TOKYO, Oct 11 Japan's core machinery orders fell 3.3 percent in August from the previous month, government data showed on Thursday, a sign that slowing demand in China and the broadening pain from Europe's debt crisis are sapping corporate appetite to spend. The fall was bigger than the median forecast for a 2.5 percent decline in a Reuters poll and followed a 4.6 percent rise in July. Compared with a year earlier, core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, declined 6.1 percent in August, the data showed. The Cabinet Office, which compiles the data series, kept its assessment of machinery orders unchanged, saying they are seesawing. To view full table, please go to the website of the Cabinet Office:
Loeb's Third Point hedge fund targeting Nestle for strategic changes- Bloomberg
June 25 Nestle SA, is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter.