Breaking Business news from across New Jersey.
By Jorgelina do Rosario LONDON (Reuters) – The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9…
By Uday Sampath Kumar (Reuters) -Hershey Co forecast full-year net sales and profit above analysts’ estimates on Thursday, after beating holiday-quarter expectations on steady demand for the company’s candy and…
WASHINGTON (Reuters) – U.S. worker productivity increased faster than expected in the fourth quarter, resulting in a moderation in labor costs growth. Nonfarm productivity, which measures hourly output per worker,…
By Jesús Aguado MADRID (Reuters) – A solid rise in revenues and lending income allowed Spain’s Santander to post an 18% jump in profit to a record 9.6 billion euros…
By Felix Onuah and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s finance minister said on Thursday she disagreed with what she called a “surprise” downgrade of the country’s credit rating by…
By Christian Kraemer and Victoria Waldersee BERLIN (Reuters) – Germany’s Economy Minister Robert Habeck and French Finance Minister Bruno Le Maire will head to Washington next week to press concerns…
FRANKFURT (Reuters) – The European Central Bank raised interest rates for the fifth successive time on Thursday and signalled another half a percentage point increase for March, pressing ahead with…
By Samrhitha A (Reuters) – Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to…
LONDON (Reuters) – The Bank of England raised interest rates for the 10th time in a row on Thursday, but dropped a pledge to keep increasing them “forcefully” if needed…
By Riddhima Talwani, Kripa Jayaram and Sumanta Sen NEW DELHI (Reuters) – India’s government on Wednesday unveiled a $550 billion budget for the next fiscal year that starts on April…
(Reuters) -Dassault Systemes shares jumped on Thursday as the French software maker forecast revenue growth of between 8% and 9% in constant currency for 2023 after reporting a resilient fourth…
By Victoria Klesty OSLO (Reuters) – Telenor’s fourth-quarter earnings slightly beat expectations on Thursday as the Norwegian telecoms operator forecast continued growth in 2023 in service revenue and core profit…
(Corrects second paragraph to say Volvo Cars is 82%-owned by Geely, not wholly owned) By Norihiko Shirouzu (Reuters) – Volvo Cars is gearing up for an electric blitz to convert…
By Olivier Sorgho (Reuters) – Publicis Groupe, the world’s third-largest advertising company, expects organic net revenue growth of 3-5% this year, it said on Thursday after client spending on digital…
DUBLIN (Reuters) – Ryanair flew 11.8 million passengers in January, the largest ever for the month, as it continues to rapidly grow beyond pre-COVID capacity, company data showed on Thursday.…
A look at the day ahead in U.S. and global markets from Mike Dolan. It looks less like fighting the Fed, than a mild disagreement. As the Federal Reserve slowed…
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla Inc suppliers are bracing for pressure from Chief Executive Elon Musk and his team to cut their prices further after the electric car…
PRAGUE (Reuters) – Volkswagen’s Skoda Auto will cut production further next week as it struggles with component shortages, trade unions at the Czech carmaker said on Thursday. Shifts will be…
By Kiyoshi Takenaka TOKYO (Reuters) -Sony Group Corp has nudged up its annual profit forecast, helped by a strong showing for its videogame division, and raised its PlayStation 5 game…
By William Schomberg LONDON (Reuters) – The Bank of England is poised to raise interest rates for the 10th time in a row on Thursday to keep up its fight…
By Ann Saphir and Lindsay Dunsmuir (Reuters) – Federal Reserve Chair Jerome Powell had a clear message on Wednesday: as “gratifying” as it is that inflation has begun to slow,…
BERLIN (Reuters) – Siemens Healthineers confirmed its full-year outlook on Thursday despite a drop in quarterly profit driven by low demand in China, as it saw strong order growth in…
By Daniel Leussink TOKYO (Reuters) -Japan’s Panasonic Holdings Corp cut its annual operating profit forecast by 12.5% on Thursday after lower-than-expected third-quarter earnings, hit by headwinds from a slowing global…
BERLIN (Reuters) – German Economy Minister Robert Habeck expressed optimism on Thursday that a trade dispute with the United States over subsidies can be avoided. “I think we have a…
By Maria Martinez BERLIN (Reuters) -German exports fell more than expected in December amid high inflation and market uncertainty, suggesting a slowing down in Europe’s largest economy despite fading supply…