CA-BUSINESS Summary

TSX set to open higher after strong U.S. jobs data

(Reuters) - Canada's main stock index looked set to open higher on Friday after stronger-than-expected U.S. jobs data raised hopes about the outlook for the North American economy. TOP STORIES

Job market shows surprising strength

WASHINGTON (Reuters) - Employment rose more than expected in April and hiring was much stronger than previously thought in the prior two months, easing concerns belt-tightening in Washington was dealing a big blow to the economy. Nonfarm payrolls rose 165,000 last month and the jobless rate fell to a four-year low of 7.5 percent, the Labor Department said on Friday.

Inflation angst evaporates in race for returns

LONDON (Reuters) - For all the trillions of dollars-worth in new money that central banks are printing, financial markets seem to be signaling that fears of rampant global inflation are unfounded. Over the past month, investors have devoured virtually any fixed income securities on offer, from the U.S. Treasury to tech giant Apple, debt-laden euro sovereigns Italy or Slovenia and even debut bonds from exotic African countries like Rwanda.

Analysis: New York preserves weapon against Wall Street in case of ex-AIG chief

NEW YORK (Reuters) - When New York Attorney General Eric Schneiderman gave up a claim for damages against former AIG chief Hank Greenberg, he also likely neutralized a long-awaited challenge to his office's power. New York's highest court is scheduled to hear arguments later this month in the case, in which Greenberg is accused of defrauding AIG investors.

EU sees deeper euro zone recession in 2013, slower deficit cuts

BRUSSELS (Reuters) - The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said on Friday as it set out forecasts for the next two years. France, Spain, Italy and the Netherlands - four of the five largest euro zone economies - will be in recession through 2013, the Commission's forecasts showed, with only Germany, the largest euro zone economy, managing to eke out growth.

RBS pushes for sale of UK government stake

LONDON (Reuters) - State-backed Royal Bank of Scotland on Friday pushed for the British government to start selling its 82 percent stake as early as next year even though it could mean a loss for taxpayers. Chairman Philip Hampton said the aim was to have a business in strong enough shape to start preparing a prospectus with the government for a sale from the middle of 2014.

Canada Pension Plan, Hammerson buy UK mall stake for $476 million

LONDON (Reuters) - Canada's Pension Plan Investment Board (CPPIB), one of the world's largest pension funds, and landlord Hammerson have bought a stake in a major British shopping center for 307 million pounds ($476 million). The 33.3 percent stake was bought from Australia's state pension fund, Future Fund, in a 50-50 joint venture, Hammerson said on Friday. Hammerson already owns a third of the Bullring shopping center in Birmingham and the purchase will take its ownership up to 50 percent.

Verizon says will not pay a premium for Vodafone stake: analyst

LONDON (Reuters) - Verizon Communications would like to buy out Vodafone from their Wireless joint venture but will not do so at any cost, its chief executive has told JP Morgan analysts, In a note to clients, analyst Philip Cusick said Verizon boss Lowell McAdam had said he did not believe a premium would be required to buy Vodafone's 45 percent stake in the highly successful Verizon Wireless business, because Verizon already had control through its 55 percent holding.

Boeing plans to build world's longest-range passenger jet

PARIS/DUBAI (Reuters) - Boeing has shown airlines a blueprint for the world's longest-range passenger jet, adding spice to a long-awaited revamp of its 777 wide-body jet, people familiar with the matter said. Boeing on Wednesday launched a race against Airbus for sales of the newest long-haul jets by announcing it had begun selling an upgraded aircraft family code-named 777X.

Global shares stall as U.S. jobs report looms, dollar dips

LONDON (Reuters) - World share markets stalled near five-year highs and the dollar dipped on Friday as investors braced for monthly jobs data from the United States, which could add to growing concerns over the global growth outlook. Oil and gold were also supported as the dollar eased while the euro recovered some of its losses against the greenback seen after the European Central Bank cut rates and left the door open for a further easing in policy.

Source: http://news.yahoo.com/ca-business-summary-032819979.html

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