Business & Finance News
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 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.
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, but any hints of a sustained downturn could sink shares.
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 dipped on Friday and the dollar weakened for the first time in eight sessions after a disappointing U.S. payrolls report added to concerns that the world economy was slowing.
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.
Canada’s Federal Court on Friday rejected a bid by construction firm SNC-Lavalin Group Inc to challenge a decision by prosecutors to put the firm on trial on charges of corruption.
Volkswagen’s effort to get its fleet of cars certified according to the new WLTP emissions standard have cost the carmaker up to 3.6 billion euros ($4.04 billion) in 2018, a source familiar with the matter told Reuters.
President Donald Trump on Friday said he is confident the United States can forge a trade deal with China, but added that he thinks his country would do very well with or without an agreement with the world’s second-largest economy.
Germany’s automaker BMW AG said on Friday it was the biggest U.S. automotive exporter by value for the fifth consecutive year, with exports totaling over $8.4 billion in 2018.
Wall Street declined on Friday after data showed U.S. job growth almost stalled in February, adding to concerns of a slowdown in global growth sparked by weak China export data and a prolonged slowdown in eurozone.
Swedbank is facing pressure from some of its biggest shareholders to reveal more about what it knew about allegations of money-laundering linked to Danske Bank.
Several European banks are facing allegations of being involved in a Baltic money laundering scandal and failing to prevent tainted Russian money from flowing through their branches across the world.
Following are five big themes likely to dominate the thinking of investors and traders in the coming week and the Reuters stories related to them.
U.S. stocks fell at open on Friday after data showed U.S. job growth almost stalled in February, adding to global growth worries sparked by weak China export data and prolonged slowdown in eurozone.
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