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Asia Economy

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  • 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 Tuesday, 30 Jun 2015 | 9:12 PM ET
    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.

  • PRECIOUS-Gold struggles as Greek crisis lifts dollar Tuesday, 30 Jun 2015 | 9:11 PM ET

    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 PMI paints lackluster picture Tuesday, 30 Jun 2015 | 9:01 PM ET

    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.

  • Are Japan's companies getting downright cheerful? Tuesday, 30 Jun 2015 | 8:51 PM ET

    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 Tuesday, 30 Jun 2015 | 7:52 PM ET
    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.

  • Vietnam scraps foreign ownership limits Monday, 29 Jun 2015 | 9:54 PM ET
    The skyline of the downtown area, Ho Chi Minh City, Vietnam.

    Foreign investors will soon be able to take 100 percent stakes in big Vietnamese companies as the country seeks to revive its stuttering economy.

  • No more IPOs in China? Monday, 29 Jun 2015 | 11:16 AM ET
    No more IPOs in China?

    Chinese regulators are reportedly considering suspending IPOs to stabilize the country's struggling markets. Jon Steinberg, Daily Mail North America CEO, shares his view.

  • DUBAI, June 29- An assault on a Tunisian resort, which killed 39 people, has sent holidaymakers fleeing and dealt a major blow to the country's tourism industry, but the broader economy should be robust enough to withstand the shock. European tour operators are evacuating thousands of tourists after Friday's attack by a lone militant on a beach in Sousse and many...

  • China markets 'divorced from reality': Leland Miller Monday, 29 Jun 2015 | 6:53 AM ET
    China markets 'divorced from reality': Leland Miller

    Leland Miller, China Beige Book president, says there is still a lot of internal and external weakness in Chinese equities that are "making people nervous."

  • Asian markets tumble on Greece news Monday, 29 Jun 2015 | 6:12 AM ET
    Asian markets tumble on Greece news

    CNBC's Sri Jegarajah reports on the selloff in Asian equities after Greece was unable to reach a deal with its creditors this weekend.

  • *Yen sharply higher after Greece fails to reach deal, sets vote. LONDON, June 29- The euro came off its lows on Monday as the Swiss National Bank said it intervened in the market to weaken the franc, with the single currency little changed on the day after initial steep losses on concerns that Greece was on the brink of default. Greece looks virtually certain to miss a...

  • *For poll data: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? BEIJING, June 29- Growth in China's manufacturing sector likely picked up slightly in June, a Reuters poll showed, offering some signs that the world's second-largest economy may be levelling out after a series of easing measures by the government. The flash HSBC/ Markit PMI released...

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