Japanese machinery orders rise

Source: The Wall Street Journal
Japan's core machinery orders, leading indicator of capital spending, increased more than economists expected in April, rising 5.7 % amid the Yen's appreciation and Eurozone's turmoil. Compared with year earlier, core orders grew 6.6% in April. The figures showed that robust domestic demand will stimulate Japan's economic recovery.
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Wed, 13 Jun 2012 08:12:43 GMT

Aussie slightly lower ahead of Greek elections

The New Zealand Dollar and Australian Dollar modestly weakened against their major peers on Wednesday fuelled by worries the outcome of Greek elections may deepen European debt turmoil. Economists predict markets to be nervous until elections. Aussie gave up 0.1% to USD 0.9950 while Kiwi traded flat at USD 0.7769. Currently AUD/USD is trading at USD 0.9944 and NZD/USD is trading at USD 0.7767.   

Wed, 13 Jun 2012 07:51:41 GMT

Esprit tumbles after CEO resigns

Esprit Holdings plunged to 15-year record low in Hong Kong morning trade after its CEO Ronald Van der Vis resigned. He is the second top executive that quits in 6 months. Esprit shares tumbled 21% to HKD 10.64 on Wednesday, the most since 1997. Van der Vis claimed he is resigning due to family and personal reasons. 

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