US Unemployment Figures Drops To Lowest Level In A Decade
Latest U.S. Labor Department data has revealed that unemployment in the country has dropped to 4.4 percent its lowest level since 2007 indicating a strong rebound in the U.S. job market. The numbers show that employers added around 211,000 jobs
Read MoreKiwi down on stagnant wages, rising capital cost concerns
As crude oil went below the crucial $50 per barrel mark, the Canadian dollar began to lose ground against most of the G20 currencies, including the New Zealand dollar. The increase in the average dairy prices, in the auction conducted
Read MoreUK Businesses Warn Against Solely Concentrating On Brexit
As the United Kingdom (UK) prepares to go to polls in a few weeks’ time, businesses in the UK are concerned about political parties choosing to focus solely on Brexit rather than providing equal importance to tackling domestic issues. Adam
Read MoreBarclays signal downtrend on Q1 2017 decline in net profit
The British lender Barclays Plc (NYSE: BCS) reported better than anticipated fiscal 2017 first-quarter profit after tax, compared to last year. Following the announcement of results, the stock rallied around 7% to record a high of about $11.80. However, profit
Read MoreAussie to strengthen on rally in Iron ore, coking coal
In our March 17th article, we had predicted the Australian dollar to decline against the Greenback, on the basis of poor job additions in February. We had also pointed out that the US dollar would strengthen on Fed’s affirmation to
Read MoreAlibaba Launches Program To Improve US Businesses’ Access To China
Jack Ma, executive chairman of Chinese ecommerce giant Alibaba has announced a new program that will seek to make good on an earlier promise to help American small businesses and companies access the Chinese market. The company will be holding
Read MoreIBM misses Q1-2017 rev. outlook, issues soft FY17 EPS view
Information technology giant International Business Machines (NYSE: IBM) reported a decline in the fiscal 2017 first-quarter revenues, compared with the corresponding quarter last year. The company also missed the Wall Street’s revenue estimates. However, the cloud service provider reported quarterly
Read MoreCanadian dollar strengthens on hawkish statement from BoC
Lower than anticipated unemployment claims in the US and sharp decline in the price of crude oil fuelled a rally in the USD/CAD pair in the past week. The pair, which hit a high of 1.3470 yesterday, is trying to
Read MoreUK Business Leaders Want Watchdog Created To Monitor Productivity
UK business leaders have called for tougher targets to be set in order to improve the productivity in the country’s industrial sector and make it more competitive. They have also asked that an independent watchdog be created to monitor overall
Read MoreVW offers 6-yr warranty to gain US customers trust
Last month, automobile manufacturer Volkswagen AG (OTC: VLKAF) pleaded guilty of fraud in the diesel emission scandal. The German company also offered to settle disputes with car owners and environmental agencies by setting aside $25 billion for compensation. On the
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