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Payrolls rise sharply, giving Obama some relief
WASHINGTON: U.S. employers stepped up hiring in October and the jobless rate ticked higher as more workers restarted job hunts, a hopeful sign for a lackluster economy that has dragged on President Barack Obama's reelection chances.
U.S. watchdog questions money spent on Afghan 'ghost' soldiers
KABUL (Reuters) - A U.S. government watchdog is pressing the Pentagon to explain reports of tens of thousands of "ghost" soldiers and police on the payrolls of the Afghan security forces, which are heavily funded by international donors.
Tanzania searches for 'ghost workers' on public sector payroll
DAR ES SALAAM (Reuters) - Tanzanian authorities have launched a national audit to find "ghost workers" and remove them from civil service payrolls under a corruption crackdown ordered by the president, a minister said.
7-Eleven under pressure in Australia over wage fraud claims
SYDNEY - Convenience store giant 7-Eleven will establish an independent panel to review damaging allegations that its franchisees doctor payrolls and systematically underpay workers in Australia.
Gold remains volatile amid US recovery
The US GDP for the second quarter gained 1.7% and better than forecast, hence injecting investors’ confidence for a potential recovery. The US Federal Reserve, European Central Bank (ECB), and Bank of England (BoE) are keeping the monetary policy and interest rate as status quo amid rumours of tapering stimulus in September. On Friday, American payrolls rose 162,000 in July and below consensus despite unemployment jobs dropping to 7.4% from 7.6% in June.
U.S. job purge likely halted, jobless rate seen up
WASHINGTON (Reuters) - A U.S. government report on Friday is expected to show the economy stopped shedding jobs last month for the first time since it fell into recession two years ago, easing a political weight on President Barack Obama.
Afghan police in volatile south complain of not being paid
KABUL/KANDAHAR, Afghanistan (Reuters) - Police in parts of volatile southern Afghanistan have not been paid for weeks, officials say, undermining morale at a time when Taliban militants traditionally increase attacks on security forces.
Stocks fall, bonds climb after weak U.S. jobs report
NEW YORK (Reuters) - U.S. and European stocks slipped and bond prices jumped on Friday, after a weak U.S. employment report suggested the economy may not be strong enough to allow the Federal Reserve to raise interest rates this year.
Gold and WTI Crude close off highs on better economic sentiment
GOLD started the week at 1182 and fell to 1174 after gaining four days as the improved economic outlook in Europe trimmed investment demand for the yellow metal. Growth in Europe's producers manufacturing industry accelerated to 56.7, at a three-month high and more than previously estimated in July.
Obama says to address new economic ideas next week
WASHINGTON (Reuters) - President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly.
