NEW YORK - ENCOURAGING news on the labour market buoyed stocks in early trading on Wednesday as investors waited for the Federal Reserve to weigh in on the economy.

KAMPALA, (Uganda) - UGANDA intends to woo Chinese investment to boost the country's efforts in adding value to exports and to tackle energy and infrastructure handicaps, government officials said.

China's commercial footprint has been expanding in Uganda over the last five years. It was the third biggest FDI source in the third quarter of 2009 after India and Britain, according to the Uganda Investment Authority (UIA).

WASHINGTON - THE US private sector shed 203,000 jobs in October, the seventh month in a row that employment declines were smaller than in the previous month, payrolls firm ADP said on Wednesday.

The ADP survey, a snapshot of nonfarm private employment that offers a clue on the direction of the US labour market, comes ahead of Friday's official October labour market data, expected to show the unemployment rate rising to 9.9 per cent.