Business Latest News: Brightening Jobs Picture May Draw Fed Closer to Tapering

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Business Latest News: Brightening Jobs Picture May Draw Fed Closer to Tapering

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Business Latest News: Brightening Jobs Picture May Draw Fed Closer to Tapering

by Wochit 0:57 mins

Business Latest News: Brightening Jobs Picture May Draw Fed Closer to Tapering

by Wochit 0:57 mins

Job growth was stronger than expected in June and the employment count for the prior two months was revised higher, showing the economy on solid ground and likely keeping the Federal Reserve on track to scale back its massive monetary stimulus later this year. On a bustling Dhaka street full of buyers looking for deals on export rejects and designer fakes, a flight of stairs leads up to an anomaly in a country known for producing international clothing brands - Uniqlo, a global high street fashion store. Smartphone leader Samsung Electronics Co Ltd is set to report a record $8.9 billion quarterly profit , even as growth in sales of its blockbuster Galaxy series begins to wane and new rivals emerge to eat away at its market share.

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