Global stocks fell Friday after the U.S. jobs report showed hiring fell in April to its slowest pace in seven months - a sign of weaker growth that could delay the Federal Reserve's next interest rate hike.
home-in-your-hands Rates fell a bit lower this week, but buyers did not hurry to take out a mortgage loan. On top of that, mortgage credit has tightened this month, which could be the reason that buyers were unable to purchase a home.
The U.S. economy added the fewest number of jobs in seven months in April and Americans dropped out of the labor force in droves, signs of weakness that cast doubts on whether the Federal Reserve will raise interest rates before the end of the year.
Rio Tinto PLC has signed off on a $5.3 billion expansion of a Mongolian copper mine that will ease the mining giant's reliance on iron ore for profits and become one of the world's biggest sources of the industrial metal.
MILAN— Intesa Sanpaolo ISNPY -3.05 % SpA said its first-quarter net profit declined 24% compared with the same period last year, reflecting mainly lower trading income.