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Japanese businesses cut spending for a ninth quarter as the global recession squeezed profits, underscoring the challenge for the incoming government to sustain a recovery from the country’s worst postwar slump.
Capital spending excluding software fell 22.2 percent in the three months ended June 30 from a year earlier, after dropping a record 25.4 […]
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The Organization for Economic Cooperation and Development predicted a “modest” recovery for the world’s leading industrialized economies as it cut its estimate for their recession this year.
The combined economy of the Group of Seven nations will shrink 3.7 percent this year, less than the 4.1 percent projected in June, the OECD said in […]
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Orders placed with U.S. factories rose less than forecast in July, restrained by a decline in non-durable goods such as oil and food that masked a jump in demand for new equipment that was larger than previously estimated.
Bookings gained 1.3 percent after a revised 0.9 percent increase in June that was larger than […]
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Federal Reserve Governor Daniel Tarullo, President Barack Obama’s first pick to the U.S. central bank’s board, is leading an overhaul of its bank examinations, aiming to identify potential threats across the industry.
The initiative is aimed at providing an “independent perspective for what is going on among big institutions, but also in the system,” […]
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