US private sector hiring came in well above expectations last month, payroll firm ADP said Wednesday, with construction, financial services and manufacturing all contributing to the increase. "The three biggest increases for job-changers were in construction, financial services, and manufacturing," she added.
The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said Monday. "We are not yet all the way to our target of two percent," he said in prepared remarks, noting the "disappointing" recent inflation data.
Kenyan President William Ruto meets his US counterpart Joe Biden in Washington this week, with the crisis in Haiti and efforts to build trade ties likely to top the agenda. Thursday's Biden-Ruto talks will focus on trade and security partnerships including Kenya's pledge to lead a UN-backed multinational mission seeking to restore order in Haiti, which has been wracked by gang-fuelled anarchy.
Mining behemoth BHP must overcome major hurdles to salvage its faltering pursuit of rival Anglo American, analysts said Monday as a midweek deadline over the seismic takeover bid approaches. BHP did not reply to a request for comment from AFP. Anglo American said: "UK laws restrict us from commenting ahead of the deadline." sft/arb/dan
Equities rose Monday, extending a rally in New York that saw the Dow close at a record high, with sentiment boosted by China's plan to support its struggling property sector and hopes for a US interest rate cut.
Raphael Brandao beams with pride as he describes the high-end Brazilian coffee he produces with beans sourced exclusively from Black farmers in a country where many still associate the product with slavery.
The naysayers said the maddening multicoloured cube that Erno Rubik invented 50 years ago would not survive the 1980s. Even after "hundreds or thousands of years", you would still be finding ways to crack it, Rubik enthused.
Irish no-frills carrier Ryanair on Monday said group net profit jumped a third to 1.92 billion euros in its financial year as higher demand and fares offset ballooning fuel costs. This helped offset a fuel bill up almost around a third to 5.1 billion euros.
India's financial capital Mumbai began voting Monday when six-week national elections resumed, with much of the megacity's business and entertainment elite vocal in their support of Prime Minister Narendra Modi.
Sparks fly as a laser slices through metal in a factory in Mexico, which is preparing for a wave of foreign investment thanks to heightened tensions between the United States and China. Foreign direct investment in Mexico hit a record high of more than $36 billion in 2023, 38 percent of which came from the United States, according to the economy ministry.
Economy
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