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Asia Economy

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  • *Greece not able to repay 1.6 bln euros owed to IMF. *OPEC, U.S. output rises to multi-year highs. SINGAPORE, July 1- Oil prices fell over 1 percent on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund, and as both U.S. and OPEC production hit new records.

  • *China activity surveys hint at some leveling out, no rebound. SYDNEY, July 1- Growth in China's services sector picked up in June while big Japanese companies planned to ramp up spending at the fastest pace in a decade, offering hope that prospects are improving for Asia's largest economies despite sluggish factory growth. Wednesday's data fueled expectations...

  • *Asia holds nerve as Greece misses IMF loan payment. SYDNEY, July 1- Asian shares made guarded gains on Wednesday as investors gave a resigned shrug to news Greece had become the first developed economy to default on a loan with the International Monetary Fund. Calming after two days of wild swings, MSCI's broadest index of Asia-Pacific shares outside Japan...

  • BEIJING— China's manufacturing was weak in June and employers cut more jobs, two surveys showed Wednesday, in a new sign the world's second-largest economy is struggling to emerge from a slump. HSBC said jobs were cut at the fastest rate since February 2009 in the aftermath of the global financial crisis. The data "pointed to a further decline in the health of the...

  • BEIJING, July 1- Activity in China's factory sector expanded slightly in June though not as much as expected, while growth in the services sector sped up, official surveys showed, offering some signs that the world's second-largest economy may be starting to slowly level out after a raft of support measures. Beijing has rolled out a flurry of steps since last year,...

  • Don't read too much into BOJ's Tankan survey: Pro

    Marcel Thieliant, Japan economist at Capital Economics, is skeptical of the Bank of Japan's latest Tankan survey because Japan's recent economic data have been downbeat.

  • BEIJING— Two surveys show China's manufacturing was weak in June and employers cut more jobs in a new sign of weakness in the world's second-largest economy. HSBC Corp. said Wednesday its purchasing managers' index stood at 49.4, largely unchanged from May's 49.2 on a 100- point scale on which numbers below 50 show activity contracting. HSBC's survey showed...

  • SYDNEY/ TOKYO, July 1- The euro slipped in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. It has been choppy between $1.0955 and $1.1279 this week in reaction to ever-changing developments in Greece. The International Monetary Fund on Tuesday...

  • BEIJING, July 1- Activity in China's factory sector expanded slightly in June though not as much as expected, while growth in the services sector picked up, official surveys showed, offering some signs that the world's second-largest economy may be starting to level out after a raft of support measures. Beijing has rolled out a flurry of steps since last year,...

  • TOKYO, July 1- Japanese business sentiment improved to levels not seen since before the economy slipped into recession last year, offering relief to policymakers keen to keep the recovery intact without additional stimulus. Big companies plan to increase capital expenditure at the fastest pace in a decade, the Bank of Japan's closely watched "tankan" survey...

  • BEIJING, July 1- China's factory activity contracted for the fourth straight month in June but at a slower pace than in May, a private survey showed on Wednesday, offering signs that the economy may be slowly levelling out but is still in need of more support measures. The HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index edged up to 49.4 from 49.2 in...

  • BEIJING, July 1- China's factory activity contracted for the fourth straight month in June but at a slower pace than in May, offering some signs that the world's second-largest economy may be slowly leveling out but is still in need of more support measures. The HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index edged up to 49.4 from 49.2 in May, but...

  • *OPEC, U.S. output rises to multi-year highs. SINGAPORE, July 1- Oil prices fell on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund and as both U.S. and OPEC production hit new records. "Iraqi crude production climbed to a record level this month, with OPEC crude oil output estimated to have reached...

  • This expert has a positive view on China economy

    With growth in China's services PMI outpacing the manufacturing PMI, China's domestic environment is in a healthy state, says David Riedel, president & founder of Riedel Research Group.

  • SINGAPORE, July 1- Gold struggled close to its lowest in nearly four weeks on Wednesday, as the dollar stood tall after Greece missed a loan payment to the International Monetary Fund. *Greece made last-minute overtures to its international creditors for financial aid on Tuesday, but it was not enough to save the country from becoming the first developed economy...

  • China's official PMI stood at 50.2 in June, steady from the previous month and just above the 50-mark that separates growth from contraction.

  • The BOJ's tankan survey showed the country's large manufacturers are more optimistic than expected, with the index hitting its highest since March 2014.

  • BOJ's Tankan shows recovery in Japan: Pro

    Peter Boardman, managing director at Tradewinds, says the Tankan survey's stronger-than-expected reading indicates a recovery in Japan's economy.

  • TOKYO— Asian stock markets bounced back Tuesday, recouping some of the previous day's sharp losses, but investors remained worried the crisis in Greece could spread to other financially weak countries. China's Shanghai Composite was down 0.6 percent at 4,052.47 while Australia's S&P/ASX 200 was little changed at 5,423.70. "Most traders are well prepped over...

  • Markit’s must-read China PMI finds new home Tuesday, 30 Jun 2015 | 12:40 AM ET

    Markit has found two new sponsors for its Asia PMI data, with Caixin's name set to grace the China figures, while Nikkei will brand other Asian offerings.

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