Japan's unemployment rate dropped to 4.4% in May

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Source: Reuters
Japanese unemployment rate declined to 4.4% last month, indicating moderate recovery of the labour market after recent natural disasters, reported the Internal Affairs ministry. Experts projected the jobless rate of the country to approach 4.6% last month. Meanwhile the number of new job offers jumped by 3% on a monthly basis and by 24.4% on an annualized rate.

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Fri, 29 Jun 2012 07:47:27 GMT

Gold futures advanced in Asian trade

Gold prices eased up during Asian session on Friday amid broadly weaker US Dollar. US Dollar Index, which monitors the greenback's performance against a set of the six main currencies, lost 0.88% to 82.16 US Dollars. Comex gold futures for delivery in August traded at 1565.05 US Dollars per troy ounce on the New York Mercantile Exchange, rising by 0.94%.

Fri, 29 Jun 2012 11:39:25 GMT

China's Industrial Companies Profits decline

Profits of Chinese industrial companies shrank for a second consecutive month in May owing to economic slowdown. According to the National Bureau of Statistics, income declined by 5.3% from 2012 to USD61 billion. It is expected that the Chinese government may introduce measures to foster economic growth by stabilizing international trade and investing in infrastructure development. 

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