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Japan's machinery orders increase 4.2% in Jan.
Japan's core machinery orders rose 4.2 percent in January from the previous month, marking the second rise in five months,[link widoczny dla zalogowanych], the Cabinet Office said in a report on Wednesday.According to the government data, orders in the recording period totaled 766.1 billion yen (9.28 billion U.S. dollars), beating median economists' expectations.
Average forecasts were for a 2.5 percent increase on the back of December's 1.7 percent rise,[link widoczny dla zalogowanych], economists said.Ongoing robust demand from China and the U.S. continues to boost corporate earnings and companies are feeling more inclined to invest more in plants,[link widoczny dla zalogowanych],[link widoczny dla zalogowanych], machinery and equipment, the data showed.
And whilst the government maintained its assessment in January of machinery orders, saying they are in a recovery trend, they highlighted the fact that weak movements are being seen in the non- manufacturing sector.On a non-adjusted basis the Cabinet Office said that core machinery orders,[link widoczny dla zalogowanych], which exclude volatile orders from utilities and shipbuilders, increased 5.9 percent in January from a year earlier, with manufactures surveyed predicting core orders will rise 2.7 percent in the January-March period,[link widoczny dla zalogowanych], from the previous quarter.
Machinery orders are a key advance indicator for corporate capital spending and the government uses the data to predict the strength of business spending in a six to nine month period head.Such business investment accounts for roughly 15 percent of Japan's gross domestic product.
Starbucks rolls out new logo
The World's largest coffeehouse company Starbucks on Tuesday rolled out its new logo to celebrate its upcoming 40-year birthday.The Seattle-based company said in a statement that the new logo removes the Starbucks wordmark around the siren and enlarging the siren image.
The iconic white cups and promotional merchandise would carry the new logo, and four store fronts (in Beijing,[link widoczny dla zalogowanych], Paris,[link widoczny dla zalogowanych], London and New York) would unveil the new logo on Tuesday,[link widoczny dla zalogowanych], Starbucks said.The Starbucks logo was at first a brown-colored, topless, twin- tailed siren and it has been streamlined for three times over the years.The first Starbucks was opened in Seattle,[link widoczny dla zalogowanych], in the U.S. state of Washington, on March 30, 1971. Currently,[link widoczny dla zalogowanych], the company has coffeehouses in more than 55 countries and regions.
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