Australia Jobs Take Surprise Dip in Dec

SYDNEY, Jan 19 Reuters Australia employment unexpectedly dipped in December following an outsized gain the month before in a sign the redhot labour market might be cooling, though the jobless rate stayed near fivedecade lows. Figures from the Australian Bureau of Statistics ABS on Thursday showed net employment fell 14,600 in December from November, when […]
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Big Tech Braces for Dismal Profits, more Job Cuts

Jan 18 Reuters Keen to buttress margins and appease investor concerns at a time of slowing sales growth, big U.S. technology firms are expected to whittle away at their bloated workforce and costs through the next few months, reversing pandemicera excesses, analysts said. Each of America39;s five largest tech companies, though, are expected to report […]
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Oil Down nearly 1 on Bearish U.S. Data, Crude Stocks Build

KUALA LUMPUR, Jan 19 Reuters Oil futures fell by nearly 1 on Thursday, extending losses from the previous day, as a surprise jump in U.S. crude stocks weighed on the market along with fears of a recession that were heightened by disappointing U.S. retail sales and output data. Brent crude futures were last down 84 cents, or […]
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Dollar Climbs on Safe Haven Bids; Yen Regains Footing

SINGAPORE, Jan 19 Reuters The dollar rose broadly on Thursday as growth concerns about the U.S. economy drove demand for the safehaven greenback, while the yen rebounded as speculators doubled down on bets that the Bank of Japan would shift away from its yield curve control policy. Weak U.S. data released on Wednesday showed that retail […]
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