Breaking Business news from across New Jersey.
(Reuters) -Pakistan is committed to completing the International Monetary Fund programme while meeting external debt repayments on time, the country’s finance minister said on Tuesday during a meeting with the…
By Clara Denina and Helen Reid LONDON (Reuters) -London-listed Glencore cut 2023 production guidance across all the commodities it mines, missing consensus estimates and sending its shares sharply lower on…
WARSAW (Reuters) – Poland’s financial regulator KNF has adopted a new dividend policy for banks for 2023, allowing them to pay out a percentage of their net profit to shareholders…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit widened sharply in October as slowing global demand and a strong dollar pushed goods exports to a seven-month low, suggesting…
HOUSTON (Reuters) -The U.S. Energy Information Administration on Tuesday raised its forecast for this year’s crude output growth marginally, while petroleum demand is likely to rise less than previously expected.…
(Reuters) – JetBlue Airways Corp said on Tuesday it was committed to reducing emissions related to jet fuel by 50% per revenue tonne kilometer by 2035 from 2019 levels. The…
LONDON (Reuters) – Global public pension schemes and sovereign wealth funds managing more than $3 trillion in assets fear a combination of economic slowdown and higher inflation in the next…
By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) – European shares fell on Tuesday, dragged down by weakness in healthcare and rate-sensitive tech stocks, with investors concerned about a global…
BRUSSELS (Reuters) – Meta cannot run advertising based on personal data and will need users’ consent to do so, according to a confidential EU privacy watchdog decision, a person familiar…
NEW YORK (Reuters) -The Federal Reserve Board on Tuesday said it is terminating an enforcement action against Industrial Bank of Korea (IBK) over previous deficiencies in the bank’s risk management…
(This Nov. 29 story has been refiled to remove picture) (Reuters) – AMC Networks said its chief executive officer had stepped down, less than three months after taking over the…
(Adds Buzzfeed) (Reuters) – U.S. companies, from tech majors to consumer firms, are bracing for a potential economic downturn by shrinking their employee base to streamline operations. Job cuts announced…
(Reuters) -BuzzFeed Inc will cut about 12% of its workforce to rein in costs, the online media company said on Tuesday, as it joins a growing number of U.S. firms…
TIRANA (Reuters) – German Chancellor Olaf Scholz expressed confidence on Tuesday that the European Union and United States would resolve their differences on the U.S. Inflation Reduction Act, a $430…
CAIRO (Reuters) – The central bank of Kuwait raised its discount rate by 0.50% from 3% to 3.50% effective Dec. 7, a central bank statement said on Tuesday. The decision…
LISBON (Reuters) – Cabin staff at Portugal’s flag carrier TAP will go on strike on Thursday and Friday to demand higher wages after pay cuts under the airline’s recovery plan,…
PARIS (Reuters) – Michelin will cut fewer jobs in France than the 2,300 estimated in its initial voluntary redundancy plan in a bid to safeguard production. The French tyre maker…
By Helen Coster (Reuters) – Paramount Global expects its fourth-quarter advertising revenue to be lower than its third quarter advertising revenue, Chief Executive Officer Bob Bakish said at the UBS…
By Svea Herbst-Bayliss NEW YORK (Reuters) -For much of Wall Street, trading this year has been like riding a wild roller coaster. For thousands of employees of Citadel and Citadel…
GENEVA (Reuters) – The World Trade Organization said in a report on Tuesday that countries were introducing trade restrictions at an increased pace, particularly on food, feed and fertilisers. “Out…
By Ceyda Caglayan ISTANBUL (Reuters) – The Turkish lira’s sudden stability after a roller-coaster year, despite annual inflation near 85%, is hurting exporters’ competitiveness and some risk losing markets, a…
(Reuters) -Italian fashion group Prada confirmed on Tuesday that it would name former Luxottica chief Andrea Guerra as its new chief executive officer to ease a transition at the helm…
(Reuters) – Russia is considering setting a price floor for its international oil sales as a response to a cap imposed by G7 nations, Bloomberg News reported on Tuesday. Moscow…
TORONTO (Reuters) – Canadian economic activity expanded at a faster pace in November and a measure of price pressures cooled, Ivey Purchasing Managers Index (PMI) data showed on Tuesday. The…
MOSCOW (Reuters) – Russia’s January-November oil and gas condensate production rose 2.2% from a year earlier to 488 million tonnes, the Interfax news agency said on Tuesday, citing Deputy Prime…