Dollar Weakens on Labor Data Woes; Sterling Still Strong

© Reuters. By Peter Nurse Investing.com – The dollar edged lower in early European trading Friday, after disappointing labor market data diluted optimism over a quick U.S. economic recovery. Sterling remained strong despite weak retail sales numbers for January. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket […]

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U.S. Labor Department finalizes limits on pension-fund voting on corporate proxies

© Reuters. Signage is seen at the United States Department of Labor headquarters in Washington, D.C. By Jessica DiNapoli NEW YORK (Reuters) – The U.S. Department of Labor on Friday finalized a rule requiring pension funds to vote on shareholder proposals only when there is an economic reason, a change that would curb investors from […]

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Labor Department finalizes U.S. rule curbing sustainable investing by pension funds

2/2 © Reuters. The United States Department of Labor is seen in Washington, D.C., U.S. 2/2 By Jessica DiNapoli and Ross Kerber NEW YORK/BOSTON (Reuters) – The U.S. Department of Labor on Friday finalized a rule clarifying that pension fund managers must put retirees’ financial interests first when allocating investments, rather than other concerns such […]

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NFP preview: Winning streak in the labor market could continue in August

Overdue correction, especially in the US tech sector finally happened on Thursday, however there are some solid signs of cooling-off on Friday. European equities indicate renewed buying interest, albeit more cautious, while futures on the US stock indices advanced a bit. In the light of increased market fragility and heightened concerns about prolonged decline, US […]

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US Labor Market on Steroids – How long will that last?

Market bears decided to find a pressing point of stock buyers before the weekend amid a release of worrying US employment data. In fact, the point of concern is quite unobvious, as it’s hiding behind the improvement of some “popular” indicators, but let’s try to figure it out what’s wrong. US stocks closed in the […]

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ECB’s Lagarde: The Worst for the EU Labor Market is yet to come

The head of European Central Bank, Christine Lagarde, said to EU leaders on Friday that the eurozone economy is experiencing a tremendous decline and urged the bloc to act decisively to speed recovery. EU leaders held a video conference on Friday to discuss ways of propelling consumption and investment in the economy. According to Lagarde, […]

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U.S. Labor Department issues new guidance for meatpacking workers

© Reuters. By Jan Wolfe WASHINGTON (Reuters) – The U.S. Labor Department issued new guidelines on Sunday for U.S. meatpacking and meat-processing plants that have seen a rash of coronavirus outbreaks, saying employees should be spaced at least 6 feet (1.8 m) apart and screened before they start working. The interim guidance from the Labor […]

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Exclusive: U.S. investigates child labor in Ivory Coast cocoa supply chains

2/2 © Reuters. FILE PHOTO: A farmer opens a cocoa pod at a cocoa farm in Ivory Coast 2/2 By Ange Aboa, Aaron Ross and Maytaal Angel ABIDJAN (Reuters) – U.S. customs authorities have asked cocoa traders to report where and when they encounter child labor in their supply chains in top grower Ivory Coast, […]

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Higher women's share in labor force to lift India growth rate: World Bank

© Reuters. Higher women’s share in labor force to lift India growth rate: World Bank By Manoj Kumar NEW DELHI (Reuters) – India’s economy could achieve double-digit growth if New Delhi pushes reforms to increase women’s participation in the country’s workforce, a World Bank report said on Monday. Such reforms would boost household earnings and […]

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