Breaking Business news from across New Jersey.
By Brenna Hughes Neghaiwi ZURICH -Credit Suisse on Thursday capped a scandal-ridden year with a $2.2 billion quarterly loss and said 2022 earnings would be weighed down by restructuring and…
-Tapestry Inc raised its full-year revenue and profit forecast on Thursday as consumers splurge on luxury handbags and apparel in the United States and Europe, boosting the Kate Spade owner’s…
By Echo Wang and Michael Berens – A China-based financier, once reprimanded by U.S. regulators and barred from taking his company public, played a bigger role than is publicly known…
By Jan Strupczewski BRUSSELS – Euro zone economic growth will be slower than earlier expected this year because of a new wave of COVID-19 infections, high energy prices and continued…
– Coca-Cola Co reported quarterly revenue on Thursday that beat analysts’ estimates, helped by higher prices for its soft drinks and on gradual reopening of theaters and restaurants across the…
By Luc Cohen NEW YORK – A former Goldman Sachs banker charged with helping to embezzle hundreds of millions of dollars from Malaysia’s 1MDB sovereign wealth fund will go on…
By Ron Bousso LONDON -Shell Chief Executive Officer Ben van Beurden on Feb. 7 sold 3.9 million pounds ($5.2 million) worth of the energy company’s shares, a company filing showed.…
PARIS -Shares in the world’s largest cosmetics company L’Oreal dropped on Thursday as higher marketing spending put pressure on profitability, overshadowing forecast-beating sales and gains in market share. The company’s…
By Dominique Vidalon PARIS -Pernod Ricard is more optimistic about its outlook for fiscal year 2022 after strong demand in the United States, China and Europe helped the French spirits…
By Victoria Klesty OSLO -DNB reported a 17% rise in fourth-quarter earnings on Thursday, in line with forecasts, as a relaxation of coronavirus restrictions boosted Norway’s largest bank. Net profit…
By Christoph Steitz and Tom Käckenhoff FRANKFURT – Thyssenkrupp said on Thursday that operating profit rose nearly fivefold in its first quarter, as its two biggest divisions – steel and…
FRANKFURT – Astrazeneca said global interest in government purchase agreements for its COVID-19 vaccine was driven by strong demand in Latin America, the Middle East and Asia, even as aggregate…
By Marine Strauss BRUSSELS – ArcelorMittal, the world’s second largest steelmaker, said on Thursday it would increase its dividend and announced a new $1 billion capital return for the first…
By Tushar Goenka BENGALURU – India’s retail inflation likely accelerated to 6.0% in January, the upper limit of the Reserve Bank of India’s tolerance band, driven by higher consumer goods…
By Carolyn Cohn and Paul Arnold LONDON -Zurich Insurance expects continued revenue and profit growth in the next two years, its chief financial officer said on Thursday, after the Swiss…
By Joyce Lee SEOUL – Samsung Electronics unveiled the latest versions of its flagship Galaxy S smartphones on Wednesday which feature enhanced camera functions and a faster processor chip, hoping…
By Matthieu Protard PARIS -Societe Generale struck a confident note for 2022 on Thursday after the French bank’s profit hit 1.79 billion euros ($2.05 billion) in the fourth quarter on…
A look at the day ahead in markets from Sujata Rao Markets are enjoying a respite of sorts. With 10-year Treasury yields down five basis points from recent highs, the…
By David Lawder WASHINGTON -The Biden administration is considering a new China tariff probe if talks fail to persuade Beijing to follow through on promised purchases of U.S. goods, energy…
By Chandini Monnappa BENGALURU -Indian automaker Mahindra and Mahindra Ltd reported a 57% jump in third-quarter profit on Thursday, boosted by higher revenues that offset an increase in costs due…
BEIJING – China hopes the United States will remove additional tariffs on Chinese goods and end its sanctions and crackdowns as soon as possible to create conditions for trade cooperation,…
By Helen Reid JOHANNESBURG – French automaker Renault SA has backed a moratorium on deep-sea mining, the company told Reuters on Wednesday, committing to exclude seabed metals from its supply…
By Helen Reid JOHANNESBURG – French automaker Renault SA has backed a moratorium on deep-sea mining, the company told Reuters on Wednesday, committing to exclude seabed metals from its supply…
LONDON -Credit Agricole SA beat its 2022 profit target a year early as lower costs for troubled loans and rising revenues across business lines boosted fourth-quarter results beyond consensus, France’s…
By Gaurav Dogra – Asian equities in January received the biggest upgrade in their forward 12-month earnings estimates in five months, boosted by higher commodity prices and demand for technology…