Sluggish economic growth appears to be slowing U.S. job creation. Payroll processor ADP said Wednesday private companies added only 38,000 jobs in May. ADP also said fewer private sector jobs had been created in April than previously thought. Many economists look at the ADP report as an indicator of what the more comprehensive government-issued employment […]
European Stocks Lower in Midday Trading
Posted June 1st, 2011 at 7:40 am (UTC-5)
European stock prices are lower in midday trading Wednesday. London’s Financial Times index is down more than one-quarter of one percent. The CAC-40 in Paris is down nearly one-quarter of one percent, and trading on the DAX index in Frankfurt is down more than one-quarter of one percent. In New York, the S&P futures contract […]
Asia Markets Close Mixed
Posted June 1st, 2011 at 7:20 am (UTC-5)
Major Asian stock markets closed mostly higher Wednesday. Tokyo’s Nikkei index gained more than one-quarter of one percent to finish at 9,720. Hong Kong’s Hang Seng index lost nearly one-quarter of one percent to finish the day’s trading at 23,626. Share prices were higher in Manila, Mumbai, Singapore, Taipei and Wellington, but lower in Bangkok, […]
Japan’s Nikkei Loses Ground
Posted June 1st, 2011 at 5:35 am (UTC-5)
Japanese markets closed higher Wednesday, while the U.S. dollar is lower against the Japanese yen. Tokyo’s Nikkei index gained more than one-quarter of one percent to finish at 9,720. In currency trading, the dollar was selling at 81.39, a loss of just over one-tenth of a yen from Tuesday. Gold is trading at $1,531.15 an […]
Belarus Asks IMF for a Rescue Loan
Posted June 1st, 2011 at 4:50 am (UTC-5)
Belarus says it is asking the International Monetary Fund for a rescue loan to help it cope with a deepening financial crisis. The former Soviet republic announced the request Wednesday, a day after it froze prices on some basic foods until July 1 and several days after it devalued its currency by more than a […]
Asian Stocks Mixed
Posted June 1st, 2011 at 4:35 am (UTC-5)
Asian stock markets closed mixed Wednesday. Tokyo’s Nikkei index gained more than one-quarter of one percent to finish at 9,720. Hong Kong’s Hang Seng index lost nearly one-quarter of one percent to finish the day’s trading at 23,626. Share prices were higher in Manila, Taipei and Wellington. Trading was either flat or unchanged in Shanghai […]
Japan’s Nikkei Rises, Dollar Falls
Posted June 1st, 2011 at 2:50 am (UTC-5)
Japanese markets closed higher Wednesday, while the U.S. dollar is lower against the Japanese yen. Tokyo’s Nikkei index gained more than one-quarter of one percent to finish at 9,720. In currency trading, the dollar was selling at 81.36 yen, a loss of just over one-fourth of a yen from Tuesday. The Taipei market finished at […]
China’s Manufacturing Sector Declines in May
Posted June 1st, 2011 at 12:25 am (UTC-5)
The expansion of China’s manufacturing activity slowed in May to its lowest rate in nine months, reflecting the government’s attempts to cool the economy and slow inflation. The China Federation of Logistics and Purchasing says its purchasing managers index, which measures the manufacturing sector, fell from 52.9 in April to 52 last month. The federation […]
