BERLIN (Reuters) – Mercedes-Benz expects top end vehicle sales to rise in the single digits and said battery-electric vehicle production was hampered by production bottlenecks this year as it released …
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US and World News
Ex treasury secretary Mnuchin says U.S. in recession, will continue
by Reutersby ReutersRIYADH (Reuters) – Former U.S. treasury secretary Steve Mnuchin said on Wednesday he believed the United States was in a recession and said this would continue. Speaking at Riyadh’s flagship …
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US and World News
UK finance minister Hunt tells Bailey he reaffirms BoE independence
by Reutersby ReutersLONDON (Reuters) – British finance minister Jeremy Hunt met Bank of England Governor Andrew Bailey on Tuesday and reaffirmed his commitment to the central bank’s independence and its inflation target, …
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US and World News
ANZ hit with $152 million in fines and repayments for withholding benefits
by Reutersby Reuters(Reuters) -Australia and New Zealand Banking Group was ordered to repay A$211 million ($136 million) to customers and was fined A$25 million after failing to provide agreed benefits to some …
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US and World News
LG Display posts bigger-than-expected Q3 loss on sluggish device sales
by Reutersby ReutersBy Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korean flat-screen maker LG Display Co Ltd posted its second consecutive quarterly loss and cut its investment budget, as soaring …
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By Valentina Za MILAN (Reuters) -Italy’s No.2 bank UniCredit on Wednesday raised its 2022 profit goal above 4.8 billion euros ($4.8 billion), helped by higher interest rates and lower loan …
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BERLIN (Reuters) – Sentiment among German exporters increased slightly in October, although the overall situation remained difficult due to tense energy markets and a weak global economic environment, the Ifo …
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US and World News
Biden approval dips to 39% as Democrats brace for midterms -Reuters/Ipsos
by Reutersby ReutersBy Jason Lange WASHINGTON (Reuters) – President Joe Biden’s approval rating edged closer to the lowest level of his presidency just two weeks before U.S. midterm elections that will shape …
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US and World News
Japan stimulus package to likely to total $170 billion, Kyodo says
by Reutersby ReutersTOKYO (Reuters) – Japan will likely spend 25.1 trillion yen ($170 billion) in its upcoming economic stimulus package, the Kyodo news agency reported on Wednesday. Including municipal government expenditures and …
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US and World News
Germany’s Symrise hikes sales target on strong pet food, cosmetics demand
by Reutersby Reuters(Reuters) – German flavour and fragrance maker Symrise raised its outlook for full-year sales for the second time this year on Wednesday, after beating nine-month sales forecasts, citing rising demand …
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WASHINGTON, D.C. – The Major Crash Unit of the DC Metro Police Department is investigating an accident that took place at the intersection of New Jersey Avenue and P Street …
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US and World News
S.Korea’s LGES raises revenue outlook as battery order backlog rises
by Reutersby ReutersBy Heekyong Yang and Jihoon Lee SEOUL (Reuters) -Tesla Inc supplier LG Energy Solution Ltd (LGES) upped revenue guidance by 14% on Wednesday in the year’s second such change, after …
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US and World News
Japan Industrial Partners-led group likely to miss lending deadline for Toshiba buyout -Kyodo
by Reutersby ReutersTOKYO (Reuters) -The preferred bidder to buy out Toshiba Corp, a group led by private equity firm Japan Industrial Partners (JIP), is likely to miss the deadline to secure bank …
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US and World News
Analysis-Wages, not yen, key to when Japan shifts away from ultra low rates
by Reutersby ReutersBy Leika Kihara TOKYO (Reuters) – Solid wage growth, not a spiralling yen, is likely to be the trigger that drives the Bank of Japan away from its ultra-low interest …
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US and World News
Australia inflation races to 32-year high, sounds rates alarm
by Reutersby ReutersBy Wayne Cole SYDNEY (Reuters) – Australian inflation raced to a 32-year high last quarter as the cost of home building and gas surged, a shock result that stoked pressure …
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US and World News
Singapore to introduce new emissions rules for fossil-fuel power plants
by Reutersby ReutersBy Emily Chow SINGAPORE (Reuters) – Singapore’s energy regulator will be introducing new emissions standards for new and repowered fossil fuel-fired power generation units in 2023, a minister said on …
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US and World News
Poor corporate report cards in U.S., Asia point to economic pain
by Reutersby ReutersBy Eva Mathews, Chavi Mehta and Jane Lanhee Lee (Reuters) -U.S. companies from tech giants Alphabet and Microsoft to GE and toymaker Mattel reported big slowdowns in growth or warned …
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US and World News
Singapore central bank proposes measures on crypto trading, stablecoin
by Reutersby ReutersBy Chen Lin SINGAPORE (Reuters) – Singapore’s central bank has put forward proposals for new regulatory measures on cryptocurrency trading and stablecoins, in a bid to reduce the risk of …
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A look at the day ahead in European and global markets from Vidya Ranganathan The Federal Reserve’s blackout period has markets grasping at straws — home prices, sentiment indicators, Microsoft’s …
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US and World News
Liberal U.S. lawmakers withdraw Ukraine letter after blowback
by Reutersby ReutersBy Patricia Zengerle WASHINGTON (Reuters) -A group of liberal U.S. Democrats withdrew a letter to the White House urging a negotiated settlement to the war in Ukraine, the group’s chairperson, …
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US and World News
In ‘unprecedented’ global chip slump, SK Hynix to halve investment as recession looms
by Reutersby ReutersBy Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc warned on Wednesday of an “unprecedented deterioration” in memory chip demand, deepening fears of global recession, and …
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US and World News
Moody’s cuts Fosun International’s credit rating, raises concerns over asset sales
by Reutersby ReutersBy Roxanne Liu and Kane Wu BEIJING/HONG KONG (Reuters) -Global credit rating agency Moody’s downgraded Fosun International Ltd by one notch on Tuesday and revised its outlook to “negative” from …
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Video: Owners charged after police shoot their aggressive dog in Keyport
KEYPORT, NJ – The Monmouth County Prosecutor’s Office has determined that a dog on the loose in Keyport was acting aggressively upon their arrival. That interaction between the Keyport Police …
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Breaking NewsFeatured NewsHealth and WellnessNew Jersey News
New Jersey lawmaker to Murphy: No more vaccine mandates for our kids
by Phil Stiltonby Phil StiltonAfter a loosely structured recommendation by the CDC that says children as young as six months old should receive a COVID-19 vaccine, lawmakers are worried that Governor Phil Murphy will …
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Breaking NewsBusiness NewsNew Jersey NewsPolice BlotterSouth Jersey News
Philadelphia man pulls gun, robs South Jersey AT&T store
GLOUCESTER TWP, NJ – Police in Gloucester Township have arrested Nathan Jones, 20, of Philadelphia, after he pulled a gun and robbed an employee at the Blackwood Clementon Road AT&T …