U.S. manufacturing sector rises more than forecast

Source: RTT News
Business activity in the U.S. manufacturing sector accelerated for the fourth successive month in September, when the pace of growth exceeded original estimates, a report released by the Institute for Supply Management unveiled on Tuesday. The report showed that the purchasing managers' index rose from 55.7 in August to 56.2 recorded in September.

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Wed, 02 Oct 2013 05:25:04 GMT

Japan will increase sales tax next April: Shinzo Abe

Prime Minister of Japan Shinzo Abe declared that the country's government will rise up the sales tax in April 2014 as planned and the new stimulus package was confirmed to be JPY 5 trillion, a document published by the Cabinet Office showed on Tuesday. The consumption tax will be increase by the government from current level of 5% to 8%

Tue, 01 Oct 2013 12:44:08 GMT

Emerging-market stocks add after Indonesian report

Emerging-market shares moved up on Tuesday increasing for the first time in a six-day period after a report showed that Indonesian trade surplus exceeded forecast and as the U.S. Congress deadlock caused a partial shutdown of the U.S. government. The MSCI Emerging Markets Index gained 0.4% to 991.28 at 2:19 p.m. Hong Kong time reversing a previous 2.8% fall.

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