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Japan industrial data adds pressure on leaders to launch new stimulus

BEIJING: China and Japan reported depressing industrial data, adding to pressure on leaders of the world’s second- and third-largest economies to launch new stimulus. Two surveys showed Chinese manufacturing was weak in March and employers cut more jobs. In Japan, a central bank survey found companies expect conditions to deteriorate and plan to cut investment. The latest data muddy the ... Read More »

Japan companies face pressure to use near-record cash stockpiles to help drive growth

TOKYO: Japan companies have pressure to use their near-record cash stockpiles to help drive growth, with Finance Minister Taro Aso saying Thursday the government should consider a tax to prod businesses into action. “Japan should carefully consider issues like this,” Aso said in Parliament in response to a question from a lawmaker in his party about imposing an extra levy ... Read More »

Nawaz forms body to restore gas for textile units of Punjab

  ISLAMABAD: Prime Minister Nawaz Sharif has formed a committee headed by Federal Finance Minister Ishaq Dar to finalise suggestions for settlement of the issue of gas shortage for textile industry in Punjab during winter months. The new committee has been constituted soon after the Government temporarily suspended the gas load management plan for the textile units in the Punjab ... Read More »