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Japan machinery orders post first rise in 3 months as overseas demand drives recovery

The Canadian Press - 1 hour, 59 minutes ago

TOKYO - Japanese machinery orders, a closely watched indicator of future business investment, rose in December for the first time in three months, the government said Wednesday.

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  • An unknown Toyota car covered in preparation for the Chicago Auto Show, February 9, 2010. REUTERS/John Gress
    Honda expands airbag recall as more Toyotas probed Reuters - 47 minutes ago

    TOKYO/DETROIT (Reuters) - Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis.

  • A coal dredger tears into the Loy Yang Open Cut coal mine close to Melbourne. Australian billionaire Clive Palmer has insisted a major coal deal would go ahead despite denials from the Chinese buyer that it had signed a binding agreement. Photo:Paul Crock/AFP
    Resourcehouse insists bumper China coal deal is on AFP - 1 hour, 12 minutes ago

    PERTH, Australia (AFP) - Australian billionaire Clive Palmer, chairman of the reources giant Resourcehouse, on Wednesday insisted a major coal deal would go ahead despite denials from the Chinese buyer that it had signed a binding agreement.

  • BHP Billiton-issued photo shows the mining giant's Illawarra coal business in New South Wales. The world's biggest miner has fired a warning over the economic recovery on Wednesday despite smashing forecasts with half-year profits of 6.14 billion US dollars. Photo:/AFP
    BHP Billiton cautious despite profits doubling AFP - 1 hour, 33 minutes ago

    SYDNEY (AFP) - The world's biggest miner BHP Billiton fired a warning over the economic recovery on Wednesday despite smashing forecasts with half-year profits of 6.14 billion US dollars.

  • Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange February 8, 2010. REUTERS/Remote/Michael Leckel
    Greece rescue hopes lift stocks but euro wavers Reuters - 1 hour, 39 minutes ago

    HONG KONG (Reuters) - Asian stocks rose on Wednesday on signs that the European Union may rescue debt-strapped Greece, coaxing nervous investors back to riskier assets, but uncertainty over the plan weighed on the euro.

  • Workers produce handsets at a factory in Shenzhen, in southern China's Guangdong province. The country's exports surged 21 percent on-year in January, the government said Wednesday, after figures showed the Asian giant had overtaken Germany as the world's leading exporter in 2009. Photo:/AFP
    China exports surge in January AFP - 1 hour, 58 minutes ago

    BEIJING (AFP) - China said Wednesday that its exports surged in January for the second straight month, solidifying the Asian powerhouse's new position as the world's leading exporting nation.


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