Oil slips from five-month high as sluggish economic outlook counters tight market, Brent futures at strongest level
Despite the economic concerns, global oil markets are tight, and Brent and WTI crude oil futures have risen by 40% and 30% respectively since the start of the year.
Nasscom raises concerns over Donald Trump govt's latest proposal on H1-B visas, says it could put US jobs at risk
Nasscom said it will carefully review the 139-page proposal and evaluate its implications for US companies and the economy, and then submit comments
'Dramatic increase' in number of H-1B visas being held up, claims Compete America; lack of clarity on procedures, policies
According to Compete America, USCIS has been denying H-1B petitions exclusively because an entry-level wage is applicable for the specific position, even though the occupation itself is clearly a specialty occupation.
US employment has risen for 94 consecutive months, the longest jobs-expansion streak on record.
Multiple H-1B applications will lead to rejection; to intensify scrutiny of non-immigrant visas, warns USCIS
The H-1B programme offers temporary US visas that allow companies to hire highly skilled foreign professionals working in areas with shortages of qualified American workers.
The annual report gives state-by-state breakdown of the tangible investments made and jobs created by 100 Indian firms doing business in America and Puerto Rico a Caribbean island and unincorporated US territory.
The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation
Analysts are saying buy emerging market FX, equities and commodities as US Fed has made world safe for risk until June
Trump accused US tech giant IBM of laying off 500 workers in Minneapolis and shifting their jobs to India and other countries
After starting with gains of over 200 points at the opening bell, the 30-share benchmark Sensex raced past 27,600-mark to touch a high of 27,612.86, up 486 points
US stocks ended higher on Friday, lifting the S&P 500 to a fresh closing high, after a weaker-than-expected jobs report was taken as a sign that the Federal Reserve will not begin raising interest rates anytime soon.<br />
The falls were especially pronounced on Friday, when the partially convertible rupee almost breached the 60.19 level
One dollar is now worth around Rs 60.99. Looks like the RBI has intervened to sell dollars and buy rupees.
Employers added 195,000 new jobs to their payrolls last month, the Labor Department said on Friday, while the unemployment rate held steady at 7.6 percent as more people entered the workforce.
Most US employers are unwilling to add workers because of uncertainty around November's elections, the Federal budget, and the effect of Europe's slowdown, according to a quarterly hiring survey by ManpowerGroup.
More than 450 stocks across all sectors hit 52-week highs, including Apple, United Parcel Service, Yum Brands and MasterCard.