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US Jobs

Asian market sell-off picks up pace, Shanghai tumbles

HONG KONG: Asian markets fell on Monday, extending last week’s sell-off as another strong US jobs reading further fanned expectations the Federal Reserve will hike interest rates at a quicker pace. Shanghai led the retreat as mainland investors returned from a week-long break, during which time China was accused of using microchips in computer equipment sold in the US as part of a drive to steal technology secrets. The losses in China also came despite a cut in the amount of cash the country’s commercial banks must…

Under pressure on US jobs, Ford tries new gambit with Trump

WASHINGTON: Ford Motor Co (F.N), one of Donald Trump's prime corporate targets on the campaign trail, offered the President-elect a chance to claim a victory late on Thursday by informing him it would not shift production of a Lincoln sport utility vehicle to Mexico from Kentucky. Trump jumped at the chance, claiming in a tweet that he had "worked hard" with Ford Executive Chairman Bill Ford Jr. to keep the plant in Kentucky, even though Ford had never considered moving the whole factory south of the border. In letting…

Asian shares subdued, nerves frayed ahead of US jobs

Sydney: Asian markets steadied on Friday as Japanese shares recouped early losses, though investors were pensive ahead of jobs data that could make or break the case for an imminent scaling back in US stimulus. Defying a soft finish on Wall Street, Tokyo's Nikkei edged up 0.2 percent in morning trading, recouping a little of the 3.6 percent loss suffered in the previous two sessions. Dealers said offshore investors remained buyers of exchange-traded funds and index heavyweights such as Softbank in the firm belief the…