Friday 8 March 2019

Global stocks, dollar fall as global growth worries mount

Reuters.com Newsletter

Global stocks, dollar fall as global growth worries mount

Global stocks lost ground on Friday and the dollar softened for the first time in eight sessions after a disappointing U.S. payrolls report exacerbated concerns that the world economy was slowing.

Wall Street extends losing streak after weak U.S. jobs data

Wall Street's main indexes fell for a fifth straight session on Friday and posted their biggest weekly declines since the market tumbled at the end of 2018, as a weak U.S. jobs report ignited more concerns about the global economy.

Prison authorities say they are investigating 'pharma bro' Shkreli

The U.S. Bureau of Prisons said on Friday it was investigating former drug company executive Martin Shkreli's conduct in prison after the Wall Street Journal reported he was still helping run his old company using a contraband cellphone.

Trump's budget to land with a thud on Monday

When President Donald Trump proposes his 2020 federal budget on Monday, official Washington will likely have a quick look, shrug and move on, marking another stage in the quiet decay of the U.S. government's traditional policy-making processes.

U.S. SEC to review stock trading rules in big potential shakeup

The U.S. Securities and Exchange Commission is launching a review of the main set of rules governing stock trading, opening the door to the biggest potential changes in a decade-and-a-half, the head of the agency said on Friday.

Oil drops 1 percent as economic outlook weakens, U.S. supply surges

Oil prices fell about 1 percent on Friday after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil.

U.S. February job growth weakest in nearly one and a half years

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.

What stood out in the February U.S. jobs report

Headline U.S. job growth hit the brakes in February, registering the smallest gain since September 2017 and the third-smallest during the unprecedented run of 101 consecutive months of payrolls gains.

Canada court dismisses bid by SNC-Lavalin to escape corruption trial

Canada's Federal Court on Friday rejected a bid by SNC-Lavalin Group Inc to challenge prosecutors who insist the construction company must face trial on charges of corruption.

Brazil's Sao Paulo state to offer tax incentives to automakers

Brazil's Sao Paulo state said on Friday it would offer fresh tax incentives to automakers, weeks after Ford Motor Co said it would shut down a plant there with 3,000 employees and General Motors Co hinted it might do the same before backtracking.

Exclusive: EDP readies sale of electricity generation assets in Portugal - sources

EDP-Energia de Portugal is working on a plan to sell some of its electricity generation assets in Portugal, three sources close to the matter said, in an effort to free up cash to drive its renewable energy expansion.

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