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US non-farm payrolls rise by just 38,000 in May
Hiring Stateside slowed sharply during the month of April, leading some top-ranked economists to warn of the risk of an economic recession in the US in the not-too-distant future.
An odd couple, miners and utilities, pace advance
Miners and utilities leapt higher at the end of the week, after a weak US Jobs report sent the greenback and government bond yields on both sides of the Atlantic diving.
FX round-up: Dollar and sterling dive after 'awful' US jobs data
Spooked investors dumped the dollar and sterling in a grim session sparked by "awful" US jobs data that likely ruled out an anticipated June or July rate hike by the US Federal Reserve.
Hammerson's long-term issuer default rating affirmed at 'BBB+'
Commercial property company Hammerson's long-term issuer default rating (IDR) and short-term IDR have been affirmed at 'BBB+' and 'F2' respectively by Fitch Ratings.
Republic of Ireland's 'A+/A-1' sovereign credit rating affirmed
Republic of Ireland's sovereign credit rating has been affirmed at 'A+/A-1' by S&P Global Ratings, which expected the new minority government to keep pursuing open and proactive economic policies and continue fiscal consolidation.
Waiting for all the Q2 data on the economy might be better, Fed´s Brainard says
One of the Federal Reserve´s top policymakers said waiting to have complete information on the US economy´s performance in the second quarter before hiking interest rates might be advantageous.
Europe close: Stocks fall back as euro jumps on weak US jobs report
European stocks ran into a wall of selling at the end of the week, in the form of a much weaker-than-expected reading on the state of the US Jobs market in May.
Video | Spanish Moto2 driver Luis Salom dies after accident in Barcelona
Spanish Moto2 driver Luis Salom has died after rolling over in free practice when his bike crashed against the security wall of the twelfth curve and went flying through the air in the last session of training. The young 24-year-old has not been able to overcome the consequences of the impact and has died in the General Hospital of Catalonia.
Week ahead: Yellen, China, Japan in focus
In the wake of the latest much weaker-than-expected US jobs report, the focus in the coming week would likely be on US Federal Reserve chair Janet Yellen´s speech on 6 June.
Small caps news round-up
Shares in Source BioScience are up more than 15% after it received a potential but firm 18p a share cash offer from Continental Investment Partners SA and Harwood Capital LLC. The potential offer was, subject to due diligence, expected to include an unlisted securities alternative, Source BioScience said.
JP Morgan boss warns of UK job losses in event of Brexit
The head of JP Morgan has warned that up to 4,000 UK jobs at the bank in could be at risk if Britain voted to leave the European Union.
London close: FTSE ends higher as mining stocks rally
The FTSE 100 finished higher on Friday as traders weighed a batch of data including the US non-farm payrolls report.
Goldman Sachs sours on outlook for Chinese yuan
Analysts at Goldman Sachs soured on their outlook for the Chinese currency, telling clients that successively weaker fixings for the yuan´s value against the dollar "could easily reignite capital flight" from Asia´s largest economy.
Oracle Coalfields confirms whispers of Chinese deal
Energy developer Oracle Coalfields saw its share price move markedly higher on Friday afternoon, before issuing a statement confirming market chatter about a deal with a number of Chinese interests.
Director dealings: Symphony International's Thadani buys 500,000 shares
Symphony International Holdings director Anil Thadani was in tune with his company on Friday, spending a total of £517,422 on two share parcels.
Snapchat overtakes Twitter for the first time with 150 million daily users
Snapchat has now taken over Twitter in the number of daily users on each app. The app, which takes the best of social network and messaging apps, now has 150 million daily users, whereas the microblogging social network has 140 million.
Japanese officials raid Suzuki offices
Japanese carmaker Suzuki had its offices raided by the country’s transport ministry on Friday, after the company became the latest manufacturer to admit to improper fuel testing of its vehicles.
Softbank Group sells total $10bn of Alibaba shares
Japanese telecommunications titan Softbank Group Corp is selling another $1. 1bn of its shares in Chinese e-commerce giant Alibaba Group Holding, taking the total it has disposed of to $10bn.
United Airlines reveal business-class cabins with sleeping pods
United Airlines is hoping to put to bed doubts about its business class service by installing cabins with sleeping pods for passengers to get a good night's sleep.