: The US unemployment rate fell to near a 49-year low of 3.7 per cent, pointing to a further tightening in labour market conditions.
The technology sector sank 1.3 per cent, dropping for the second day in a row on a fall in Intel and Microsoft. Shares in Unilever lost 0.6 per cent after its management announced a dramatic U-turn, withdrawing its move to the Netherlands. The news followed a spat between the antitrust watchdog and financial regulators after a drawn-out review of the merger of Fukuoka Financial and Eighteenth Bank sparked concern that consolidation had become too tough. But the government is keen for regional banks to merge, in order to survive a declining population and falling earnings.
The Canadian economy added 63,300 jobs in September, Statistics Canada data indicated on Friday. That was more than twice as many as analysts had forecast, although all the job gains were in part-time positions.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FinancialReview - 🏆 2. / 90 Read more »