Euro zone March inflation confirmed at 1.5 percent, core rate revised up Euro zone March inflation confirmed at 1.5 percent, core rate revised up:- Euro zone core inflation was higher than initially forecast, the European Union's statistics office said on Wednesday, while confirming its estimate for the headline figure. Eurostat […]
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Business
East Coast refiner shuns Bakken delivery as Dakota Access Pipeline starts East Coast refiner shuns Bakken delivery as Dakota Access Pipeline starts:- Philadelphia Energy Solutions Inc, the largest refiner on the U.S. East Coast, will not be taking any rail deliveries of North Dakota's Bakken crude oil in June, a […]
Reflation trades fizzle, sterling holds above $1.28 Reflation trades fizzle, sterling holds above $1.28:- Stocks flatlined and gold fell on Wednesday as investors continued to question the 'reflation' trades that had lifted markets since the election of U.S. president Donald Trump in November, while sterling basked in the glow of […]
Trump Buy American edict may have little impact on U.S. steel Trump Buy American edict may have little impact on U.S. steel:- U.S. President Donald Trump's "Buy American, Hire American" executive order on Tuesday left questions about how the government would enforce the order and whether it would make a real difference […]
BofA's profit boosted by surge in trading, investment banking Bank of America (BAC.N) reported a higher-than-expected jump in quarterly profit as bond trading surged and the lender earned more from advising on debt and equity offerings and deals. Wall Street banks have been vitalized by increased market activity prompted by […]
J&J revenue misses on lower-than-expected pharmaceutical sales Johnson & Johnson, which is in the process of completing its $30 billion acquisition of Swiss biotech Actelion, reported on Tuesday quarterly revenue that missed analysts' estimates, hurt by lower demand for its pharmaceutical products. The diversified healthcare company's sales rose to $17.77 […]
Insurer UnitedHealth posts strong results, boosts forecast UnitedHealth Group Inc (UNH.N), the largest U.S. health insurer, reported better-than-expected quarterly results, driven by strength across its businesses, and raised its profit and revenue forecast for the year. The company's shares were up 2.2 percent in premarket trading on Tuesday. UnitedHealth, which […]
Undaunted by oil bust, financiers pour billions into U.S. shale Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry's resurgence. In the first quarter, private equity funds raised $19.8 billion for energy ventures – […]
Aspiring Tech Prodigy Tries to Re-Route Self-Driving Cars Austin Russell, now 22, was barely old enough to drive when he set out to create a safer navigation system for robot-controlled cars. His ambitions are about to be tested. Five years ago, Russell co-founded Luminar Technologies, a Silicon Valley startup trying […]
Trump triggers U.S. bond yield slide, dollar recovers Trump triggers U.S. bond yield slide, dollar recovers:- U.S. Treasury yields tumbled on Thursday and were on track for the biggest weekly decline since late 2015 after U.S. President Donald Trump said he would like to see interest rates stay low, while […]
