A gathering of news in finance, economics and business:
INTERNATIONAL NEWS
WASHINGTON - the American private sector added a meagre 38 000 in may jobs, short of expectations, in a slower recovery economic, private payroll firm ADP said.
WASHINGTON - growth in the US manufacturing sector clearly collapsed in may, according to data, the last signs of a slowdown in economic recovery.
Athens - Department of Finance of the Greece, said a downgrade of new credit by Investors Service of Moody "forgotten" the country's efforts to stabilize public finances, and was influenced by media speculation.
PARIS - Switzerland is still not international standards on combating tax fraud, but is determined to enforce the new rules adopted in the fallout of the global financial crisis, the OECD said.
DUBLIN - unemployment in recession-hit Ireland increased 14.8%, second highest in the euro area level.
MINSK - Belarus request the Monetary Fund (IMF) International draw a growing economic crisis which has seen currency devaluation and consumer panic empty stores in the country of the former USSR.
BEIJING - Rio Tinto and the largest producer of alumina Chinalco, China agreed to a mooring to explore mineral-hungry copper resources in China.
HELSINKI - the top manufacturer mobile phone Nokia has seen its share of the price fall once again, a day after the closure of 17.5% lower following a dramatic downgrading of its second quarter outlook.
London - European stock markets dropped investors absorbed eurozone low, Chinese and us data, along with a warning from grim profit from top manufacturer phone mobile Nokia.
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HONG KONG - Asian stocks were mixed as a strong advance on Wall Street has been cancelled by making profits and negative regional news and political uncertainty in the Japan.
NEW YORK - U.S. stocks drop, with a blue chip Dow index lose 2.2%, after data showed fresh weakness in the jobs and the manufacturing sectors.
NEW YORK/London - copper lost more than one percent of its value and ends near the session lows on Wednesday, hit by fear of the weakness continued industrial demand further after data showed a deceleration growth world factory.
NEW YORK--oil prices fell more than $2 Wednesday that the concerns that the slowdown in economic growth will curb demand for oil have been reinforced by disappointing reports on the use of private U.S. and manufacturing sector.
LOCAL NEWS
SYDNEY - the Australian dollar was more an American cent lower on Thursday morning.
CANBERRA - thrown of productivity is essential to the prosperity of the nation, despite the economy dropped in the first quarter of 2011, Treasurer Wayne Swan, said.
CANBERRA - a group of senior economists wrote an open letter, advocating a carbon price as an essential reform for the national economy, with the preferred option of emissions trading regime.
CANBERRA - the opposition would repeal any tax cut proposed bound with a carbon tax if elected, head to the Senate of nationals Barnaby Joyce said.
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