Disappointing jobs report gives lift to junk bonds

2019-06-08

The U.S. market for high-yield corporate bonds followed stocks higher on Friday after a disappointing jobs report bolstered hopes that more economic stimulus could be on the way. The number of new jobs created in May reached only 75,000, well below expectations for a gain of 185,000 predicted by economists.Read More →

Asian markets mixed after surprising U.S. GDP report

2019-04-28

Asian markets were mixed in early trading Monday, following a better-than-expected U.S. GDP report on Friday and ahead of a new round of U.S.-China trade talks. On Friday, data showed the U.S. economy grew 3.2% in the first quarter, higher than analysts’ expectations. That was thanks in part to theRead More →

BHP Group to cut more than 700 jobs: report By Reuters

2019-04-06

© Reuters. BHP Group to cut more than 700 jobs: report (Reuters) – Mining company BHP Group is poised to cut over 700 white-collar jobs, The Australian newspaper reported, adding that the process could start as early as next week. Last week, BHP Chief Financial Officer Peter Beaven revealed plansRead More →