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Japan core machinery orders up, recovery under way

Japan's core machinery orders rose in May at the fastest pace in four months in a sign that capital expenditures will stay firm and support the economic recovery as the country rebuilds from a devastating earthquake and tsunami.
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New Zealand Tsunami Warning Cancelled

A New Zealand tsunami warning has been cancelled but people and small boaters will need to be careful in the water in all parts of the area, officials said.
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Japan May factory output jumps by most in nearly 60 years

Japanese factory output jumped by the most in almost 60 years in May as manufacturers restore supply chains damaged by the massive earthquake and tsunami in March, the latest evidence the economy is headed for a V-shaped recovery from the disaster.

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