ECONOMY & MARKETS

US Unemployment Rate Likely To Hold At 8.3% In March

People wait in line to enter a job fair in New York
U.S. employers probably hired more than 200,000 workers for the fourth straight month in March, economists said in anticipation of a report this week, pointing to another strong performance in the labor market.
Board Displays DAX Index

Fed Minutes Send Markets Lower On Dimmed QE3 Hopes: Daily Markets Wrap

Investors re-adjusted their value calculations for risky assets on Tuesday, selling off stocks, bonds and all manner of commodity futures after the Federal Reserve released minutes from the most recent meeting of its rate-setting committee. The minutes strongly suggested that the U.S. central bank was backing away from the possibility of further monetary easing in the short-run, including any kind of quantitative easing.
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Top JP Morgan Banker Quits After Market Abuse Fine

One of London's most prominent bankers was fined 450,000 pounds ($720,000) for passing on inside information in a case that will embarrass his employer J.P. Morgan Cazenove and which marks a push by British regulators to target high-profile figures.
Bhutan

The World’s Happiest Countries

On Monday, the Bhutanese government led a session in the UN called Wellbeing and Happiness: Defining a New Economic Paradigm, that highlighted the world's happiest countries and discussed how to put happiness on the global agenda.
Spain general strike

Spain’s Unemployment Hits Record In March, Adds To Deficit Woes

Unemployment in Spain, where more than half of young people are out of work, rose for the eight straight month in March to a fresh record high, adding to the risk of an economic contraction as the government struggles to cope with its ballooning public debt.
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Asian Shares Rise On Growth Hopes After Firm U.S. Data

Asian shares rose Tuesday, riding on the back of strong gains in global equities overnight after solid manufacturing data from the United States and leading Asian exporters offset signs of mild recession in Europe.
Cimpor cement factory in central Portugal

Big Brazilian Companies Eye Major Portuguese Cement Maker

Two Brazilian industrial titans are circling a big Portuguese cement maker in the latest sign that the euro zone's recession is cutting the value companies based in struggling European countries and making them takeover targets.
Rising PMI indicates increased activity in U.S. manufacturing sector according to an ISM report, Monday.

US Manufacturing, Economy Grew in March: ISM Index

U.S. manufacturing grew alongside the overall economy in March, rising 1 percent over the previous month's level, according to the March purchasing managers index (PMI) of the Institute for Supply Management.
China

China PMI Paints Mixed Manufacturing Picture

China's official manufacturing purchasing managers’ index, a gauge of manufacturing sector performance, unexpectedly jumped to the highest level in a year, while a rival index by HSBC showed further weakening in the sector.
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China Manufacturing PMI: The Confusing Signals

China's manufacturing sector expanded rapidly in March, confounding expectations of a contraction and easing fears about a potential hard landing for the world's second-biggest economy.
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Mixed Signals Emerge From China's Factories In March

China's big factories were surprisingly busy in March as a stream of new orders lifted activity to an 11-month high, but credit-constrained smaller manufacturers struggled, suggesting that the economy is still losing steam.
TSE

European Action, Upbeat US Data Drive Results: Daily Markets Wrap

Stocks and other risky assets rallied Friday, rounding out the quarter with even more price gains on a day that encapsulated the main developments of the year so far: encouraging news out of Europe, better-than-expected consumer sentiment in the United States, and the perceived and steady pull of inflation.
A Best Buy store in Westminster, Colo.

Best Buy Closings: How Apple, Wal-Mart and Amazon Are Killing The Electronics Retail Giant

Best Buy has fallen on hard times in a sluggish economy, suffering a dismal drop in sales and an overall $1.2 billion loss over the last fiscal year. The electronics giant announced Thursday that it will close 50 stores and cut 400 jobs at its Richfield, Minn., corporate headquarters, hoping to save $800 million over the next three years in order to stay afloat.
Greece

A 3rd Bailout For Greece May Be Needed: PM

Greece will do everything possible to make a third adjustment program unnecessary, Lucas Papademos told an Italian business daily. Having said that, markets may not be accessible by Greece even if it has implemented fully all measures agreed on.

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