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Asian economic and corporate news summary.

Europe Intelligence Wire

| August 11, 2006 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AFX Europe (Focus))

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT:

JAPAN:

-April-June GDP up 0.2 pct quarter-on-quarter, annual growth 0.8 pct, below forecasts

-April-June GDP growth slows on weak exports, but recovery seen continuing

-June industrial output growth revised upwards to 2.1 pct month-on-month

-Bank of Japan votes unanimously to keep overnight call rate at 0.25 pct

-Bank of Japan says economy expanding moderately

-Bank of Japan governor not ruling out rate hike before year-end

-Economic policy minister sees no quick second interest rate hike

-Showa Shell Sekiyu H1 net profit 29.26 bln yen vs 28.61 bln yen

SOUTH KOREA:

-Govt pledges 10 bln won for NKorean flood relief effort

-Ssangyong Motor Q2 net profit 5.7 bln won vs loss 67.4 bln won

-Ssangyong Motor returns to profit in Q2 on cost restructuring

-Ssangyong Motor …

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