Rising rents and medical costs lifted underlying U.S. inflation in January by the most in nearly 4-1/2 years, signs of an uptick in price pressures that could allow the Federal Reserve to gradually raise interest rates this year.
Continue reading “U.S. core consumer prices post largest gain in four-and-a-half years”
U.S. gasoline inventories last week surged the most since 1993, overshadowing an unexpected slump in crude stocks, data from the Energy Information Administration showed on Wednesday.
Continue reading “U.S. gasoline stocks surge most since 1993; crude draws down”
U.S. crude stocks fell last week, while gasoline rose unexpectedly in the middle of summer driving season, data from the Energy Information Administration showed on Wednesday.
Continue reading “U.S. crude stocks fall, gasoline rises unexpectedly”
Barclays Plc is planning to raise pay for junior investment bankers as the British bank seeks to retain talent, Bloomberg News reported, citing two persons familiar with the matter.
Continue reading “Barclays plans to raise junior bankers’ pay to retain talent -Bloomberg”
About $180 billion of contracts for new construction projects will be awarded in wealthy Gulf states this year, the largest amount for six years, despite falling oil prices, according to a study published on Thursday.
Continue reading “New Gulf projects to hit $180 bln this year despite oil price -study”