While you were sleeping: Brightening US jobs market
By Margreet Dietz March 3 (BusinessDesk) - US Treasuries and Wall Street fell after a report showed American employers added more jobs than expected last month, fuelling a rethink of expectations for Federal Reserve interest rate increases this year. An ADP Research Institu...
While you were sleeping: US outlook brightens
By Margreet Dietz March 2 (BusinessDesk) - Wall Street rallied as the latest data on US manufacturing, construction spending and car sales bolstered optimism about the outlook. An Institute for Supply Management report showed that its index of national factory activity rose...
Dairy product prices rise for the first time in 2016
By Margreet Dietz March 2 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, stemming four consecutive slides to start the year, as whole milk powder prices moved higher across all contract periods. The GDT average winning price gained 1.4 pe...
While you were sleeping: China boosts sentiment
By Margreet Dietz March 1 (BusinessDesk) - Wall Street rose, as did oil, after China's central bank lowered its reserve requirement ratio in an effort to stoke economic growth. It was the fifth time in a year that China’s central bank cut the amount of cash that banks must...
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