By Koh Gui Qing NEW YORK (Reuters) -Government bond yields resumed their upward climb on Friday as a key part of the U.S. Treasury yield curve inverted once more on signs of persistent inflation, while falling oil prices ended the week with their sharpest weekly drop in two years. U.S. data released on Friday showed…
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and is likely to keep the Federal Reserve on track to maintain its hawkish policy stance. The Labor Department’s employment report showed a rapid hiring…
(This Mar 31 story corrects spelling of name in third paragraph) MEXICO CITY (Reuters) – The U.S. government should take stronger action to fight discrimination and sexual harassment in temporary work programs for migrants, an advocacy group for Mexican women who complain of such abuse said on Thursday. Although the U.S. and Mexican governments have…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers maintained a brisk pace of hiring in March, driving the unemployment rate to a new two-year low of 3.6% while also boosting wages, resulting in a further tightening of labor market conditions and opening the door to a hefty 50 basis points interest rate hike from the…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and is likely to keep the Federal Reserve on track to maintain its hawkish policy stance. The Labor Department’s employment report showed a rapid hiring pace…
By Marwa Rashad LONDON (Reuters) -European governments and companies worked on a common approach on Friday to Russia’s demand that they pay for its gas in roubles as the threat of an imminent supply halt eased. European capitals have been on alert for a disruption to gas imports as Russian President Vladimir Putin seeks retaliation…
By Doyinsola Oladipo and Nivedita Balu (Reuters) -Workers at an Amazon.com Inc warehouse in New York City have voted to form the first union at the second-largest U.S. private employer, a victory for the new, independent union that adds to recent success by labor activists pushing into new industries. Employees at the online retailer’s fulfillment…
By David Shepardson WASHINGTON (Reuters) -President Joe Biden’s administration on Friday sharply boosted fuel economy standards for vehicles, reversing former President Donald Trump’s rollback of U.S. regulations aimed at improving gas mileage and cutting tailpipe pollution. The National Highway Traffic Safety Administration (NHTSA) announced it will boost fuel efficiency requirements by 8% for both the…
LONDON (Reuters) – Nickel volumes on the London Metal Exchange (LME) slid 28% month-on-month in March during a period of chaotic trading that included a shutdown, data showed on Friday. The exchange, the world’s oldest and largest market for industrial metals, suspended nickel trading on March 8 after prices spiked by more than 50% in…
By Anthony Boadle BRASILIA (Reuters) -Toronto-based Brazil Potash Corp has laid out for Brazilian President Jair Bolsonaro this week its plans to reduce his country’s dependence on fertilizer imports disrupted by the Ukraine war by opening a potash mine in the Amazon. The company’s owner, investment banker Stan Bharti, met with Bolsonaro on Monday to…
