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US added surprisingly strong 204,000 jobs in October

Job applicants arrive for an internship job fair held by the Miami Marlins, at Marlins Park in Miami. The government issues the October jobs report, on Friday, Nov. 8, 2013, which had been delayed a week because of the government shutdown. AP

The U.S. economy added 204,000 jobs in October, an unexpected burst of hiring in a month when the government was partly shut down for 16 days. And far more jobs were added in August and September than previously thought.

Posted: November 9th, 2013 in Latest Business Stories | Read More »

World finance officials focus on global risks

Governor of the Banque de France Christian Noyer speaks in a news conference during the World Bank/IMF Annual Meetings at IMF headquarters, Saturday, Oct. 12, 2013, in Washington. World finance officials prepared to wrap up three days of meetings in Washington, where fretting about the risk of an unprecedented U.S. debt default overshadowed myriad worries about a shaky global economic recovery. AP

World finance officials pledged on Saturday to deal with new risks to the global recovery while they kept up pressure on the United States to address the biggest threat of all — a market-rattling default on U.S. debt.

Posted: October 13th, 2013 in Latest Business Stories | Read More »

Purisima: US default to hit emerging markets

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Finance Secretary Cesar Purisima: Public sector debt has become more and more manageable. INQUIRER FILE PHOTO

Finance Secretary Cesar Purisima has expressed alarm over a potential default by the United States government, saying such an event will bring down not only the world’s biggest economy but also emerging markets like the Philippines.

Posted: October 12th, 2013 in Latest Business Stories,Photos & Videos | Read More »

IMF lowers PH growth forecast for this year

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The Philippines is expected to take a slight hit from weak global economic conditions, which may weigh on the country’s solid fundamentals, according to the International Monetary Fund (IMF).

Posted: September 24th, 2013 in Headlines | Read More »

Eurozone jobless down for first time in 2 years

Unemployed Greeks wait in a long line at a state labor office to collect benefit checks, in Athens, in this file photo. Greece and Spain have the highest unemployment rates in the eurozone, with both countries also mired in a youth unemployment crisis, according to figures released by Eurostat, the EU's statistics office, Monday July 1, 2013, which reveals that unemployment across the 17 European Union countries that use the euro hit another all-time high in May 2013. AP

Further evidence emerged Wednesday that the eurozone economy is on the mend after struggling with a recession that’s seen unemployment edge toward the 20 million mark.

Posted: July 31st, 2013 in Latest Business Stories | Read More »

Market mood cautious ahead of raft of US news

People walk on a pedestrian crossing in Tokyo, Tuesday, July 30, 2013. Japan's industrial output fell in June for the first time in five months, the government said Tuesday as it released data highlighting the fragility of the recovery in the world's No. 3 economy. AP

Global stocks were somewhat lead-footed Tuesday as investors prepared for a run of economic developments, particularly out of the U.S., that may determine how financial markets perform through the rest of the summer.

Posted: July 30th, 2013 in Latest Business Stories | Read More »

World stock markets mixed ahead of US Fed meeting

In this Monday, June 10, 2013 photo, trader Edward Landi check a screen in a booth on the floor of the New York Stock Exchange. Global stock markets traded fitfully Tuesday June 18, 2013 as investors watched for signs of a possible change in U.S. stimulus efforts by the Federal Reserve. AP PHOTO

Global stock markets traded fitfully Tuesday as investors watched for signs of a possible change in U.S. stimulus efforts by the Federal Reserve.

Posted: June 18th, 2013 in Latest Business Stories | Read More »

Late Wall Street rally shores up markets

A board overlooking the floor of the New York Stock Exchange. AP photo

Markets remained volatile Tuesday as investors focused on U.S. economic indicators and whether they make the Federal Reserve more or less likely to change the terms of its monetary stimulus.

Posted: June 4th, 2013 in Latest Business Stories | Read More »

World stocks down after China inflation report

In this file photo, Trader Michael Smyth rushes across the floor of the New York Stock Exchange. Concerns over the state of the U.S. and China economies, the world's two biggest, weighed on markets Thursday as early as May 2 despite widespread expectations that the European Central Bank will cut interest rates to a new low later. AP photo

World stock markets were mostly lower Thursday as investors weighed an interest rate cut in South Korea against rising inflation in China.

Posted: May 9th, 2013 in Latest Business Stories | Read More »

World stocks muted as cheer over US jobs fades

A man walks by the electronic stock board of a securities firm in Tokyo, Tuesday, May 7, 2013. Japan’s benchmark stock index, reopening after a long weekend holiday, surged Tuesday in the wake of a U.S. jobs report issued late last week that handily beat expectations. AP Photo

World stock markets were muted Tuesday as cheer over the better-than-expected U.S. jobs report faded.

Posted: May 7th, 2013 in Latest Business Stories | Read More »

Dollar drops after poor US jobs report

AFP FILE PHOTO

The US dollar took a hit against most major currencies Friday after a disappointing jobs report suggested the Federal Reserve’s easy-money policies may not be reversed anytime soon.

Posted: April 6th, 2013 in Latest Business Stories | Read More »

Euro falls to 11-week low against dollar

The reflection of a pedestrian seen in the window, with a sign at a money exchange bureau, in London, Monday, Feb. 25, 2013. AP FILE PHOTO

Positive manufacturing data from the U.S. and rising unemployment in Europe pushed the euro to an 11-week low against the dollar.

Posted: March 2nd, 2013 in Latest Business Stories | Read More »

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