Vietnam Imposes Anti-dumping Tax on Chinese Aluminum Products
HANOI—Vietnam has imposed an anti-dumping tax on some aluminum products from China, just months after a similar levy targeting steel items, as the Southeast Asian nation looks to rein in an ever-increasing trade deficit with its giant neighbor. An investigation launched in January found that Chinese dumping activities had seriously hurt domestic producers of aluminum, with some having to suspend output, the Ministry of Industry and Trade said. The anti-dumping tax on some aluminum products from 16 Chinese companies ranges from 2.49 percent to 35.58 percent and took effect for five years from Sept. 28, the government said on its website on Oct. 2. Aluminum imports from China nearly doubled last year to at least 62,000 tonnes, the ministry added. The figure excluded the amount of aluminum that transited through…
The U.S. unemployment rate fell in September to a new five-decade low of 3.5 percent, while employers added a modest 136,000 jobs.
The September unemployment rate fell from 3.7 percent in August. The average hourly wages slipped by a penny. Hourly pay rose 2.9 percent from a year earlier, lower than 3.4 percent at the beginning of the year, the Labor Department said Friday in its monthly jobs report.
Recent job gains have averaged 157,000 in the past three months, enough to absorb new job seekers and potentially lower unemployment over time.
The September jobs report is likely to keep the Federal Reserve on track to cut rates later this month for the third time this year to try to help sustain the expansion.
The unemployment rate for Latinos fell to 3.9 percent, the lowest on records dating from 1973.
Non-farm payrolls increased by 136,000 jobs last month, the government said. August data was revised to show 168,000 jobs created instead of the previously reported 130,000 positions.
The initial August job count was probably held back by a seasonal quirk related to students leaving their summer jobs and returning to school. Economists polled by Reuters had forecast payrolls would increase by 145,000 jobs in September.
Reuters contributed to this report.
This article is from the Internet:US Unemployment Rate Falls to 50-year Low of 3.5%
Hong Kong Police Get More Powers, Masks to be Banned in Bid to End Crisis: Media
HONG KONG—Hong Kong has loosened guidelines on the use of force by police as it struggles to stamp out pro-democracy protests that have rocked the Asian financial hub for nearly four months, according to documents seen by Reuters on Oct. 3. The city is also expected to ban face masks under a colonial-era emergency law that has not been used in half a century, media reported. The loosening of restrictions on the use of force came into effect shortly before some of the most violent turmoil seen in the protests on Tuesday, with police firing about 1,400 rounds of tear gas, 900 rubber bullets and six live rounds, as protesters threw petrol bombs and wielded sticks. More than 100 people were wounded, including a teenaged secondary school student who was…
