Friday, May 22, 2015   

US labor market getting better
(07-15 13:48)

Federal Reserve Chairwoman Janet Yellen has some good news for Congress this week about the health of the labor market. But lawmakers will likely press her for more information on just how the central bank intends to react to the good news.
Her good news for lawmakers is about unemployment and job creation since she last went to Capitol Hill, in February. Then unemployment stood at 6.7 percent. It's now at 6.1 percent, the lowest since September 2008. More than 200,000 jobs a month have been created on average over the past five months, the strongest stretch since the late 1990s.
Yellen will report on interest-rate policy and the economy before the Senate Banking Committee on Tuesday. She follows that with testimony Wednesday before the House Financial Services Committee. --AP   
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Margin trading exceeds 2 trillion yuan, propelling risky rally in China markets (05-22 16:14)
German business confidence wanes (05-22 16:08)
Year end start for China led development bank (05-22 16:06)
European equities open higher (05-22 15:33)
Domestic demand lifts German economy (05-22 14:40)
Wal-Mart decides to bypass Li and Fung (05-22 14:28)
Nikkei edges up at close (05-22 14:25)
Hang Seng, Shanghai rally (05-22 12:45)
Goldin Financial shares rebound by 3.6pc (05-22 12:43)

More breaking news >>

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