News Today - Aug 10

* Japanese machinery orders rose for the first time in four months in June and the current-account surplus widened, the latest signs that the nation’s worst postwar recession is easing.

* China Investment Corp., the mainland’s sovereign wealth fund, reveals in its first-ever annual report that its global investment portfolio suffered a loss of 2.1%

* The U.S. economy may be on the cusp of a recovery and the impact of the nation’s stimulus plan should increase this quarter, said Laura Tyson, an adviser to President Barack Obama.

* Indonesia’s economy probably grew at close to the fastest pace in Southeast Asia as higher commodity prices boosted rural incomes and a strife-free presidential election buoyed consumer spending and investment.

* 33% Indians likely to get H1N1: Azad