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Japan Deflation Deepens as Wholesale Prices Tumble

CNBC - Jul. 9, 2009, 6:48 PM

Japanese wholesale prices fell 6.6 percent in the year to June, the biggest annual drop on record, as the world's No.2 economy slides deeper into its second spell of deflation this decade. Declines in oil and raw materials costs weighed on wholesale ...

JGB 2-yr yield hits 3-1/2-yr low, BOJ eyed

Reuters - Jul. 9, 2009, 6:48 PM

TOKYO, July 10 (Reuters) - The two-year Japanese government bond yield fell to its lowest level in 3- years on Friday on growing speculation that the Bank of Japan will extend its corporate finance support measures beyond September at its policy meeting ...

FACTBOX-South Korea economic growth forecasts raised

Forbes.com - Jul. 9, 2009, 6:46 PM

investment banks in upgrading their assessment of the pace of recovery in Asia's fourth-largest economy. The Bank of Korea upgraded its gross domestic product forecast for this year to a 1.6 percent fall from a 2.4 percent drop previously, and next ...

Japan's Yosano: convinced Tokyo shares will rise

Forbes.com - Jul. 9, 2009, 6:45 PM

TOKYO, July 10 (Reuters) - Japanese Finance Minister Kaoru Yosano said on Friday the recent fall in Japanese share prices was regrettable but that they would rise again eventually, but he declined to comment on the rise in the yen earlier in the week. 'I ...

PRESS DIGEST - South Korean newspapers - July 10

Forbes.com - Jul. 9, 2009, 6:45 PM

SEOUL, July 10 (Reuters) - The following is a summary of major South Korean newspapers on Friday, prepared by Reuters in Seoul. Reuters has not checked the stories and does not guarantee their accuracy. CHOSUN ILBO The Ministry of Strategy and Finance ...

U.S. WCoast Products-Gasoline dips with demand

Forbes.com - Jul. 9, 2009, 6:45 PM

HOUSTON, July 9 (Reuters) - West Coast wholesale gasoline prices dipped again on Thursday as demand continued dormant in the midst of the summer driving season, traders said. Unleaded, ethanol-blend July CARBOB slipped 0.75 cent in a trade at 7.5 cents ...

Cleaner Buses in Developing World May Be Key in Climate Fight

New York Times - Jul. 9, 2009, 6:42 PM

Bogotá, Colombia, has implemented a bus rapid transit system, which improves traffic flow and reduces smog at a fraction of the cost of building a subway. BOGOT�?, Colombia Like most thoroughfares in booming cities of the developing world, Bogotás ...

Westpac sells $300 mln govt-backed eurobonds

Reuters - Jul. 9, 2009, 6:39 PM

SYDNEY, July 10 (Reuters) - Westpac Banking Group ...

Customers sue Singapore's DBS over investment loss

Reuters - Jul. 9, 2009, 6:39 PM

SINGAPORE, July 10 (Reuters) - More than 200 customershave sued Singapore's DBS Bank, a unit of DBS Group Holdings (DBSM.SI), in a bid to recover investment losses of around S$17 million ($11.6 million) arising from the collapse of Lehman Brothers, the ...

Peru central bank slashes benchmark rate to 2.0 pct

Reuters - Jul. 9, 2009, 6:39 PM

* Peru cuts benchmark interest rate to all-time low * Cenbank says indicators will guide future rate decisions (Adds analyst comment) LIMA, July 9 (Reuters) - Peru's central bank slashed its benchmark interest rate to an all-time low of 2.0 percent on ...