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China created 4.43mn jobs in 4 months

  Beijing / Bloomberg China’s jobs market, which has weathered the economy’s slowdown so far this year, faces fresh challenges as the government plans to shut inefficient companies, according to a top official at the Ministry of Human Resources and Social Security. The nation created 4.43 million new jobs in the first four months of the year, hitting 44 percent ...

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Euro-area inflation rate stays negative as ECB mulls outlook

  Bloomberg Euro-area consumer prices failed to increase for a fourth consecutive month, highlighting policy makers’ struggle to stoke inflation despite multiple rounds of stimulus. Prices fell 0.1 percent in May from a year earlier, the European Union’s statistics office in Luxembourg said on Tuesday. That’s in line with the median estimate in a Bloomberg survey of economists and follows ...

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Pound weakens amid signs of Brexit camp gaining ground

  Bloomberg The pound weakened amid signs that support for the campaign for Britain to leave the European Union had increased. Sterling fell against most of its major peers as Bookmaker William Hill Plc said 85 percent of all EU referendum bets taken over Monday’s public holiday in the U.K. were in favor of Britain exiting the bloc, and that ...

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