Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, says the August US employment report is much more about inflation and Federal Reserve monetary policy..
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Europe's largest carmaker Volkswagen plans to slash an additional 50,000 jobs as it struggles to compete with cheaper Chinese rivals. Melanie Boeff explains. (Source: Bloomberg)
US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market. The widely used fuel climbed to a nationwide average of $5.85 a gallon at the pump on…
Nigerian billionaire Aliko Dangote is looking to raise $1.6 billion in the initial public offering for his refinery, Africa’s largest.