By Lewis Krauskopf
NEW YORK (Reuters) - It's been a banner year for the major U.S. stock indexes, but one economically sensitive corner of the market sticks out as a sore spot.
The Dow Jones Transportation Average has fallen about 5% so far this year, a significant contrast with the 9% year-to-date rise for the benchmark S&P 500 and the 1% rise in the Dow Jones Industrial Average, which topped 40,000 points for the first time this month.
... (continue reading...)(Reuters) - Pakistan's Planning Ministry said on Friday that the economic outlook for the next year was positive, with a growth target of 3.6%, while inflation was likely to moderate to 12%.
Pakistan will present its annual budget on June 10, three days later than expected, two government sources said on Friday, as markets wait for details of plans seen as crucial to securing a new International Monetary Fund (IMF) loan. Pakistan's fiscal year starts... (continue reading...)
By Camillus Eboh
ABUJA (Reuters) - Nigeria's main labour unions on Friday said they had declared an indefinite strike from Monday over the minimum wage.
The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) - two of the country's biggest unions - had said on May 1 that they would down tools if a new minimum wage was not agreed by the end of May.
"Government refused to move forward, not even a kobo was added... (continue reading...)
SAN SALVADOR (Reuters) - El Salvador's national police shared details on Tuesday about an alleged plot by veterans of the country's civil war to detonate explosives on Saturday, when President Nayib Bukele is inaugurated for a second term.
KEY QUOTE
The suspects "were part of the so-called Salvadoran Insurrection Brigade and their objectives were to detonate (explosives) at gas stations, supermarkets and public institutions," the... (continue reading...)
By Steve Holland
WASHINGTON (Reuters) -U.S. President Joe Biden on Friday called on Hamas militants to agree to a new offer from Israel on releasing hostages in exchange for a Gaza ceasefire, saying this is the best way to begin winding down the deadly conflict.
"With a ceasefire, that aid could be safely and effectively distributed to all who need it," Biden said.
"As someone who's had a lifelong commitment to Israel, as the... (continue reading...)
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