US jobless claims fall, point to firming labor market

Last Updated: Thursday, September 10, 2015, 18:46

The number of Americans filing new applications for unemployment benefits fell last week, suggesting a moderation in job growth in August was an aberration.

Australia unemployment rate drops to 6.0 percent

Last Updated: Thursday, June 11, 2015, 13:48

The Australian economy has struggled to fill the gap left by the end of the boom in mining investment, which has helped it avoid a recession for more than two decades.

PM Modi to launch India's biggest labour overhaul in decades

Last Updated: Tuesday, June 9, 2015, 17:13

Prime Minister Narendra Modi is preparing to launch India`s biggest overhaul of labour laws since independence in a bid to create millions of manufacturing jobs, at the risk of stirring up a political backlash that could block other critical reforms.

US job growth surges, wages push higher in May

Last Updated: Friday, June 5, 2015, 19:00

Nonfarm payrolls increased 280,000 last month, the largest gain since December, the Labor Department said on Friday.

Dollar rises ahead of May US jobs report

Last Updated: Friday, June 5, 2015, 10:45

"There`s no doubt that the US economy and the labor market is improving, but the dollar is also overbought so even if it pushes higher on the back of a strong jobs number, it could be hit by profit-taking next week" ahead of a Federal Reserve policy decision on June 17, Lien said.

Fed still seen in lift-off mode as Yellen takes centre stage

Last Updated: Friday, May 22, 2015, 09:11

The US Federal Reserve is likely to stick with plans to raise interest rates later this year, with progress towards its employment and inflation goals helping allay concerns over the economy`s recent weakness, current and former Fed officials say.

Greece defies euro zone on pension, labour reform

Last Updated: Thursday, May 7, 2015, 18:25

Greece defied its international creditors on Thursday by sticking to "red lines" on pension and labour market reforms and urging lenders to give ground, dimming prospects of progress next week towards securing desperately needed financial aid.

US Fed concerned over debt market investors' excessive risks

Last Updated: Thursday, May 7, 2015, 08:14

In the market for leverage loans, the Fed is certainly seeing reach for yield and seeing deterioration in underwriting standards

Dollar up in Asian trade

Last Updated: Tuesday, May 5, 2015, 10:23

The euro bought $1.1141 in late-morning Singapore trade from $1.1146 in New York late Monday, while the dollar climbed to 120.15 yen from 120.14 yen.

Dollar extends gains against euro

Last Updated: Monday, May 4, 2015, 11:35

The euro bought $1.1194 in afternoon Singapore trade from $1.1200 in New York late Friday. It also fell to 134.40 yen from 134.56 yen.

US jobless claims steady at 295,000

Last Updated: Thursday, April 23, 2015, 18:41

New claims for US unemployment insurance benefits held steady last week above the trend, the Labor Department reported on Thursday.

Cheap oil, weak euro powering German recovery: Institutes

Last Updated: Thursday, April 16, 2015, 19:34

The German economy, Europe`s biggest, is enjoying a robust recovery, fuelled by cheap oil, the weak euro and a boom in consumer spending, the country`s top economic institutes said Thursday, sharply upgrading their growth forecast for this year.