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Euro hits nine-month low against the dollar
Frankfurt: Euro hit a new nine-month low against the US dollar as traders said as better than expected trade deficit figures and economic news from the United States weighed on the common currency.

The 12-nation euro bought $1.2084 in early European trading, down from $1.2117 in New York late Friday.
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China reports FDI slump
Shanghai: Foreign direct investment in China have dipped in the first five months of the year, though contracts for future investment have risen by 15 percent on-year in the same period, the government reported.

The US$22.4 billion in foreign direct investment from January to May was down 0.79 percent from the same period in 2004, the state-run newspaper China Daily reported, citing the Ministry of Commerce.

It said contracted direct investment, an indicator of future spending, rose almost 15 percent on-year to US$65 billion.
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