Instant View: U.S. February job growth stalls but wage gains strong
U.S. job growth almost stalled in February, with the economy creating only 20,000 jobs amid a contraction in payrolls in construction and several other sectors, which could raise concerns about a sharp slowdown in economic activity.
U.S. economy creates paltry 20,000 jobs in February
WASHINGTON, March 8 – U.S. job growth almost stalled in February, with the economy creating only 20,000 jobs amid a contraction in payrolls in construction and several other sectors, which could raise concerns about a sharp slowdown in economic activit…
ECB papers over euro zone cracks with more bank loans
The European Central Bank’s fourth round of cheap long-term loans targeted at banks may steer euro zone lenders away from a cliff edge in funding.
‘Short’ pound bets fade three weeks before Brexit
With three weeks to go before Britain is due to exit the European Union, interest in selling the pound against the dollar and euro is dwindling as currency traders bet that the worst-case scenario of a no-deal Brexit will be averted.
Growth fears, China equity plunge haunts world stocks
Deepening fears for the health of the global economy pushed world stocks to three week lows on Friday after China exports contracted by a fifth, sending shares in some of the country’s key indexes more than 4 percent lower.
Stock futures fall on global growth concerns; jobs data awaited
U.S. stock futures slipped on Friday on global growth worries after Chinese data showed exports tumbled the most in three years, while investors turned their focus to domestic monthly employment report.
Exclusive: India investigating Philip Morris, Godfrey Phillips: source
India’s main financial crime-fighting agency is investigating Philip Morris International Inc and its Indian partner Godfrey Phillips for alleged violation of the country’s laws, a senior directorate source told Reuters on Friday.
U.S. job growth seen slowing in February after outsized gains
U.S. job growth likely slowed to a five-month low in February as the weather-related boost in the prior two months faded, workers became more scarce and tighter financial conditions began to weigh on the labor market.
Chinese equity plunge leads world stocks lower as growth fears haunt
Chinese shares were slammed more than 4 percent lower on Friday after data showed exports contracting by a fifth, deepening fears for the world economy and pushing global equities to three-week troughs.
ECB’s new bank loan scheme won’t cover mortgages: Vasiliauskas
Euro zone banks will not be able to use a new longer-term lending facility from the European Central Bank to extend mortgages, Lithuanian central bank chief Vitas Vasiliauskas said on Friday.
