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Business 04 Apr 2004 | 12:00 AM

More jobs drive up stocks

Stocks ended higher on Friday, driving the major market indexes to their biggest weekly percentage gains since October 2003, after a key report showed US employment grew at its fastest pace in almost four years last month.

Business 08 Apr 2004 | 12:00 AM

US interest rates may rise if jobs keep growing

One month of robust US job growth is not enough to spur Federal Reserve policymakers to raise interest rates but it may help shorten the time before the current era of bargain credit draws to a close.

Business 24 Apr 2004 | 12:00 AM

US central bankers optimistic on economy

US central bankers expressed optimism about the economy on Thursday and said inflation was under control, but one key official worried that a recent rebound in the job market was still fragile.

Business 09 May 2004 | 12:00 AM

Stocks dip as oil prices soar

Stocks fell on Friday as oil prices spiked to US$40 a barrel for the first time since 1990 and a surge in April jobs growth left investors thinking that the Federal Reserve could hike interest rates as early as June.

Business 11 May 2004 | 12:00 AM

News in brief

Nation 11 May 2004 | 12:00 AM

Asian markets fall on fears of higher US interest rates

Stock markets in Asia took a beating that has not been seen since the Sept 11 attacks in 2001 as investors sold off equities on worries that interest rates in the United States will be raised faster than expected, and hurt corporate profits and economic growth.

Business 11 May 2004 | 12:00 AM

Asian currencies hit hard on likely US rates hike

ASIAN currencies fell sharply on Monday after stronger-than-expected jobs data in the United States raised the likelihood of a hike in US interest rates sooner rather than later.

Business 02 Jun 2004 | 12:00 AM

Japan workforce up first time in 6 years

The number of workers on regular payrolls in Japan increased in April by 0.4% from a year earlier, the first rise in six years on the back of the economic recovery, the labour ministry said yesterday.

Business 16 Jun 2004 | 12:00 AM

US hiring near boom levels

US companies are gearing up to create jobs at rates not seen since the height of the 1990s boom, a survey released yesterday shows, adding to evidence that job growth will keep America's economic recovery rolling.

Business 23 Jun 2004 | 12:00 AM

US growth strong, but housing seen at risk

The US economy will grow 4.3% this year as business spending improves and payrolls expand, but a recession could be around the corner if rising interest rates hammer the housing market, according to a widely watched forecast.