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According to the latest estimates, the sentiment in the manufacturing sector in Japan during the first quarter of the financial year till June.

The latest survey by the Bank of Japan showed that the Japanese economy is showing signs of a recovery. The survey result comes after Japanese manufacturers reported higher than expected performance in May, indicating that the drive by the government of Japan to boost the economy might be working.

Ministers have said that the discovery of shale gas across the UK will help bring windfall for the country as the government gets serious about extracting shale gas.

The British Geological Survey has said that there are shale gas reserves in Sheffield, Barnsley, Rotherham and Doncaster. Reserves have also been discovered around Manchester, the south of Nottingham, Harrogate, York and Scarborough. Communities will receive at least £100,000 for each well where fracking takes place for the extraction.

The Industrial and Commercial Bank of China has emerged as the biggest bank in the world indicating that the financial centre in the global economy is shifting towards east.

In terms of the balance sheet strength, the Industrial and Commercial Bank of China emerged on the top of the list of global banks with $160.6 billion in tier one capital. The bank recorded an annual profit of $49.1bn in 2012. The new report by the Banker magazine also showed that there were four state-owned Chinese banks in the top ten.

Los Angeles, July 1 : Actors Justin Timberlake and Jessica Biel are reportedly planning to have a baby soon.

The couple, who wed last year in a lavish ceremony, are content with their personal life and keen to expand their family.

"Now that they're married and Justin has made it clear he is devoted to Jess, there is no reason not to start a family," Star magazine quoted a source as saying.

Global research firm, PwC has said that the new coal regulator set by the government in India coals help attract competition and private companies into the sector.

It said that decision to set up a regulator will help in cleaning up the crucial sector as it will help in increasing competition in the sector. PwC officials also said that the move to set up a regulator will change to competitive structure of the sector and increase participation from the private sector firms.

YES Bank has said that it will not accept the application filed by Shagun Gogia to be a part of its board of directors.

The bank said that she cannot become a member of the board as the legal heir of one of the two founders. The bank also cited composition of boards of other banks such as ICICI Bank, HDFC Bank and Kotak Mahindra Bank.