China's manufacturing contracts

Source: Bloomberg
© Scanpix/Reuters
Manufacturing in China shrank by more than expected in July, preliminary survey shows. It casts doubt on whether the government can achieve its growth target. The gauge of 47.7 is expected, the lowest in almost a year, where 50 is dividing line between expansion and contraction. The report came after China's authorities vowed to protect 7.5% growth.
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Wed, 24 Jul 2013 10:30:06 GMT

Japan extends export growth

Japanese exports gained for a fourth month in a row in June as the nation's currency declined and that made its products more attractive to consumers and shipments to the EU bounced off. Exports rose 7.4% compared to the previous year, according to the Finance Ministry. Japan's currency has plunged 22% versus the U.S. Dollar over the previous year and

Wed, 24 Jul 2013 09:41:08 GMT

Japanese stocks retreat from highest in two months

Japanese stocks dropped, with the regional Topix index falling from the highest level in two months, after shipping lines and construction companies posted losses. The Topix declined 0.2% to 1,219.92 at the close in Tokyo, after decreasing 0.7%, the index has fallen 18% from its highest level on May 22, while the Nikkei 225 Stock Average slid 0.3% to 13,731.28.

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