By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in May and maintained a fairly strong pace of wage increases, signs of labor market strength that will keep the Federal Reserve on an aggressive monetary policy tightening path to cool demand. The Labor Department’s closely watched employment report on Friday also…
BAKHMUT, Ukraine (AP) — As the fighting in eastern Ukraine inches forward, Russian attacks are knocking out power, water and gas to entire towns and cities — and the utility crews sent to repair the smashed transmission lines and pipes are finding themselves in the middle of the shelling. Crews sometimes arrive at a location…
TOKYO (Reuters) – Japan’s government is considering resuming a national travel discount campaign as soon as late this month to help the tourism industry recover from a COVID-19 slump, the Nikkei newspaper said on Saturday. A revived “Go To Travel” campaign would likely serve as a core measure to stimulate consumer demand, the business daily…
By Sinéad Carew, Devik Jain and Anisha Sircar (Reuters) – Wall Street’s three major stock indexes ended lower on Friday after a solid jobs report ate in to hopes for a pause in the Federal Reserve’s aggressive policy-tightening which is needed to cool decades-high inflation. The technology-heavy Nasdaq led the declines, falling 2.5% as shares…
By Akash Sriram and Divya Rajagopal (Reuters) -Rogers Communications Inc on Friday asked a tribunal to scrap Canada competition bureau’s rejection to its C$20 billion ($15.9 billion) purchase of Shaw Communications Inc, arguing the merger would create more competition rather than stifle it. Calling the opposition to the deal “unreasonable”, Rogers said the bureau had…
BUENOS AIRES (Reuters) – Analysts consulted by Argentina’s central bank raised their inflation estimate for the South American country for 2022 to 72.6%, 7.5 percentage points above the previous month’s forecast, according to a monthly survey published Friday. Meanwhile, inflation for the month of May was expected to have been at 5.2%, according to the…
By Chinekwu Osakwe (Reuters) – Goodwin Procter said Friday that it has hired two private equity partners for its Washington, D.C., and Santa Monica, California, offices. Andrew Kimball joined the firm in the nation’s capital from Kirkland & Ellis. Andrew Cheng, who spent more than 18 years at Gibson Dunn & Crutcher, has joined in…
BERLIN (Reuters) – Food deliverer Delivery Hero will drop out of Germany’s blue chip stock index DAX replaced by consumer goods maker Beiersdorf from June 20, stock market operator Deutsche Boerse said on Friday. Just over a year after being relegated from the DAX, the Nivea cream maker and Hansaplast wound care Beiersdorf replaces Delivery…
By Chibuike Oguh NEW YORK (Reuters) -Global equity markets fell as U.S. Treasury yields reached two-week highs on Friday after data showed the American economy generated a greater-than-expected number of jobs in May, signaling the Federal Reserve will likely continue raising interest rates in its effort to curb inflation. The Labor Department’s closely watched employment…
(Reuters) – Rogers Communications Inc on Friday responded to the Canada competition bureau’s attempts to block its C$20 billion ($15.89 billion) deal to buy Shaw Communications Inc, arguing the merger would create more competition rather than stifle it. ($1 = 1.2588 Canadian dollars) (Reporting by Akash Sriram in Bengaluru; Editing by Krishna Chandra Eluri)
