Breaking Business news from across New Jersey.
By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN – Danske Bank said on Tuesday it will recommend veteran German banker Martin Blessing as its new chairman, tasked with increasing profitability and…
KUALA LUMPUR -Supermax Corp Bhd, a Malaysian medical glove maker accused of using forced labour at its factories, said on Tuesday it had so far paid some $6 million to…
STOCKHOLM -Volvo Cars will invest 10 billion crowns ($1.1 billion) in its manufacturing plant in Gothenburg in the next few years to prepare for production of fully electric cars, it…
AMSTERDAM – Meal-delivery firm Just Eat Takeaway on Tuesday said it would delist its shares from the Nasdaq stock exchange in a bid to limit costs and regulatory burdens. Shares…
By Aditi Shah NEW DELHI – India’s Maharashtra state will offer companies like Amazon.com Inc and Uber new incentives to electrify their delivery fleets ahead of a 2025 target for…
LONDON – Marks & Spencer has maintained its position as Britain’s fastest growing food retailer, market researcher NielsenIQ said on Tuesday, indicating its turnaround plan is gaining momentum. It said…
A look at the day ahead in markets from Sujata Rao. “Gradual”, “data-dependent” – those were the words ECB President Christine Lagarde used to soften the hawkishness of her message…
MADRID – French telecom operator Orange is exploring merging its Spanish unit, the country’s second largest, with local rival MasMovil, Expansion newspaper reported on Tuesday, citing unidentified market sources. The…
By Mimosa Spencer PARIS – The world’s largest cosmetic group L’Oreal is expected to report brisk fourth-quarter sales on Wednesday after pandemic-weary consumers emerged from lockdowns to splash out on…
By Tim Kelly and Maki Shiraki TOKYO – South Korea’s Hyundai Motor Co said on Tuesday it is returning to Japan 12 years after leaving because of poor sales, as…
By Nick Carey LONDON – Governments and utilities need ambitious plans to cut red tape to install vehicle chargers if Europe is to be ready for 130 million electric vehicles…
By Davide Barbuscia NEW YORK – Investors are preparing for more downside in U.S. credit markets, as bets that the Federal Reserve will become more aggressive than previously expected threaten…
By Eric Onstad LONDON -An EU-funded certification scheme using blockchain is being developed for rare earths as automakers demand proof that materials used to make magnets for electric vehicles (EVs)…
DUBAI – Dubai-listed investment bank SHUAA Capital said on Tuesday it has filed a registration statement with the U.S. Securities and Exchange Commission for the launch of a $100 million…
By Leika Kihara TOKYO – As Japan’s long-term interest rates rise, investors are wondering at what point the central bank will step in to defend its 0% target for the…
By David Lawder – The United States and Japan on Monday announced a deal to remove Trump-era tariffs from about 1.25 million metric tons of Japanese steel imports annually after…
By Sam Nussey TOKYO – The collapse of SoftBank Group Corp’s deal to sell chip designer Arm to Nvidia marks a major setback to the Japanese conglomerate’s efforts to generate…
By Heekyong Yang and Joyce Lee SEOUL – Battery maker LG Energy Solution Ltd (LGES) said on Tuesday it aims to boost sales by about 8% in 2022, forecasting a…
– Tesla Inc decided to remove one of the two electronic control units included in the steering racks of some made-in-China Model 3 and Model Y cars to meet fourth-quarter…
BEIJING – WuXi Biologics said in a statement on Tuesday on WeChat that two of its subsidiaries being put on the U.S. Commerce Department’s “unverified list” will have no impact…
By Harish Sridharan and Byron Kaye -Australia’s Macquarie Group Ltd said it booked record quarterly net profit thanks to strong commodity markets and “exceptional” asset sales in infrastructure and other…
By Shaloo Shrivastava BENGALURU – Indonesia’s central bank will raise rates faster than thought just a month ago as concerns mount about a weaker rupiah as the Federal Reserve gears…
By Bansari Mayur Kamdar and Noel Randewich – Wall Street ended lower on Monday, as investors digested recent quarterly results from Facebook owner Meta Platforms and other megacaps, while Peloton…
By Eva Mathews and Dawn Chmielewski – Facebook-parent Meta Platforms Inc said on Monday that billionaire investor Peter Thiel, an early investor who has been on the company’s board since…
By Rajesh Kumar Singh and Aishwarya Nair CHICAGO -Budget carriers Frontier Group Holdings and Spirit Airlines Inc on Monday unveiled plans to create the fifth-largest U.S. airline in a $2.9…