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Verizon strike seen lowering US May payrolls by 35,000 jobs

Verizon strike seen lowering US May payrolls by 35,000 jobs

May 29, 2016 WASHINGTON: The strike by Verizon Communications Inc workers will probably trim US non-farm payroll growth in May by at least 35,000 jobs, a Labor Department report showed on Friday. The department’s monthly strike report showed 35,100 Verizon employees were idle during the survey period for the May payrolls count. Striking workers who […]

May 29, 2016 | By | Reply More
Yellen says Fed rate hike likely appropriate in coming months

Yellen says Fed rate hike likely appropriate in coming months

CAMBRIDGE: The Federal Reserve should raise interest rates “in the coming months” if the economy picks up as expected and jobs continue to be generated, US central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July. “It’s appropriate … for the Fed to gradually and cautiously […]

May 28, 2016 | By | Reply More
Fed reaction to data barrage is focus for stocks

Fed reaction to data barrage is focus for stocks

NEW YORK: Data on inflation and employment, two of the economic indicators most important to a “data-dependent” US Federal Reserve are expected next week. While Fed policymakers will be looking at those numbers as they decide whether to raise key interest rates as soon as June, traders will read through them to try and get […]

May 28, 2016 | By | Reply More
Travel plans made easy with eForex by Merchantrade

Travel plans made easy with eForex by Merchantrade

In search of ways that could make even the preparation of a holiday feel like a vacation, FMT discovers an easier way to get our money changed to foreign currency. PETALING JAYA: For avid travellers, one is always looking around for the right place to get the best foreign currency rates for our ringgit. Finding […]

May 28, 2016 | By | Reply More
Verizon strike seen lowering U.S. May payrolls by 35,000 jobs

Verizon strike seen lowering U.S. May payrolls by 35,000 jobs

May 28, 2016 The strike by Verizon Communications Inc (VZ.N) workers will probably trim U.S. non-farm payroll growth in May by at least 35,000 jobs, a Labor Department report showed on Friday. The department’s monthly strike report showed 35,100 Verizon employees were idle during the survey period for the May payrolls count. Striking workers who […]

May 27, 2016 | By | Reply More
As crude hits $50 a barrel, options market suggests jitters

As crude hits $50 a barrel, options market suggests jitters

With the price of oil finally touching $50 (£34) a barrel this week, producers and speculators have been loading up on options to protect themselves from a downside risk, signalling there are still some jitters surrounding the recent rally. Deep out-of-the-money put options – options that would not be profitable until a substantial pullback in […]

May 27, 2016 | By | Reply More
Former funds trade body head joins FCA

Former funds trade body head joins FCA

May 28, 2016 Daniel Godfrey, who suddenly quit as the head of Britain’s main funds industry trade body, has joined the Financial Conduct Authority as an adviser, the watchdog said on Friday. Godfrey has been hired on a short-term contract to advise on asset management, an FCA spokeswoman said. She declined to say if he […]

May 27, 2016 | By | Reply More
Oil slips for second day as $50 level sparks new output fears

Oil slips for second day as $50 level sparks new output fears

Oil prices dipped for a second day in a row on Friday as some investors took profit on a surge to seven-month highs while others worried about higher production with the market hovering near $50 a barrel. A stronger dollar .DXY also weighed on demand for dollar-denominated oil from holders of other currencies. The dollar […]

May 27, 2016 | By | Reply More
Wall Street puts finishing touch on best week since March

Wall Street puts finishing touch on best week since March

May 28, 2016 Wall Street rose on Friday and capped off its strongest week since March after U.S. Federal Reserve Chair Janet Yellen said an interest-rate hike would likely be appropriate “in the coming months.” Yellen’s is the most important voice in a chorus of policymakers recently suggesting that the U.S. economy has improved enough […]

May 27, 2016 | By | Reply More
Yellen says Fed rate hike likely appropriate in coming months

Yellen says Fed rate hike likely appropriate in coming months

The Federal Reserve should raise interest rates “in the coming months” if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July. “It’s appropriate … for the Fed to gradually and cautiously increase […]

May 27, 2016 | By | Reply More