U.S. employment likely grew solidly for a third straight month in February, a sign the economic recovery is becoming more durable and in less need of further monetary stimulus from the Federal Reserve. The economy probably created 210,000 jobs last month, according to a Reuters survey, following January's tally of 243,000. The unemployment rate is
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The London Stock Exchange is to buy a majority stake in LCH.Clearnet in a deal valuing the clearing house at 813 million euros ($1.1 billion), the two firms said on Friday. The LSE will hold up to 60% of LCH.Clearnet. It will pay 20 euros for each LCH.Clearnet share bought. The maximum price paid by
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Greece claimed a major success for its bond swap offer to private creditors on Friday after it won heavy acceptance for a deal that averts the immediate risk of an uncontrolled default on its massive public debt. The Finance Ministry said that 85.8% of private creditors had accepted its bond swap offer and that the
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Tokyo stocks jumped to a seven-month high on Friday as Asian shares rose on signs that Greece is a step nearer to securing a bailout fund, and on expectations U.S. nonfarm payrolls data due later in the day will confirm a labour market recovery. Financial spreadbetters expected major European markets to open mixed, with Britain's
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Senior Bulgarian government officials have returned bonuses worth more than 600,000 levs ($402,500) after a public outcry and the threat of dismissal. Prime Minister Boiko Borisov last month promised to sack any senior official who took bonuses during the country's economic downturn unless they returned them or donated them to charity. His order applied to
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* Nicosia club goes through 4-3 on penalties; Chiotis is MVP * All of Cyprus went into frenzied celebration after midnight following APOEL’s home win over Olympique Lyon to reach the elite Champions League quarter finals, the first Cypriot team to achieve this. Greek keeper Dionisis Chiotis was the hero of the night having saved
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Syrian Deputy Oil Minister Abdo Hussameldin has announced his defection on YouTube, becoming the first high-ranking civilian official to abandon President Bashar al-Assad since the uprising against his rule erupted a year ago. "I Abdo Hussameldin, deputy oil and mineral wealth minister in Syria, announce my defection from the regime, resignation from my position and
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Chinese cyberwarfare would pose a "genuine risk" to the U.S. military in a conflict, for instance over Taiwan or disputes in the South China Sea, according to a report prepared for the U.S. Congress. Operations against computer networks have become fundamental to Beijing's military and national development strategies over the past decade, said the 136-page
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As American public school administrators look to bring in more money by recruiting students overseas, they are also hunting closer to home – hoping to poach pupils from rival schools and to draw in home-schooled children. Schools generally get more state funding as their enrollment rises, so districts across the United States are seeking to
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Asian shares recovered on Thursday as investors cautiously bet on brightening prospects for Greece to secure a crucial bond swap, and so avoid a messy default, and U.S. data suggesting a recovery in the labour market ahead of key jobs figures. Other assets, from copper and gold to oil, along with commodity-linked currencies such as
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