U.S. job growth accelerates, July rate cut still expected
U.S. job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
Fed faces tougher task in deciding whether to cut U.S. rates
U.S. employers are hiring workers, but that is only making the Federal Reserve’s job harder.
Brent oil rises on Iran tensions and OPEC, U.S. crude slips
Brent oil prices edged up on Friday, supported by tensions over Iran and a decision by OPEC and its allies to extend an output supply cut deal until next year, while U.S. benchmark crude prices fell on weak economic indicators.
Wall Street drops as strong jobs report cools rate cut hopes
U.S. stocks lost ground on Friday, retreating from record levels hit in the previous session, after strong U.S. job growth in June pushed investors to scale back bets on aggressive interest rate cuts by the Federal Reserve.
BMW poised to pick production chief as CEO after Krueger bows out
BMW board member Oliver Zipse, a 55 year-old company veteran, is the front runner to become the carmaker’s new chief executive, sources said on Friday after Harald Krueger announced he would not stay on beyond April 2020.
Graphic: America’s economy and wages are cooling but not its female workforce
Data released on Friday showed a return to strong job growth in the United States, allaying some fears the U.S. economy is on a short path to recession. But the data also reinforced the view that economic growth is slowing.
Fed describes labor market as strong, weak inflation as ‘transitory’
U.S. economic growth continued “at a solid pace” in the first half of the year though it likely weakened in recent months as higher tariffs depressed global trade and business investment weakened, the Federal Reserve said on Friday in its semi-annual r…
Exit of Deutsche Bank’s investment bank chief marks end of era
The head of Deutsche Bank’s investment bank agreed to step down on Friday in a sign of the division’s waning influence as Germany’s largest lender prepares a multi-billion dollar restructuring aimed at reversing a decline in its fortunes.
Nordic banks join forces to combat money laundering
The Nordic region’s six major banks announced the creation of a customer checking center on Friday, with the initiative expected to help their efforts to crack down on money launderers and recover from a scandal that has damaged the sector’s reputation…
Mexican judge issues arrest warrants for ex-Pemex CEO Lozoya, four others
Mexico’s attorney general’s office said on Friday that a judge has issued arrest warrants for the former chief executive of state oil firm Pemex, Emilio Lozoya, and four more people in a graft case involving Brazilian builder Odebrecht.
