WASHINGTON (AP) — U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good news heading into the midterm elections. Unemployment dropped another notch, from 3.6% to 3.5%, matching the more than 50-year low reached just before…
BERLIN (Reuters) – Germany wants European Union rules on member states’ debt to be enforced more rigorously, government sources said on Friday, setting out reforms sought by Berlin. The rules must be more clearly defined instead of setting unattainable goals that are open to interpretation, a government source said in Berlin. The goal is to…
(Reuters) – U.S. stock index futures were steady on Friday ahead of data expected to show the pace of job growth slowed in July, but stayed strong enough to keep the Federal Reserve on its policy tightening path. The Labor Department’s employment report, due at 08:30 a.m. ET, is likely to show nonfarm payrolls rose…
BANGKOK (AP) — Economies in the Asia-Pacific are forecast to hit the doldrums this year as decades-high inflation and the war in Ukraine compound geopolitical uncertainties and the aftereffects of the pandemic. A report on Pacific Rim economies by the Asia Pacific Economic Cooperation forum said Friday that growth in the region will likely fall…
WASHINGTON (AP) — The government on Thursday updated its estimate of the U.S. economy’s performance in the April-June quarter and confirmed what it had reported last month: That the economy shrank for two straight quarters. Six months of contraction is a long-held informal definition of a recession. Yet nothing is simple in the post-pandemic economy….
(Reuters) – Global bond funds obtained their biggest weekly inflow in nine months and purchases in money market funds also surged in the week to Aug. 3, as investors favoured safety due to worries about the risk of global recession. Also, jitters about an escalation in Sino-U.S. tensions over U.S. House of Representatives Speaker Nancy…
By Bansari Mayur Kamdar (Reuters) -European shares edged lower on Friday as crude prices continued to weigh on energy stocks, with all eyes on U.S. jobs data expected later in the day. The pan-European index STOXX 600 was down 0.1% amid worries that the U.S. Federal Reserve’s aggressive pace of rate hikes would slow economic…
By Huw Jones LONDON (Reuters) -The London Stock Exchange Group said on Friday that costs and savings targets for integrating data company Refinitiv were on track and that it was launching a 750 million pound ($911 million) share buy-back. Investors are closely monitoring the integration of Refinitiv, which LSEG bought for $27 billion in 2021,…
By Alun John HONG KONG (Reuters) – Asian shares gained on Friday ahead of U.S. jobs data that will give another clue to the health of the world’s largest economy as warning signs flashed in bond markets, and oil traded around its lowest level since the start of the war in Ukraine. MSCI’s broadest index…
NEW DELHI (AP) — India’s central bank on Friday raised its key interest rate by 50 basis points to 5.4% in its third such hike since May as it focuses on containing inflation. Reserve Bank of India Governor Shaktikanta Das projected inflation at 6.7% in this financial year. June was the sixth consecutive month with…
