Breaking Business news from across New Jersey.
SHANGHAI/HONG KONG (Reuters) – Chinese investors are rushing offshore to make dollar deposits and buy Hong Kong insurance in a signal domestic confidence is languishing and that the ailing yuan…
BRUSSELS (Reuters) – Retail sales in the euro zone were unchanged in May, Eurostat said on Thursday, as increased spending on non-food items offset declines for food and automotive fuel.…
By Maiya Keidan TORONTO (Reuters) – Canadian mergers and acquisitions (M&A) volumes picked up in the second quarter driven primarily by some large proposed transactions, but dealmakers are cautious on…
TORONTO (Reuters) – Greater Toronto Area (GTA) home prices fell in June, the first drop in five months, as the Bank of Canada’s move to restart its interest rate hiking…
By Joyce Lee SEOUL (Reuters) -Samsung Electronics’ June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut…
By Victoria Klesty OSLO (Reuters) -Norwegian Air has agreed to buy domestic peer Wideroe for 1.13 billion crowns ($106 million) as the reborn airline looks to strengthen its position in…
By A. Ananthalakshmi and Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s central bank kept benchmark interest rates unchanged on Thursday, as expected, amid signs of moderating growth and easing inflation, with…
By Hadeel Al Sayegh DUBAI (Reuters) – U.S.-based Verition Fund Management is opening an office in Dubai, joining a raft of other hedge funds including BlueCrest which have expanded to…
By John O’Donnell and Alexandra Schwarz-Goerlich VIENNA (Reuters) – Raiffeisen Bank International is delaying plans to leave Russia, three people familiar with its position said, as Austria steps up its…
By Maria Martinez BERLIN (Reuters) -German industrial orders rose significantly more than expected in May due to large-scale orders of ships, spacecraft and military vehicles, but analysts said that beyond…
By Lewis Jackson SYDNEY (Reuters) – Two lawmakers on Thursday called on PwC Australia to name all the companies it sought to advise on the basis of leaked government tax…
By Jason Hovet and Alan Charlish WARSAW/PRAGUE (Reuters) – Central European currencies are expected to weaken over the next 12 months with the Polish zloty taking the biggest hit, a…
STOCKHOLM (Reuters) – Estonian ride-hailing and food delivery startup Bolt named Mikko Salovaara as its chief financial officer ahead of the company’s preparation for an initial public offering. The company,…
By Tim Hepher PARIS (Reuters) – Airbus deliveries increased by 6% in the first half of the year to reach 316 aircraft, industry sources said on Thursday. The European planemaker…
(Reuters) – Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected…
By Tommy Wilkes and Patturaja Murugaboopathy LONDON (Reuters) – Equity funds with an environmental, social and governance (ESG) tilt suffered a large loss of investors in the three months to…
By Vuyani Ndaba JOHANNESBURG (Reuters) – Emerging market currencies will hold on to gains into next year provided their respective central banks hold or only moderately prune already-high interest rates…
A look at the day ahead in European and global markets from Kevin Buckland U.S. policymakers are stealing the spotlight in the markets today, after the Fed cemented its hawkish…
By Carolina Mandl NEW YORK (Reuters) -European hedge funds have rapidly cut their exposure to U.S. banks since the beginning of the year, while roughly keeping their positioning in European…
By Rishav Chatterjee (Reuters) -Shares of Bubs Australia pared most of their early losses on Thursday after opening about 9% lower, as the embattled baby formula maker launched a five-point…
By Rajesh Kumar Singh, David Shepardson and Diane Bartz CHICAGO (Reuters) -JetBlue Airways, seeking to protect a planned $3.8 billion purchase of Spirit Airlines, said on Wednesday it would follow…
By Tyler Clifford and Sharon Bernstein (Reuters) – The Biden administration on Wednesday appealed a federal judge’s ruling restricting some agencies and officials from meeting and communicating with social media…
(Reuters) – Openmarkets Australia Ltd was fined a record A$4.5 million ($2.99 million) after a panel found the retail broker in violation of numerous market integrity rules, the country’s corporate…
(Reuters) -Commodity Futures Trading Commission (CFTC) investigators have concluded that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke U.S. rules before the firm’s implosion, Bloomberg News reported…
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will likely deliver a 25 basis point interest rate increase on Aug. 1 following a pause on Tuesday according to economists…