Business and Finance news

Bank of Japan Governor Masaaki Shirakawa said the economic recovery is likely to be “only moderate” as demand at home and abroad remains sluggish and prices keep falling.
“It is hard to assume a marked and rapid recovery in exports,” Shirakawa said in a speech today in Osaka, the country’s second-largest metropolitan area. Spending […]

Nine months ago, a historic meeting was breaking up in the ballroom of a Secaucus, N.J., hotel. Anheuser-Busch shareholders had just agreed to sell America’s biggest brewer to an aggressive Belgian brewer called InBev.
August A. Busch IV, whose stint as chief executive of Anheuser-Busch would end with the sale, stepped down from […]

Barnes-Jewish Hospital is getting a new leader next month at a time when health care facilities are feeling the pinch of the troubled economy and facing the uncertainties of health care reform.
But Richard Liekweg, who will become president of Barnes-Jewish and Barnes-Jewish West County Hospital on Sept. 14, believes BJC HealthCare is on […]

The Federal Reserve argued yesterday that identifying the financial institutions that benefited from its emergency loans would harm the companies and render the central bank’s planned appeal of a court ruling moot.
The Fed’s board of governors asked Manhattan Chief U.S. District Judge Loretta Preska to delay enforcement of her Aug. 24 decision that […]

Singapore’s industrial production unexpectedly surged the most in 16 months in July as pharmaceuticals output jumped and the electronics slump eased, heralding a sustained economic recovery.
Manufacturing, which accounts for about a quarter of Singapore’s economy, rose 12.4 percent from a year earlier following a revised 9 percent decline in June, the Economic Development […]

The health care industry is poised to realize huge savings by implementing electronic health records systems, but who really benefits is up for debate.
Digitizing health records is a big part of the Obama administration’s health reform agenda, with the president arguing that EHR will save taxpayers from wasteful spending by making health care more efficient. […]

Texas unemployment climbed to a 21- year high in July, even as the nationwide jobless rate declined, after a plunge in natural-gas prices undermined a state economy that was spared the brunt of the recession before this year.
The July unemployment rate rose to 7.9 percent in the second-biggest U.S. state by population, the […]

India’s benchmark wholesale price index extended its longest decline in three decades as central bank Governor Duvvuri Subbarao says an inflation-targeting policy isn’t enough to maintain financial and economic stability.
Wholesale prices fell 1.53 percent in the week to Aug. 8 from a year earlier, the commerce ministry said in New Delhi today. That […]

Turkey, which has cut its key interest rate more than any other G-20 country, will likely slash it again as inflation slows to closer to the levels of the European Union which the country aims to join.
The Ankara-based central bank will probably reduce the overnight borrowing rate half a percentage point to 7.75 […]

European consumer prices dropped more than initially estimated in July as energy costs decreased and rising unemployment prompted households to cut spending.
Prices in the 16-member euro region fell by a record 0.7 percent from the year-earlier month after declining 0.1 percent in June, the European Union statistics office in Luxembourg said today. The […]