World Economy

Japan's key CPI up 1.5 per cent in May

Tokyo  - Japan's core consumer price index (CPI) rose 1.5 per cent in May from a year before, recording the fastest increase in more than 15 years, the government said Friday.

Japan's industrial output up 2.9 per cent in May

Tokyo  - Japan's industrial output rose 2.9 per cent in seasonally adjusted terms in May, compared to April, the government said Friday.

Number of millionaires surges in Asia

Hong Kong  - The number of US-dollar millionaires in Asia surged in 2007, with India having the fastest growing population of individuals holding at least 1 million US dollars in financial assets,

US first quarter growth revised up to 1 per cent

OPEC crude price drops from record high

OPECVienna - The price of crude oil produced by the Organization of Petroleum Exporting Countries (OPEC) fel

Austria's Magna Steyr to build Porsche's Boxsters

Stuttgart - Luxury German sports carmaker Porsche SE said Thursday it was shifting production of its Boxer model from Finland to Austria.

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