Oil prices up above 1 percent on strong U.S. economic data, Libya supply risks
Oil prices climbed more than 1 percent on Friday as strong U.S. employment data tempered fears that global crude demand might weaken, and on expectations that an escalating conflict in Libya could tighten oil supplies.
U.S. payrolls report, trade optimism lift stocks
Global stocks rose to a fresh six-month high on Friday as U.S. labor market data eased concerns about an economic slowdown, while optimism that a trade deal between the United States and China was drawing closer also lifted sentiment.
World Bank board elects U.S. Treasury’s Malpass as next president
David Malpass, U.S. President Donald Trump’s nominee to lead the World Bank, won unanimous approval from the institution’s executive board on Friday, continuing the 73-year tradition of an American running the world’s largest development lender.
U.S. employment report points to growing economy, tame inflation
U.S. employment growth accelerated from a 17-month low in March, assuaging fears of an abrupt slowdown in economic activity, but a moderation in wage gains supported the Federal Reserve’s decision to suspend further interest rate increases this year.
Wall Street rises on jobs data, trade optimism
U.S. stocks rose on Friday boosted by better-than-expected job growth in March, which eased concerns of a domestic slowdown, and hopes that the United States and China would resolve their trade dispute.
Exclusive: Deutsche Bank open to U.S. revamp in merger talks – sources
Deutsche Bank said it was open to further restructuring of its U.S. investment bank after Commerzbank executives sought clarity on its plans during merger talks, according to three sources familiar with the matter.
Oil prices firm on strong U.S. economic data, Libya supply risks
Oil prices were up nearly 1 percent on Friday on bullish U.S. employment data that tempered fears about a decline in global crude demand and on expectations that an escalating conflict in Libya could tighten oil supplies.
Slowing manufacturing hiring may point to fraying U.S. expansion
The longest streak of U.S. factory hiring in a quarter century came to an unexpected end last month, and a clouded outlook for important manufacturing sectors like autos may impede a quick rebound, undermining a key plank of U.S. President Donald Trump…
World Bank board elects Treasury’s Malpass as next president
The World Bank told Reuters on Friday that its executive board unanimously approved David Malpass, the U.S. Treasury Department’s top diplomat, as the bank’s next president, continuing the 73-year tradition of an American leading the development lender…
Deutsche, Commerzbank favor merger over holding company structure: sources
Deutsche Bank and Commerzbank favor a straightforward merger over more complex ways to structure a deal, three people close to the matter said.
