JAPAN

Jobs growth stalls, setting back recovery hopes

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U.S. jobs growth ground to a near halt in June as employers hired the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year.

Wholesale inventories jumped in May

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U.S. wholesale inventories rose more than expected in May, the U.S. Commerce Department said on Friday, creating a potential drag on growth in the second half of the year as the job market slows further.
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Jobs barely rise, dashing hopes of economic revival

U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.
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Jobs seen boosting hopes of an economic revival

U.S. companies probably stepped up hiring in June as the economy recovers from a stumble in recent months, although job growth is not expected to be strong enough to eat into high unemployment.
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LG cuts smartphone, handset targets, launches 3D phone

LG Electronics Inc, the world's No.3 handset maker, cut its 2011 smartphone and handset targets on Thursday because its Optimus series has failed to stop the runaway success of Apple's iPhone and Samsung's Galaxy S.
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Japan core machinery orders up, recovery under way

Japan's core machinery orders rose in May at the fastest pace in four months in a sign that capital expenditures will stay firm and support the economic recovery as the country rebuilds from a devastating earthquake and tsunami.
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Suzuki eyes inland move of coastal facilities: report

Tokyo, July 7 - Suzuki Motor Corp <7269.T> plans to spend 40 billion yen ($494 million) to relocate several coastal facilities further inland to avoid damage from possible tsunamis, the Nikkei business daily said on Thursday.
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Asia shares drift up, euro steady before ECB

Asian shares drifted up toward a one-month high on Thursday as Chinese bank shares bounced higher on hopes of a near-term pause in policy tightening, while the euro steadied before a widely expected rate hike from the European Central Bank later in the day.
International Olympic Committee (IOC) President Jacques Rogge announces Pyeongchang as the winning city bid for the 2018 Winter Olympic Games

[PHOTOS] South Korea Overjoyed: Raw Reactions to Pyeongchang's 2018 Olympics Win

Pyeongchang, Korea, was announced as the host city for the 2018 Olympic Winter Games today - a crushing victory over rivals Munich of Germany and Annecy of France in the International Olympic Committee (IOC) vote in Durban. After two failed attempts for 2010 and 2014, Pyeongchang will mark the first Winter Games in Asia outside of Japan
International Olympic Committee (IOC) President Jacques Rogge announces Pyeongchang as the winning city bid for the 2018 Winter Olympic Games

[PHOTOS] South Korea Overjoyed: Raw Reactions to Pyeongchang's 2018 Olympics Win

Pyeongchang, Korea, was announced as the host city for the 2018 Olympic Winter Games today - a crushing victory over rivals Munich of Germany and Annecy of France in the International Olympic Committee (IOC) vote in Durban. After two failed attempts for 2010 and 2014, Pyeongchang will mark the first Winter Games in Asia outside of Japan
China Facing Economic Troubles

5 Reasons China's Bubble Will Burst

China raised interest rates for the third time this year in response to rising inflation in the country. That's just one of the problems the world's second-largest economy faces.
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BOJ to hold fire, tone up optimism on economy

The Bank of Japan is expected to hold off on easing monetary policy further and revise up its assessment of the economy next week, encouraged by a pickup in factory output and recovery in business sentiment hit by the devastating earthquake in March.
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Euro struggles and China banks fall on Temasek

Chinese banking shares fell for a second day on Wednesday, while the euro clawed back losses but was still seen at risk after Moody's slashed Portugal's credit rating to junk status, reigniting fears that it may need a second rescue package.

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