Breaking Business news from across New Jersey.
(This June 28 story has been corrected to add that Archer received certification to conduct flight testing of its demonstrator aircraft in paragraph 7) (Reuters) – Joby Aviation said on…
DUBLIN (Reuters) – Euro zone inflation is proving “stickier”, meaning the decision on when to stop raising interest rates is not straightforward, European Central Bank governing council member Gabriel Makhlouf…
By Alexander Marrow (Reuters) -The Russian rouble tumbled past 89 against the dollar for the first time in more than 15 months on Friday, weighed down by domestic political risk…
MADRID (Reuters) -U.S. buyout firm Apollo made a cash bid for Applus Services on Friday which values the Spanish industrial testing company at 1.23 billion euros ($1.33 billion). Apollo said…
(Reuters) – U.S. equity funds attracted inflows during the week ending June 28, buoyed by positive growth expectations as robust economic indicators eased concerns about higher borrowing costs. Investors purchased…
KYIV (Reuters) -Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. The funds will be provided with guarantees…
By Diana Mandia (Reuters) -French catering and food services group Sodexo on Friday raised the full-year outlook of its voucher business for the second time this year as it benefits…
BEIJING (Reuters) – China’s central bank said on Friday it will increase its relending and rediscount quotas by 200 billion yuan ($27.53 billion) to support the farm sector and small…
(Reuters) – Global investors turned net buyers of equity funds in the week to June 28 as solid economic readings fuelled hopes of U.S. growth, while China’s policy measures to…
LONDON (Reuters) – Japanese equity funds have had $7.9 billion of inflows in the past four weeks, the most in a four-week period since April 2020, a report from Bank…
(Reuters) – Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest…
HAMBURG (Reuters) – Ford has found what it described as a major international investor for the U.S. carmaker’s German plant in Saarlouis and has signed initial agreements together with the…
By David Milliken and Andy Bruce LONDON (Reuters) -Britain’s economy made a lacklustre start to 2023 as inflation ate into households’ disposable income, official figures showed on Friday, and economists…
A look at the day ahead in U.S. and global markets from Mike Dolan The glass appears half full at half time. The U.S. economy and markets look to be…
By Hyunjoo Jin and Akash Sriram SAN FRANCISCO (Reuters) – Tesla is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to…
(Reuters) – A severe storm that hit a Mercedes-Benz plant in the central German city of Kassel last week is estimated to have caused damage in the mid-double-digit-million euro range,…
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy continued to recover in May as tourism gathered momentum and private and public spending increased while exports remained weak,…
KARACHI, Pakistan (Reuters) – The International Monetary Fund and Pakistan have struck a staff-level agreement for the provision on $3 billion in bailout funds under a stand-by arrangement (SBA). The…
PARIS (Reuters) – MG Motor, owned by Chinese company SAIC Motor, on Friday announced a new leasing offer whereby drivers in France can get for 99 euros ($107.6) a month…
SHANGHAI/BEIJING (Reuters) – China’s central bank has surveyed some foreign banks in the past week about the interest rates they offer to their clients for dollar deposits, people familiar with…
By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON/NEW YORK/HONG KONG (Reuters) -For hedge funds, the second half of 2023 is all about pouncing on the ways in which inflation,…
By Ariba Shahid (Reuters) -The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long awaited by…
By Kirsty Needham SYDNEY (Reuters) – Australian and European Union trade ministers spoke on Thursday evening, a source familiar with the matter told Reuters, as optimism builds that sticking points…
By Marc Jones LONDON (Reuters) – The first six months of 2023 have been eventful for financial markets – from an artificial intelligence (AI) inspired tech stock surge, commodity market…
By Joe Cash BEIJING (Reuters) -China’s factory activity declined for a third straight month in June and weakness in other sectors deepened, official surveys showed on Friday, adding pressure for…