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Japan on cusp of recovery after Q2; yen clouds outlook

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Japan's economy shrank much less than expected in the second quarter as companies made strides in restoring output after the devastating earthquake in March, but a soaring yen and slowing global growth cloud the prospects for a sustained recovery.

170 killed, 67 Injured in Wave of Attacks Across Iraq (Video)

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A series of bomb blasts rocked Iraq on Monday, killing at least 170 people and wounding 67. The attacks, which disrupted the otherwise quiet holy month of Ramadan, took place in less than two weeks after the Iraqi government said it would negotiate with the U.S. for keeping some of its troops after the end of the year.
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100 dollar bank notes and 10,000 yen notes.

Japan on Cusp of Recovery after Q2, but Yen Clouds Outlook

Japan's economy shrank much less than expected in the second quarter as companies made strides in restoring output after the devastating earthquake in March, but a soaring yen and slowing global growth cloud the prospects for a sustained recovery.
Franco and Pinto pose at the premiere of "Rise of the Planet of the Apes" at the Grauman's Chinese theatre in Hollywood

"Apes" Hangs on to Domestic Box Office Lead

Nothing could stop angry apes from tearing through the domestic weekend box office as "Rise of the Planet of the Apes" took the lead with an estimated $27.5 million in U.S. and Canadian ticket sales plus $40.5 million internationally.
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'Apes' hangs on to domestic box office lead

Nothing could stop angry apes from tearing through the domestic weekend box office as "Rise of the Planet of the Apes" took the lead with an estimated $27.5 million in U.S. and Canadian ticket sales plus $40.5 million internationally.
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Pakistan Let China See Crashed U.S. "Stealth" Copter

Pakistan gave China access to the previously unknown U.S. "stealth" helicopter that crashed during the commando raid that killed Osama bin Laden in May despite explicit requests from the CIA not to, the Financial Times reported on Sunday.
Chinese companies on a Foreign Foray

Stocks Bounce on U.S. Cues; Sentiment Wary

Asian equities bounced on Monday and safe-haven assets like gold and the Swiss franc fell as market players cautiously returned to pick up bargains after last's week wild ride, though concerns over the weak global economic outlook may keep gains in check.
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Instant view: Japan Q2 GDP shrinks less than forecast

Japan's economy contracted at a slower pace than expected in the second quarter as output and exports recovered from the devastating earthquake in March, but a soaring yen and slowing global growth clouds the outlook.
IBTimes Logo

Japan at cusp of recovery in Q2; yen clouds outlook

Japan's economy shrank much less than expected in the second quarter as companies made strides in restoring output after the devastating earthquake in March, but a soaring yen and slowing global growth cloud the prospects for a sustained recovery.
IBTimes Logo

Japan economy shrinks less than forecast; yen clouds outlook

Japan's economy contracted at a slower pace than expected in the second quarter as output and exports recovered from the deadly earthquake in March, but a soaring yen and slowing global growth cloud the outlook for an economy emerging from recession.
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China Bright Food to buy Manassen for over $516 million

China's state-owned Bright Food Group has agreed to buy Australian branded food business Manassen Foods, giving it an enterprise value of over A$500 million ($516 million), a person with direct knowledge of the matter told Reuters on Sunday.

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