TOKYO/SINGAPORE Asian shares wallowed at one-month lows on Friday as investors braced for the U.S. April payrolls report after jobless claims data out earlier raised doubts over the seemingly rosy employment picture.
Concerns over Brexit, which David Cameron is campaigning against, is hurting the economy. Picture: PA. SCOTT REID. 00:00 Friday 06 May 2016 23:47 Thursday 05 May 2016.
Barack Obama: 'There is no doubt that the problem of global tax avoidance generally is a huge problem.' Photograph: UPI / Barcroft Images.
This week's stronger dollar halted an almost 7 percent fall against a basket of other leading currencies since January. A strong dollar can reduce demand for oil as it makes the dollar-traded commodity more expensive for buyers using other currencies.
The Excalibur Steel management buyout has emerged as the frontrunner to rescue Tata Steel UK, although concerns about funding and pensions could still derail the bid.