Breaking Business news from across New Jersey.
By Katanga Johnson WASHINGTON – The U.S. Securities and Exchange Commission (SEC) on Wednesday voted to propose heightened regulations meant to scrutinize how private fund advisers charge fees to investors…
By John McCrank NEW YORK – CME Group Inc on Wednesday reported a fourth-quarter profit that topped Wall Street expectations, helped by increased usage of the futures exchange operator’s interest…
By Richa Naidu and Ross Kerber LONDON/BOSTON – Criticised by a major investor for focusing on sustainability more than financial performance, Unilever CEO Alan Jope will be under pressure at…
By Praveen Paramasivam – KFC-parent Yum Brands Inc reported quarterly comparable sales that beat estimates on Wednesday, driven by strong online demand for its tacos and fried chicken as well…
By Francesco Canepa FRANKFURT – As guardians of stability in prices and financial markets, the last word central bankers want to be associated with is “panic”. Yet that is precisely…
By Aditi Shah NEW DELHI – Hyundai Motor, Domino’s and other companies have found themselves in a diplomatic fracas after their Pakistani partners tweeted support for disputed Kashmir, irking Indians…
– Media company Discovery Inc’s plan to acquire venerable film and TV studio WarnerMedia has passed the U.S. Department of Justice’s antitrust review, clearing another hurdle toward closing, according to…
By Ann Saphir – Federal Reserve Governor Michelle Bowman said Wednesday said she is “trying to keep an open mind” about the usefulness of a U.S. central bank digital currency,…
FRANKFURT – The European Central Bank’s German policymakers openly discussed prospects for an interest rate hike on Wednesday, with new Bundesbank chief Joachim Nagel arguing that a move could come…
HONG KONG/SHANGHAI -China Evergrande Group needs to clear its debt by fully restoring construction and sales activities and not by selling off assets on the cheap, its chairman told an…
By Sergio Goncalves LISBON – Portugal’s government can return to a balanced budget between 2022 and 2023, if it wants, taking advantage of a robust economic recovery from the COVID-19…
FRANKFURT – Hopes for more clarity around a possible listing of Volkswagen’s luxury Porsche AG division lifted shares in Europe’s largest carmaker and its top shareholder on Wednesday, traders said.…
By Karl Plume and Arunima Kumar -Bunge Ltd reported a stronger-than-expected 17.1% jump in adjusted quarterly profit on Wednesday as large oilseed crops in North America and Europe and strong…
– Canada’s main stock index climbed on Wednesday, rising for a second straight day, as global stock markets rallied on upbeat earnings and easing geopolitical tensions. At 09:31 a.m. ET…
– Goldman Sachs said on Wednesday it was raising its forecast for the U.S. 10-year Treasury yield to 2.25% by end-2022 and to 2.45% by end-2023. Goldman’s previous forecast for…
WASHINGTON – The U.S. economy may be nearing a turn lower in inflation, Atlanta Fed President Raphael Bostic said on Wednesday, though he added he is still leaning towards a…
– CVS Health Corp said on Wednesday it expects to administer 70% to 80% fewer COVID-19 vaccines in 2022 compared with last year, adding that in-store diagnostic testing could fall…
By Jacob Gronholt-Pedersen COPENHAGEN – Two top European shippers warned on Wednesday freight costs were likely to remain high well into this year, offering no relief to customers including the…
By Karolina Tagaris and Renee Maltezou ATHENS – After years in which Greece was almost as well known for its financial woes as it was for its beaches, recent deals…
By Nerijus Adomaitis and Nora Buli OSLO – Norway’s Equinor will pay out $10 billion to shareholders this year after it reported record fourth-quarter pretax profits, joining European rivals in…
LONDON – Amazon’s food retail business in Britain faces increased regulation after the competition watchdog said rules setting out how grocers should treat their suppliers will now apply to the…
By Caroline Valetkevitch NEW YORK – The negative impact of currency fluctuations on North American companies’ third-quarter 2021 results fell from the quarter before and was at the lowest level…
By Satoshi Sugiyama and Tim Kelly TOKYO – Toyota Motor and Honda Motor were upbeat about their full-year profit prospects on Wednesday as tight vehicle supplies caused by a chip…
By David Shepardson WASHINGTON – Tesla Inc is recalling 26,681 vehicles in the United States because a software error may result in windshield defrosting problems, the National Highway Traffic Safety…
By Pushkala Aripaka and Ludwig Burger -Britain’s GSK forecast growth in 2022 after racking up 1.4 billion pounds ($1.9 billion) in COVID-related sales in 2021, beating quarterly forecasts in its…