Economy

Economic News

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Japan Industrial Output Rises Less Than Expected

TOKYO (dpa-AFX) - Japan's industrial production expanded for the second straight month in May, though at a slower than expected rate, official data showed on Tuesday.Industrial production rose 0.5 percent month-on-month in May, the same as in the previous month, the Ministry of Economy, Trade and I…

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Economy
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Singapore Households to Face Higher Energy Costs

By Amanda LeeSingapore households' energy costs are set to rise, which could damp consumer spending and weigh on economic growth.Like many countries in the region, Singapore relies heavily on energy imports from the Middle East. "Natural gas prices had increased sharply from the end of February and…

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Economy
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China Manufacturing Activity Expands

BEIJING (dpa-AFX) - China's manufacturing activity expanded in June, official survey results from the National Bureau of Statistics revealed Tuesday.The manufacturing Purchasing Managers' Index rose to 50.3 in June from 50.0 in May. A score above 50.0 indicates expansion. The reading was also sligh…

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Economy
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Cal-Maine Foods Reaches Resolution Over DOJ Egg Pricing Probe

By Kimberley KaoCal-Maine Foods Inc. has reached a settlement with the U.S. Justice Department and various state Attorneys General after a probe over its egg pricing.The 15-month federal investigation looked into allegations the company and other egg producers coordinated pricing through an informa…

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China PMI Shows Relatively Constructive June Picture, BofA Says

China’s factory and non-manufacturing activity fared better than expected in June, according to Bloomberg.BofA’s Helen Qiao said supply-side factors have been “pretty resilient for some time,” but the key question is demand, including consumption and investment.

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Economy
NEWS dow-jones

Yen Falls to 40-Year Low Versus Dollar, Traders Alert for Potential FX Intervention — Update

By Ronnie HaruiThe yen fell to a 40-year low against the dollar in Asia on Tuesday, putting traders on high alert for potential currency intervention by the government.Japanese Finance Minister Satsuki Katayama on Tuesday renewed her pledge to stop excessive yen volatility. "We will take appropriat…

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