• This Monday, Aug. 24, 2015, file photo shows the New York Stock Exchange. Global stocks recovered their poise Thursday, May 5, 2016, following an unconvincing start to the month, as investors became cautious ahead of U.S. jobs data that could go a long way to determining whether the Federal Reserve raises interest rates in June. (AP Photo/Seth Wenig, File)

    Global stocks steady as US payrolls report looms

    TOKYO (AP) — Asian markets were mostly lower in nervous trading Friday ahead of a closely watched U.S. jobs-report that may influence interest rate decisions and the value of the U.S. dollar.

    Updated: 8:28 pm

  • In this Dec. 16, 2015, file photo, Puerto Rico Gov. Alejandro Javier Garcia Padilla speaks at a luncheon at the National Press Club in Washington. Garcia said on Sunday, May 1, 2016, that negotiators for the U.S. territory’s government have failed to reach a last-minute deal to avoid a third default and that he has issued an executive order to withhold payment. (AP Photo/Sait Serkan Gurbuz, File)

    Puerto Rico won’t make $370 million in debt payments Monday

    SAN JUAN, Puerto Rico (AP) — Gov. Alejandro Garcia Padilla announced that Puerto Rico’s government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S. territory’s spiraling public debt crisis.

  • A masked protestor kicks a tear gas canister during clashes with riot police as part of the traditional May Day march in Paris, France, Sunday, May 1, 2016. The traditional May Day rallies are taking on greater weight this year in France as Parliament is debating a bill that would allow longer working hours and let companies lay workers off more easily. (AP Photo/Michel Spingler)

    Union workers take to the streets in May Day rallies

    Trade unions and other groups are staging rallies around the world to mark International Workers Day. A look at some May Day events: