Business and Finance news

U.S. service industries contracted less than forecast in April as home purchases and retail sales rose, another signal that the economic slump is abating.
The Institute for Supply Management’s index of non- manufacturing businesses, which make up almost 90 percent of the economy, rose to 43.7 from 40.8 the prior month, according to the […]

Japanese Finance Minister Kaoru Yosano expects the global economy to recover from the financial crisis in “the not too distant future,” with Asia being the key to the revival.
To help accelerate recovery in Asia, Japan yesterday offered $60 billion of yen-denominated swap facilities. Asia’s biggest economy also pledged to contribute $38.4 billion to […]