LONDON (Reuters) – World shares inched towards a four-month high on Friday and industrial bellwether metal copper was set for its longest weekly winning streak in nearly three years, as recovering global data kept nagging
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Temasek-backed Pine Labs said to weigh bid for part of Wirecard's Asia business
SINGAPORE (BLOOMBERG) – Pine Labs – the Indian payments company backed by Temasek Holdings, PayPal and Mastercard – is considering a bid for fallen fintech star Wirecard’s businesses in South-east Asia and India, according to
Read moreOil falls as virus resurgence fears weigh on fuel demand recovery
SEOUL (Reuters) – Oil prices eased on Friday, reversing earlier gains, as the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, stoked worries that a fuel demand recovery
Read moreWall Street rises on record job growth; surging virus cases cap gains
(Reuters) – Wall Street rose on Thursday after a record-setting increase in monthly U.S. jobs, but surging COVID-19 cases raised fears of more lockdowns and kept gains in check. The Nasdaq opened at an all-time
Read moreGap in U.S. Black and white unemployment rates is widest in five years
(Reuters) – The gap between the U.S. unemployment rates for Blacks and whites widened further in June, to its largest in five years, underscoring the uneven nature of the nascent recovery from historic job losses
Read moreDollar weakens as strong U.S. jobs data dims haven appeal
NEW YORK (Reuters) – The U.S. dollar fell on Thursday after data showing the world’s largest economy defying expectations for a second month in a row, creating jobs in June at a far faster pace
Read moreAmid strong June job growth, signs U.S. recovery may be stumbling
(Reuters) – The U.S. economic recovery, after two months of faster-than-expected job gains, may be stumbling as a surge of new coronavirus infections prompts states to delay and in some cases reverse plans to let
Read moreU.S. farmers scramble for help as COVID-19 scuttles immigrant workforce
CHICAGO (Reuters) – The novel coronavirus delayed the arrival of seasonal immigrants who normally help harvest U.S. wheat, leaving farmers to depend on high school students, school bus drivers, laid-off oilfield workers and others to
Read moreCoronavirus: Primark orders £1bn in fashion stock after ‘encouraging’ re-opening
The owner of Primark says it is placing over £1bn in orders for the autumn and winter season ahead following an “encouraging” start to coronavirus lockdown re-openings. Associated British Foods (ABF) used a trading update
Read moreRecord U.S. job growth expected in June, but masks labor market weakness
WASHINGTON (Reuters) – The U.S. economy likely created jobs at a record clip in June as more restaurants and bars resumed operations, which would offer further evidence that the COVID-19 recession was probably over, though
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