Fall in US jobs is far less than expected Irish Times | US EMPLOYMENT fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth. | Non-farm payrolls fell 54,000, the Labor Department said yesterday, helping assuage fear...
Stocks rally as jobs data spurs optimism The Times Of India NEW YORK: Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession. | The S&P 500 gained 3.8 per cent for the week, its best in eight, setting the stage for a...
Global economic forum tries to decide: Is world healthy or just doomed? Herald Tribune | CERNOBBIO, Italy - Is the global economy out of the woods? AC = 1234 | --> | Two years after a near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally ...
Treasury prices fall on jobs report Herald Tribune | NEW YORK - Treasuries took a slide on Friday after the latest Labor Department report showed private employers added more jobs than economists expected. AC = 1234 | --> | The price of the benchmark 10-year note slipped 65.625 cents in late trading ...
Vietnam Arrests 4 More Executives Of Shipbuilder The Street The former executives for the Vietnam Shipbuilding Industry Group — or Vinashin — have been accused of intentionally violating regulations causing serious losses to the state. | The four were taken into custody Monday, but the arrests were not re...
'broad-based Job Gains' Houston Chronicle | WASHINGTON - Private employers hired more workers over the past three months than first thought, a glimmer of hope for the economy ahead of the Labor Day weekend. But the unemployment rate rose because not enough jobs were created to absorb the gro...
AP / Mary Altaffer
US STOCKS-Wall St rallies as jobs data spurs optimism The Guardian * Payrolls better than expected, double-dip fears ease * Financial, tech shares lead advance as risk returns * Dow up 1.2 pct, S&P 500 up 1.3 pct, Nasdaq up 1.5 pct (Updates to clo...
US Ag Secretary Vilsack applauds farmers and Obama administration The Examiner | Agriculture Secretary Tom Vilsack has released the following statement in response to two USDA reports that show the strength of the overall rural economy and growth in agricultu...
Stocks, commodities gain on labour market report Business Report | By Herbert Lash | New York - Stocks jumped and commodities rose on Friday after data showing fewer US job losses than expected reinforced other reports this week to ease fears the American economy is on the cusp of a new recession. | The US dollar ...
Mozambique 'lost $3m because of riots' Business Report | Maputo - Mozambique's economy has lost more than $3-million because of deadly riots over the rising prices of food and other goods, the government said on Friday, as state media reported new protests in two other towns. | Those losses include damag...
Obama gets thumbs up on Iraq, down on economy: Poll Zeenews Washington: US President Barack Obama's approval rating appears to have edged up after his speech on the Iraq war but he still gets bad marks on the economy, according to a new poll. | The CNN/Opinion Research Corporation survey released on Friday in...
Has the housing market recovered? The Examiner | Pending sales of previously owned U.S. homes rose unexpectedly in July, sparking a market rally on Wall Street. Investors must certainly suffer from short-term memory loss, as last week’s announcement that sales of previously owned homes dropped by 27.3 percent renewed fears that the economic recovery will stall. The free market spirit was down...
What's crimping Japan? Money Week | Currency traders may talk of the yen soaring to a new record against the dollar, but no one is getting excited about Japanese stocks. Indeed, the Nikkei 225 index has fallen even as the yen has strengthened. "It may be overdoing it to say that the strong yen has caused the stockmarket to weaken," says John Higgins of Capital Economics. But there'...
What's crimping Japan? Money Week | Currency traders may talk of the yen soaring to a new record against the dollar, but no one is getting excited about Japanese stocks. Indeed, the Nikkei 225 index has fallen even as the yen has strengthened. "It may be overdoing it to say that the strong yen has caused the stockmarket to weaken," says John Higgins of Capital Economics. But there'...
