Business Topics

Global finance leaders pledge bold efforts for growth

Oct 12, 2014

Global finance leaders pledge bold efforts for growth

World financial leaders on Saturday promised “bold and ambitious” action to boost a global recovery that has shown recent disturbing signs of weakness. That pledge from the International Monetary Fund’s policy-setting committee came after a week of stomach-churning swings in the financial markets triggered ...

Top finance officials in G-20 grapple with weak growth

Oct 11, 2014

Top finance officials in G-20 grapple with weak growth

Finance ministers from the world’s largest economies said Friday they are determined to prevent a slide into another global recession, but a top U.S. official expressed frustration that a number of major economies were not doing enough to increase growth. After two days of ...

Oct 10, 2014

Drop in U.S. jobless claims points to labor market strength

The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market. Initial claims for state unemployment benefits dropped 1,000 to a seasonally ...

August machinery orders bounce back from plunge in May

Oct 9, 2014

August machinery orders bounce back from plunge in May

Core private-sector machinery orders rose a seasonally adjusted 4.7 percent from a month earlier in August to ¥807.8 billion, data showed Thursday, prompting the government to upgrade a leading indicator of capital spending. Core orders, excluding those for ships as well as from utilities ...

Kuroda says many options available for increased easing

Oct 9, 2014

Kuroda says many options available for increased easing

The Bank of Japan has “many options” for additional easing, Gov. Haruhiko Kuroda said, emphasizing that the bank will adjust its policy as needed to reach its 2 percent inflation target. “We have substantially increased our JGB holdings but still it’s about 20 percent ...

Oct 9, 2014

Dovish Fed minutes reveal global slowdown worries

Federal Reserve officials stressed “patience” in waiting to raise interest rates, worrying about weaker foreign economic growth and the stronger dollar, minutes of their September policy meeting showed Wednesday. Participants at the Federal Open Market Committee meeting discussed their concerns about the stronger dollar ...

Oct 8, 2014

IMF slashes economic growth projection for Japan

The International Monetary Fund on Tuesday slashed its projection for Japan’s economic growth by the most of any developed country, while also cutting its growth estimate for the global economy in view of mounting geopolitical tensions. In its semiannual World Economic Outlook report, the ...

BOJ keeps policy steady but warns of weak production

Oct 7, 2014

BOJ keeps policy steady but warns of weak production

The Bank of Japan on Tuesday kept its monetary policy steady, saying the economy is recovering despite the jolt it suffered from the consumption tax hike in April, but the bank downgraded its assessment of industrial output. The decision came as market participants believe ...

Oct 6, 2014

Japan-U.S. accord still seen as key to TPP deal

An agreement between Japan and the United States is still a key element before the envisioned Trans-Pacific Partnership can become a reality, according to informed sources. Ministers from 12 TPP negotiation member states, including Japan and the United States, will gather for three days ...