U.S. employers unexpectedly cut 85,000 jobs in December, cooling optimism on the labor market's recovery and keeping pressure on President Barack Obama to find ways to spur job growth. The Labor Department said on Friday that November payrolls were revised to show the economy actually added 4,000 jobs rather than losing 11,000 as initially reported,
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Gains in banks and mining firms offset weaker oil majors to help Britain's top share index edge up slightly by mid-session on Friday as investors awaited the release of a key jobs report from the United States. At 1152 GMT the FTSE 100 was up 2.67 points at 5,529.39. A series of broker upgrades helped
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Stock index futures were little changed on Friday ahead of a key monthly employment report expected show the economy stopped shedding jobs last month for the first time in two years. A Reuters survey of 84 economists on Thursday forecast that U.S. nonfarm payrolls were flat in December after dropping by 11,000 in November, while
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A stronger jump in inventories and positive but smaller than expected net trade drove the euro zone out of recession in the third quarter, but investment was weaker than thought, revised data showed on Friday. The European Union's statistics agency confirmed its earlier estimate that the economy of the 16 countries using the euro expanded
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British factory gate inflation rose more than expected in December and at its fastest annual rate in nearly a year, official data showed on Friday. The Office for National Statistics said producer output price inflation was 3.5 percent higher last month than a year ago, beating the consensus forecast for a 3.1 percent rise. Input
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A stronger jump in inventories and positive but smaller than expected net trade drove the euro zone out of recession in the third quarter, but investment was weaker than thought, revised data showed on Friday. The European Union's statistics agency confirmed its earlier estimate that the economy of the 16 countries using the euro expanded
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Paphos International Airport, on the western coast, has secured the highest percentage of positive preferences among Thompson Airways travelers, the Cyprus Tourism Organisation announced here today. The CTO has expressed great satisfaction for this development said that Thompson Airways conducted a survey among its clients and Paphos International Airport ranked first among the main European
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Economic sentiment in Cyprus continues to improve, according to the Economic and Consumer Survey conducted by the European Commission for December 2009. The economic sentiment indicator (ESI) in Cyprus in December 2009 rose to 65.2 units from 63,6 in November, while in the EU27 ESI gained 4.1 points, reaching 92.0 and in the Euro area
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A U.S. government report on Friday is expected to show the economy stopped shedding jobs last month for the first time since it fell into recession two years ago, easing a political weight on President Barack Obama. A Reuters survey of 84 economists on Thursday forecast nonfarm payrolls would be flat in December after dropping
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Call it a "slate" or call it a "tablet," the technology world is suddenly awash with a novel category of mobile devices seeking to grab the spotlight from a hugely anticipated product launch by Apple Inc later this month. Hewlett-Packard Co, Microsoft Corp, Dell Inc, Motorola Inc and Lenovo Group Ltd are among a barrage
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