Brazil’s Sao Paulo state to offer tax incentives to automakers
Brazil’s Sao Paulo state said on Friday it would offer fresh tax incentives to automakers, weeks after Ford Motor Co said it would shut down a plant there with 3,000 employees and General Motors Co hinted it might do the same before backtracking.
Exclusive: EDP readies sale of electricity generation assets in Portugal – sources
EDP-Energia de Portugal is working on a plan to sell some of its electricity generation assets in Portugal, three sources close to the matter said, in an effort to free up cash to drive its renewable energy expansion.
Wall Street falls for fifth day on weak jobs data, global growth worries
U.S. stocks were on pace for their fifth day of losses on Friday, after weak U.S. jobs data in February added to concerns over cooling global growth that was sparked by a sharp fall in China’s exports and a prolonged slowdown in the eurozone.
Oil drops 2 percent as economic outlook weakens, U.S. supply surges
Oil prices fell more than 2 percent on Friday and were set for a second straight week of declines after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil.
Wall Street weekahead: Housing shares dependent on economy easing but not falling
The pace of U.S. economic growth may prove to be critical for shares of homebuilders, which have climbed sharply as spring approaches. An easing economy that allows for lower interest rates supports an optimistic outlook for the industry, investors say…
Canada court rejects bid by SNC-Lavalin to review decision for trial
Canada’s Federal Court on Friday rejected a bid by SNC-Lavalin Group Inc to challenge a decision by prosecutors to put the construction company on trial on charges of corruption.
U.S. February job growth weakest in nearly one and a half years
U.S. employment growth almost stalled in February, with the economy creating only 20,000 jobs, adding to signs of a sharp slowdown in economic activity in the first quarter.
Global stocks, dollar fall as growth worry abounds
Global stocks fell on Friday and the dollar weakened for the first time in eight sessions after a disappointing U.S. payrolls report fanned concerns that the world economy was slowing.
Oil drops 3 percent as economic outlook weakens, U.S. supply surges
Oil prices fell about 3 percent on Friday and were set for a second straight week of declines after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil.
Oil drops 3 pct as economic outlook weakens, U.S. supply surges
Oil prices fell about 3 percent on Friday and were set for a second straight week of declines after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil.
