative. Back in 2010, the number of overdose deaths was estimated at 38,329 people. Since 2010, the share of overdose deaths from natural and semisynthetic opioids dropped from 29 percent to 24 percent. She said that improvement is needed as more access to treatments Countrywide is one way to achieve the goal.

Business

Final Protesters Removed From Dakota Access Pipeline Protest Camp

Authorities said about 20 fires were set and a 7-year-old boy and a 17-year-old girl were taken to hospitals to be treated for burns. Gov. Doug Burgum says only between 25 and 50 people remain. "I'd like to give Trump a bottle of oil and make him drink it", Sun Bear said. The 1,170-mile (1,885 km) line, built by Energy Transfer Partners LP, will move crude from the shale oilfields of North Dakota to IL en route to the Gulf of Mexico, where many USA refineries are located.

Business

Oil futures end higher after smaller-than-expected inventory rise

Another week, another record for US crude exports. Crude inventories rose 564,000 barrels in the week to February 17, its seventh straight week of increases, compared with analysts' expectations for an increase of 3.5 million barrels, the EIA said.

Business

Pruitt questions agency's authority to regulate carbon

They also show a close relationship between Pruitt and oil and gas exploration and production firm Devon Energy, it said . "No right-wing cause seemed to be off-limits to Pruitt's public office as he focused on weakening protections for the climate and endangered species".

Business

Sunday and holiday penalty rates to be cut

She said the changes would mean workers could lose about $5 an hour. University of Canberra politics, global relations and law student Jessica O'Neill, who supports herself with a casual hospitality job, said the cut could force her to pick up an extra shift that could prevent her from finishing course work.

Business

Fed's Williams Says Historically Low Interest Rates Will Persist

A few participants "noted that continuing to remove policy accommodation in a timely manner, potentially at an upcoming meeting, would allow the committee greater flexibility in responding to subsequent changes in economic conditions". Fed officials also generally agreed on the need to begin discussions at upcoming meetings on how to change the balance sheet re-investment policy. The Fed raised the fed-funds rate in December to a range of between 0.5% and 0.75%.

Business

Home Depot Inc (HD) Does It Again

A number of other research analysts have also recently weighed in on HD. If Home Depot Inc.'s results are any indication, Americans are showing no sign of putting down their tool belts. The stock has been active on the tape, now trading at $143.00, up from yesterday's close by 1.03%. This represents a $3.56 annualized dividend and a yield of 2.45%.

Business

Houston traffic ranked 11th-most congested in U.S., study says

Miamians spent 65 hours in traffic and had an overall congestion rate of 8.7 percent in 2016. Greg Morrison is one of those behind the TomTom Traffic Index and explains how Wearside has in recent times been getting more congested. The company said countries are ranked by a weighted average of their cities' peak hours spent in traffic congestion past year. Ann Arbor was the next closest MI city to come close to sniffing Detroit's ranking as an infuriating city to drive in.

Business

BHP to Trump: protectionism will hurt growth, commodity demand

The comments come less than two months after Mr Mackenzie met US President Donald Trump in NY, who has flagged several isolationist policies including tariffs on imports from BHP's biggest customer, China. Cutifani spoke of targeting "an incremental US$1bn of net cost and volume improvements" this year, and argued that there was no need to sell any more assets, other than for purposes of streamlining.

Business

Health officials: Flu cases on the rise in Arizona

It appears as though the 2016-17 flu season has not yet peaked. The flu shot is an inactivated influenza vaccine. In the United States, the first canine flu vaccine was green-lighted in 2009, or around five years after the first canine-specific strain was found in Florida racing greyhounds and thousands of other dogs of other breeds in different states, Newsweek reported .

Business

National Zoo prepares to say goodbye to giant panda Bao Bao

Her brother Bei Bei takes over her enclosure. 'You know, as soon as she hit the ground, we all knew, she's going to be going to China at some point. Keepers have been trying to help them have a cub for more than a decade now . Bao Bao is the first surviving cub panda born at the National Zoo since 2005.

Business

Crude prices could plunge toward $30 a barrel, bank warns

Transactions on Monday will be booked Tuesday for settlement purposes because of the U.S. Presidents' Day holiday. The IEA notes that the output cut "is certainly one of the deepest in the history of OPEC". He said it was too early to say if the supply cut, which lasts for six months from January 1, would need to be extended or deepened at the next OPEC meeting in May.

Business

Unilever share price: Group faces calls to simplify shareholder structure

Henderson Group Plc's John Bennett, who oversees more than $12 billion, is betting that a failed bid for Unilever may lead the owner of brands like Ben & Jerry's ice cream and Dove soap to consider selling some of its assets. The spokesperson also added that it was in the best interest of both the companies to "step away" in the initial stages so that they can both channel their energies on autonomous plans "to generate value".

Business

Global weapons sales highest since end of Cold War

Arms imports by countries in the Middle East increased by 86% in the five years through 2016, compared with the previous five years. "While China is increasingly able to substitute arms imports with indigenous products, India remains dependent on weapons technology from many willing suppliers, including Russian Federation, the USA, European states, Israel and South Korea", Wezeman said.

Business

Kim Jong Nam | Alias Facebook account shut down

Malaysian police were questioning three suspects - Aisyah, another woman who carried a Vietnamese passport, and a man they said is Aisyah's boyfriend. Her mother-in-law told Indonesian foreign ministry officials yesterday she and her family had no relationship with her since she divorced her husband.

Business

HDFC Bank market cap sails past Reliance Inds on FII buying

The Indian rupee falls against the United States dollar, while the Asian markets trade mixed. The BSE market breadth was skewed in favour of the bears - with 2,169 declines and 664 advances. Oil marketing company Indian Oil Corp. gained 2.3% to 384.50 rupees on news the company will be included in the Nifty 50, Bharat Heavy Electricals ended down 0.1% at 153.40 rupees and Idea Cellular fell 1.7% to 106 rupees, as both would be excluded from the index, effective March 31.