NEW YORK - WALL Street shares wobbled on Monday as investors awaited a barrage of economic data later in the holiday-shortened week, seeking clues on whether the recession is beginning to bottom out.
HONG KONG - CHINA and Hong Kong signed a deal on Monday allowing cross-border trade to be settled in yuan, a move seen as a step towards the greater convertibility of the Chinese currency.
TOKYO - JAPAN'S auto production fell for the eighth straight month in May, plummeting 41.4 per cent from a year earlier, as the nation's top industry continued to be hammered by the global slowdown.
Japan produced 542,282 vehicles in May, the Japan Automobile Manufacturers Association said on Monday in a monthly report.
SHANGHAI - BEIJING has suspended buying non-ferrous metals for state reserves after government stockpiling led to a surge in prices, Chinese media reported.
China has been building its inventories of metals, including 235,000 tonnes of copper, over recent months, Caijing magazine reported on its website over the weekend, citing Yu Dongming, an official with the state economic planner.
