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Article: BUSINESS IN ASIA TODAY - DEC 10, 2008.
- Article from:
- AsiaPulse News
- Article date:
- December 10, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business in Asia on December 10, 2008. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
JAPAN'S NOVEMBER MACHINE TOOL ORDERS TUMBLE BY RECORD 62%
TOKYO - Machine tool orders for November fell 62.2 per cent on the year to 51.62 billion yen (US$560.5 million), the sharpest drop since tracking of such data began in 1963, according to preliminary data released Tuesday by the Japan Machine Tool Builders' Association. Orders started to decline from year-earlier figures in June when they slipped 2.5 per cent. Demand has been falling off faster in ...