Asian shares drop on U.S. deadlock

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Source: Reuters
Asian equities tumbled on Wednesday as the deadlock in talks between the U.S. President Barack Obama and congressional politics continued when they failed to agree in the new debt ceiling to avoid the country's technical default. MSCI' broadest Asia-Pacific index outside of Japan slipped 0.3%, while Japan's benchmark index Nikkei erased its previous losses.

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Wed, 09 Oct 2013 06:43:55 GMT

Japan's machine tool orders drop in September as export demand falls

Machine tool orders in the Asian second-largest economy fell on an annual basis in September mainly due to a steep drop in export demand, the Japan Machine Tool Builders' Association reported on Wednesday. The report showed that the total figure of machine tool orders slipped 6.3% in September as the export market orders declined 23.4% in same the month.

Tue, 08 Oct 2013 17:21:04 GMT

German factory orders drop unexpectedly in August, exports rise

Factory orders in the Eurozone's largest economy surprisingly declined in the month of August mainly due to weaker demand from the 17-nation bloc, while exports advanced, the Federal Ministry of Economics and Technology showed on Tuesday. Factory orders fell 0.3% on a monthly basis in August, whereas exports increased 1% month-on-month in the same month.

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