jobless

 
 

US weekly jobless claims fall; mid-Atlantic factory activity rebounds

WASHINGTON, Jan 17 — The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that should continue to underpin the economy. Other data today showed…


US weekly jobless claims point to strong labour market

WASHINGTON, Jan 10 ― The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to sustained labour market strength that could further ease concerns about the economy's health. The report from the…


Dollar slips vs yen, Swiss franc as risk appetite wanes

NEW YORK, Dec 28 ― The US dollar fell against the Japanese yen on Wednesday, giving up most of the gains logged in the previous session, as worries about widening cracks in global stock markets prompted investors to load up on perceived safe-haven…


Second dramatic day for global stocks ends on high note

NEW YORK, Dec 28 ― A wild Christmas week ride in global markets continued yesterday as stocks rallied from significant losses to post gains for the day. For the second consecutive session, early weakness in markets turned to strength by the time…


US jobless claims signal labour market strength after rough patch

WASHINGTON, Dec 27 — The number of Americans filing applications for jobless benefits fell marginally last week in a sign of labour market strength, with claims appearing to stabilise after drifting higher in recent months. Initial claims for…


WSJ: US Commerce Dept won’t publish economic data during shutdown

WASHINGTON, Dec 27 — The US Department of Commerce’s Bureau of Economic Analysis and Census Bureau will not publish economic data during the ongoing partial government shutdown, the Wall Street Journal reported yesterday, citing an agency…


Starbucks’ expansion runs out of steam in South Africa

JOHANNESBURG, SOUTH AFRICA: High operating costs and tight customer budgets have left US coffee giant Starbucks needing a caffeine hit after it abandoned ambitious expansion plans in South Africa – seen as a foothold for the continent. Starbucks looked set to take the country by storm when the opening of its first store in the Rosebank […]


Australia government sees bigger budget surpluses ahead

SYDNEY, Dec 17 — Australia's conservative government today forecast its budget deficit for the fiscal year to June 2019 would shrink to A$5.2 billion (RM15.6 billion), from the A$14.5 billion projected back in May. The Liberal National government…


Stocks lose steam as trade hopes fade, euro dips after ECB

NEW YORK, Dec 13 ― A gauge of world equities gave up early gains and turned negative yesterday, continuing a pattern seen for the past several sessions, while the euro eased after the European Central Bank's policy announcement. In the United…


US stocks rise as ECB cuts growth forecasts

NEW YORK, Dec 13 — Wall Street opened higher today, moving hesitantly after the European Central Bank trimmed growth forecasts and announced the end of a multi-trillion-euro stimulus programme. The gains by US stocks added to yesterday’s…