Wall Street grinds out gains as investors digest mixed data

(Reuters) – U.S. stocks reversed course to trade marginally higher on Wednesday as investors digested stronger-than-expected inflation data and a surprise drop in January retail sales, which shifted the focus from rising inflation to the prospect of stagflation. The Labor Department’s core Consumer Price Index, which excluded the volatile food and energy components, increased 0.3 percent in January. Economists polled ...

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Former Dutch PM Lubbers dies aged 78,

AMSTERDAM (Reuters) – Ruud Lubbers, who was prime minister of The Netherlands in the 1980s and early 1990s, died on Wednesday aged 78, the Dutch government said. Lubbers, who also later served as the United Nation’s High Commissioner for Refugees, died at his home “in the presence of his wife and children,” a government statement said. It did not specify ...

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Brit Awards 2018: Stars to wear white rose pins on red carpet

Image copyright AFP / Getty Images Image caption Pop star Rita Ora wore a white rose to the Grammys ceremony earlier this month Every star attending next week’s Brit Awards will be given a white rose pin in support of the #TimesUp campaign. The show’s organisers wrote to the head of every UK record label on Wednesday to inform them ...

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U.S. inflation firms broadly in January, puts spotlight on Fed

WASHINGTON (Reuters) – U.S. consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations the Federal Reserve will have to quicken the pace of interest rate increases this year. The fairly strong inflation report from the Labor Department on Wednesday put more pressure on U.S. financial markets, ...

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U.S. tells NATO allies spending plans still falling short

BRUSSELS (Reuters) – U.S. President Donald Trump’s defense secretary told European allies on Wednesday to step up efforts to increase military budgets and warned that troop contributions to missions did not exempt them from broader spending goals, officials said. Speaking two days after Trump proposed a 30 percent jump in U.S. military funding for Europe to deter Russia, U.S. Secretary ...

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No prospect of Stormont deal, says DUP

There is “no current prospect” of a deal to restore power-sharing in Northern Ireland, the Democratic Unionist Party (DUP) leader Arlene Foster has said. The DUP and Sinn Féin have been locked in negotiations in a bid to end the 13-month stalemate at Stormont. But Mrs Foster said on Wednesday that those talks have been “unsuccessful” and “significant gaps” remain. ...

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GE’s chief communications officer Deirdre Latour to leave company

(Reuters) – General Electric Co (GE.N) said on Wednesday that its chief communications officer and senior adviser, Deirdre Latour, would be leaving the company in mid-March to pursue other opportunities. Linda Boff, GE’s chief marketing officer, will take on the added responsibilities as interim head of communications, until a replacement is found, the industrial goods conglomerate said. (This version of ...

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