Asian stocks made modest gains on Monday after better-than-expected U.S. jobs data raised hopes the United States can lead the world out of recession, but Asian currencies were kept in check by a fluctuating U.S. dollar. The U.S. jobs report on Friday, which showed fewer-than-feared job losses in July and a surprise dip in the

The Nikkei average hit its highest close in 10 months on Monday, buoyed by stronger-than-expected U.S. jobs data and a report that Mitsubishi Chemical was in talks to acquire resin maker Mitsubishi Rayon. Japan's machinery orders, a leading indicator of capital spending, rose in June for the first time in four months, helping shares such

Presidential Commissioner George Iacovou and Turkish Cypriot leader’s advisor Ozdil Nami together with UN Secretary-General's Special Representative in Cyprus Tayee-Brook Zerihoun are on their way to the area of Tilliria, on the northwest of Cyprus, where Limnitis crossing point will open. The visit was decided in the framework of the leaders’ talks and its purpose

Asian stocks rose on Monday after better-than-expected U.S. jobs data raised hopes the United States can lead the world out of recession, but oil prices retreated as investors took profits and focused on the U.S. dollar. The U.S. jobs report on Friday, which showed fewer-than-feared job losses in July and a surprise dip in the

Oil posted gains on Friday, briefly touching a six-week high as markets rose on the release of better-than-expected job-loss numbers out of the United States. By 1300 GMT U.S. light crude for September delivery rose 64 cents a barrel to $72.58 after briefly touching a high as $72.84. London Brent crude rose 48 cents to

U.S. employers cut 247,000 jobs in July, far less than expected and the least in any month since last August, according to data on Friday that provided the clearest evidence yet that the economy was turning around. With fewer workers being laid off, the unemployment rate eased to 9.4 percent in July from 9.5 percent

Based on the Council Regulation N° 389/2006 establishing an instrument of financial support for encouraging the economic development of the Turkish Cypriot community and in line with the objective of contributing to the growth of the private sector and to the diversification of the economy via the promotion of innovation, production capacity modernization, entrepreneurship, business

Better-than-expected data on the state of U.S. jobs on Friday reversed European stock losses, set Wall Street on course for a positive start and stripped demand for government bonds. The dollar rose against the yen and euro and Treasury yields shot up. The U.S. Labor Department said that U.S. employers cut 247,000 jobs in July

Having largely passed the second-quarter corporate earnings test without major shocks, the next hurdle for global financial markets is likely to be the eventual withdrawal of extra cash injected by central banks. In this context, the outcome of next week's Federal Reserve's monetary policy meeting will be crucial. While the Bank of England expanded its