Cyber crime syndicates raked in as much as $37 billion last year and are intensifying operations across Southeast Asia despite mounting law enforcement efforts, the United Nations said.

Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour market data dispelled fears of a recession and spurred a sharp paring of rate-cut bets.

TOKYO >> Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labor market data dispelled fears of a recession and spurred a sharp paring of rate-cut bets.

Asian equity markets saw a strong rally on Monday, with Japan’s Nikkei 225 (.N225) leading the charge, rising 2%, as robust US labor market data boosted investor sentiment and pared back expectations of significant rate cuts by the Federal Reserve.