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Argentina seeks to shift all-cash workers into payroll jobs

  Bloomberg Argentina etched out a job market program aimed at addressing informal labour as it seeks to lower government spending. A government decree created the “puente” or bridge program by which social welfare recipients can continue to receive their handouts for a year after starting a formal, payroll job. The government will also cover all employer contributions during that ...

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Buffet’s Berkshire offloads more shares in Chinese EV giant BYD

  Bloomberg Warren Buffett’s Berkshire Hathaway Inc. trimmed its stake in BYD Co. even further, offloading another 1.72 million shares as of September 1, according to an exchange filing on Friday, just days after the legendary US investor began reducing his holding in China’s biggest maker of electric vehicles. Berkshire’s interest in BYD’s Hong Kong-listed shares has now fallen to ...

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Futures dip ahead of US jobs report

  Bloomberg Stocks are set for a third straight week of declines ahead of key US jobs data that could stir expectations for another sharp Federal Reserve interest-rate hike. A dollar gauge slipped from a record high and the euro strengthened. US futures fluctuated on Friday, while European stocks rose and Asian shares fell. The jobs update is expected to ...

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