Breaking Business news from across New Jersey.
MANILA (Reuters) – Philippines central bank governor Felipe Medalla repeated on Friday he will vote to raise interest rates by 75 points at the monetary authority’s Nov. 17 meeting. Medalla,…
By Chayut Setboonsarng BANGKOK (Reuters) -Thai Airways International PCL expects to name a new permanent CEO as early as January 2023 as it proceeds with a pandemic-driven restructuring plan, the…
KYIV (Reuters) – The International Monetary Fund said it was starting “policy discussions” with Ukraine on Friday, building on meetings held in Vienna last month as Kyiv grapples with the…
BERLIN (Reuters) – The rising cost of borrowing and high inflation mean Germany’s federal government faces some 10 billion euros ($10.25 billion) more in interest payments than previously expected in…
By Victoria Waldersee BERLIN (Reuters) -Daimler Truck reported a 27% jump in third-quarter unit sales to nearly 135,000 on Friday as the chip shortage eased, but warned underinvestment in other…
By Kevin Yao BEIJING (Reuters) – An unexpectedly weak run of Chinese economic data this month has raised the heat on policymakers to deliver more stimulus measures, but it also…
SHARM EL-SHEIKH, Egypt (Reuters) – Saudi Aramco chief Amin Nasser said on Friday he was concerned there was not enough investment in the oil and gas sector to meet global…
BRUSSELS (Reuters) – The euro zone economy will grow more than previously expected in 2022, the European Commission forecast on Friday, and decelerate more than previously thought in 2023, but…
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Friday that efforts to bring inflation under control were likely to take between 18 months and two years, adding…
NAIROBI (Reuters) – Kenya is in talks with the World Bank for a budget support loan, sources said on Friday, as the new government of President William Ruto moves to…
PRAGUE (Reuters) – The Czech National Bank has not been present in currency markets to defend the crown since its last policy meeting on Nov. 3, but stands ready to…
HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 5.78 million Hong Kong-listed shares of electric vehicle maker BYD for HK$1.14 billion ($145.38 million),…
HONG KONG (Reuters) – Hong Kong’s economy contracted 4.5% in the third quarter from a year earlier, advance government data showed on Friday, weighed down by rising global interest rates…
By Rozanna Latiff and Mei Mei Chu KUALA LUMPUR (Reuters) -Malaysia’s economy expanded at its fastest pace in over a year in the third quarter, outrunning the growth rate in…
By Sudarshan Varadhan and Yimou Lee NEW DELHI/TAIPEI (Reuters) – Apple supplier Foxconn plans to quadruple the workforce at its iPhone factory in India over two years, two government officials…
(Reuters) – TuSimple Holdings Inc’s former chief executive Cheng Lu is returning to the role, days after the self-driving trucking company fired his predecessor following an internal probe that showed…
By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan (BOJ) must redefine its inflation target and phase out a radical yield-cap policy to mitigate mounting costs…
MUMBAI (Reuters) – Rating agency Moody’s cut India’s growth projections for the current and next calendar year due to higher inflation, high interest rates and slowing global growth that, it…
(Reuters) – The rouble firmed to a five-week high of near 60 versus the dollar in early trade on Friday, as oil prices jumped from a two-week low and the…
By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp on Friday cut its full-year operating profit outlook after a 75% slump in second-quarter profit – dismal results that heighten the uncertainty surrounding…
HONG KONG (Reuters) – A land plot in Shenzhen for building China Evergrande Group headquarters is put up for auction at a starting price of 7.5 billion yuan ($1.06 billion),…
SEOUL (Reuters) – Chances are increasing for the Bank of Korea to scale back to a 25-basis-point rate hike in November, a Fitch Ratings official said on Friday, although the…
By Kantaro Komiya and Daniel Leussink TOKYO (Reuters) – A beloved Japanese candy eaten by generations, so iconic it even appeared in a hit anime film, has come to the…
BERLIN (Reuters) – Germany’s consumer prices, harmonised to compare with other European countries, were 11.6% higher year-on-year in October, the Federal Statistical Office said on Friday, confirming preliminary figures. On…
By Anshuman Daga and Scott Murdoch SINGAPORE (Reuters) – Credit Suisse has cut eight jobs in its Southeast Asia investment banking and capital markets team, two sources familiar with the…