Breaking Business news from across New Jersey.
By Toby Sterling AMSTERDAM -ING Groep NV reported higher-than-expected provisions in its fourth quarter earnings report on Thursday, as the largest Dutch bank braced for the impact of higher inflation…
TOKYO – Japan’s top steelmaker Nippon Steel Corp is seeking more merger and acquisition (M&A) opportunities to boost its global output capacity to 100 million tonnes, an executive said on…
HELSINKI – Nokia on Thursday restarted its quarterly dividend and initiated a share buyback programme after reporting fourth-quarter comparable operating earnings above markets estimates as the Finnish telecoms equipment maker…
By Anna Ringstrom STOCKHOLM – Gardening equipment maker Husqvarna posted record profits on Thursday as locked down consumers spent big on domestic projects, but it signalled that the supply bottlenecks…
A look at the day ahead in markets from Dhara Ranasinghe. If you were hoping for calm before Thursday’s Bank of England and European Central Bank meetings, forget it. U.S.…
By Andy Bruce LONDON – Facing pressure to curb surging inflation, the Bank of England looks set to raise interest rates again on Thursday and signal further unwinding of its…
ZURICH – Swisscom named Christoph Aeschlimann as new chief executive on Thursday to succeed Urs Schaeppi when he steps down on June 1 after nine years in the post, the…
STOCKHOLM – Sweden’s Skanska reported on Thursday a quarterly profit above market expectations, and said market activity in construction had picked up gradually during the year. Fourth-quarter operating profit at…
By Valentina Za, Elisa Anzolin and Elvira Pollina MILAN – For years Dionisio Archiutti had seen his father toy with the idea of bringing a new investor into the family…
– French vaccine developer Valneva targets increasing its revenues year-on-year by up to 70% thanks to a boost from its COVID-19 vaccine candidate, it said on Thursday. The company sees…
By Davide Barbuscia and David Randall NEW YORK – The U.S. Treasury yield curve has been flattening over the last few months as the Federal Reserve prepares to hike rates,…
– Publicis Groupe, the world’s third-biggest advertising agency, on Thursday forecast organic sales growth of 4% to 5% this year, after its 2021 earnings exceeded their pre-pandemic levels to reach…
By Saqib Iqbal Ahmed NEW YORK – The dollar’s choppy start to the year has not dissuaded some investors from betting the U.S. currency will soon resume its march higher,…
By Sam Nussey TOKYO – Shares in Sony Group Corp slid as much as 8.8% in early trade in Tokyo on Thursday after four consecutive days of gains as concerns…
San Francisco – The U.S. safety regulator said on Wednesday that it is reviewing consumer complaints that Tesla vehicles are activating the brakes unnecessarily, in the latest regulatory scrutiny of…
By Renju Jose SYDNEY – Iron ore magnate Andrew Forrest said on Thursday he is launching criminal proceedings against Meta Platform Inc’s Facebook in an Australian court, alleging that it…
BERLIN – Opel plans on hiring several hundred temporary workers to help deliver its new Astra model, a spokesperson told German paper Wirtschaftswoche on Thursday, in part to compensate for…
By Elizabeth Culliford and Nivedita Balu – Facebook owner Meta Platforms Inc’s shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming…
By Ann Saphir and Jonnelle Marte – U.S. President Joe Biden’s nominees to the Federal Reserve Board came out swinging against high inflation on Wednesday, saying rising prices pose a…
TOKYO – Japan’s services sector activity contracted at the fastest pace in five months in January in a sign businesses faced pressure from a record surge in new coronavirus infections…
By Erwin Seba HOUSTON – The United Steelworkers union (USW) will conduct meetings on Thursday to consider the next steps in talks for a new contract covering workers at U.S.…
By Huw Jones LONDON – The price of bond market data has risen by half over the past five years, which could prompt some users to quit the market and…
By Hari Kishan and Shrutee Sarkar BENGALURU – The U.S. dollar will reign supreme for at least another 3-6 months, a Reuters poll of strategists found, saying it will take…
By David Shepardson WASHINGTON -The White House and Environmental Protection Agency (EPA) on Wednesday urged the U.S. Postal Service (USPS) to reconsider its plan to buy a new multibillion-dollar fleet…
By David French – All three Wall Street benchmarks ended higher on Wednesday, rising for a fourth straight session after a turbulent start to the year, aided by upbeat earnings…