As the 16-day partial government shutdown slowed down in U. S., all the private companies added 130,000 jobs in October. ADP, Payroll Prof., said that earlier in the month of August, the company reported to increase the number of jobs to about 166,000 but, had just created 145,000 jobs in September.
Japanese Finance Minister, Taro Aso revealed on Monday that he would think of imposing fine against Mizuho Financial Group (8411. T). The fine would be imposed because of loans-to-mobsters scandal. The decision would be taken after closely studying a report issued by an outside panel earlier this day.
A survey has been carried out for the National Retail Federation. As per the same, it has been uncovered that shopping for Halloween seems to have reduced.
For past many years, Halloween spending has been quite good. But this time, it seems that shaky economy is going to take a toll on the holiday.
As per a new report, there seems to be an increase in the benefits to the Social Security recipients, disabled veterans and federal retirees in the upcoming January. As per the preliminary figures revealed, there seems to be an increase of 1.5%, after the automatic increases were adopted in 1975.
According to a report, China is facing an economic slowdown, which is resulting in wreaking havoc on the bottom line of multinational companies.
These multinational companies are issuing a series of profit warnings and disappointing earnings, which is a result of worse-than-expected sales there.
On Monday, a strongly lower open was declared by U. S. stock index futures. It has been found that the global markets stayed significantly undaunted by the government shutdown.
However, the same has been alerted by a breach's probability of the debt ceiling in the nation.
Not only in Europe, but shares in Asia also traded lesser on Monday.
The government of New Zealand recently fixed a much lesser operating deficit as compared to the figures which were predicted during the release of the budget in May on a bigger corporate tax take and fewer expenditures on the Canterbury earthquake than expected. It is now fixed on its aim to achieve a surplus target in the year 2015.
Economic growth forecasts for China and most of developing East Asia have been lowered by the World Bank for 2013 and 2014. The announcement was made on Monday. The reason behind that is slower growth in the world's most populous nation along with weaker commodity prices that have badly impacted exports and investments in countries such as Indonesia.
As per a report, manufacturing industry in the US has been witnessing growth. For past two and half years, the sector has been expanding and that too at good scale.
If the growth continued in the same pattern then it has been predicted that the manufacturing sector can lead to economic growth. Not only this, employment rate can also improve due to the same.
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