Breaking Business news from across New Jersey.
(Reuters) – The Federal Reserve should pause its interest rate hikes once its policy rate is at a sufficiently restrictive level to bring inflation on a path back down toward…
By Vera Eckert FRANKFURT (Reuters) -Germany on Tuesday completed construction of its first floating terminal for liquefied natural gas (LNG) at the North Sea port of Wilhelmshaven as it scrambles…
MADRID (Reuters) – A group representing part of Spain’s truck drivers said on Tuesday it was suspending an indefinite strike a day after it started. The unofficial Platform for the…
NEW YORK (Reuters) – U.S. producer prices increased less than expected in October, further evidence that inflation was starting to subside. The producer price index for final demand rose 0.2%…
By Ann Saphir (Reuters) – Federal Reserve Governor Lisa Cook on Tuesday said the U.S. central bank is focused on addressing inflation that is “much too high”, and businesses and…
OTTAWA (Reuters) – Canadian home sales rose 1.3% in October from September, the first month-over-month gain since February, data from the Canadian Real Estate Association showed on Tuesday. The national…
HONG KONG (Reuters) -Chinese automaker BYD Co Ltd said on Tuesday it had scrapped plans to list its semiconductor unit in China, saying a move to increase investments in wafer…
By Andrea Shalal WASHINGTON (Reuters) – Leaders of the Group of 20 major economies will express concern about the “deteriorating debt situation” facing some vulnerable middle-income countries, and call on…
By Paul Sandle LONDON (Reuters) -Vodafone cut its full-year cashflow forecast and lowered earnings guidance on Tuesday, reflecting soaring energy costs and a deteriorating performance in Germany, Italy and Spain.…
PHILADELPHIA, PA – Walmart has agreed to settle a national lawsuit that alleges the company’s policy on opioid prescription drugs had part in the nation’s drug and overdose epidemic. According…
By Andrea Shalal WASHINGTON (Reuters) -World Bank and IMF officials are pressing Zambia’s creditors to accelerate negotiations on reducing the country’s official debt burden, but sources familiar with the process…
(Reuters) – Founder of bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried, is seeking commitments from investors to raise fresh cash, the Wall Street Journal reported on Tuesday, citing people familiar with…
LONDON (Reuters) – Swiss bank UBS has joined a growing band of investment houses forecasting that emerging markets will see a bumper bounce next year after their torrid 2022. UBS’…
FRANKFURT (Reuters) – Germany is acquiring liquefied natural gas (LNG) terminals as part of its efforts to diversify away from Russian gas. It leased four floating storage and regasification units…
Nov 15 (Reuters) – Canadian wholesale trade increased by 0.1% in September from August on the higher sales in the personal and household goods subsector, and in particular pharmaceutical products,…
Nov 15 (Reuters) – Canadian factory sales were unchanged in September from August as higher sales in aerospace products and primary metals balanced out lower sales in petroleum and coal…
BEIJING (Reuters) -Tesla has cut the delivery waiting time for all Model 3 and Model Y vehicles to a minimum of one week, it said on its website on Tuesday.…
NEW YORK (Reuters) – A barometer of manufacturing activity in New York state rebounded more than expected this month as shipments picked up and factory employment continued to grow steadily,…
BEIJING/MADRID (Reuters) -Chinese President Xi Jinping and Spanish Prime Minister Pedro Sanchez called for companies from their respective countries to be treated fairly in each other’s markets during a bilateral…
NEW DELHI (Reuters) -WhatsApp’s India head Abhijit Bose and Meta Platforms Inc’s public policy director in India Rajiv Aggarwal have resigned, a Meta spokesperson said on Tuesday. The departures follow…
STOCKHOLM (Reuters) – A continued rise in underlying inflation is a worry, Swedish central bank Deputy Governor Martin Floden said on Tuesday. Underlying inflation was 7.9% in October compared to…
CAIRO (Reuters) – The IMF said on Tuesday it had reached a staff-level agreement with Jordan on a fifth review under an extended fund facility. Completing the review will bring…
(Reuters) – South Africa’s struggling state power utility Eskom warned on Tuesday that planned maintenance could cause power outages lasting up to a year. The utility relies on a fleet…
(Reuters) -Saudi Arabia recorded second-quarter foreign direct investment (FDI) flows down 85% year on year, an investment ministry report showed on Tuesday. The FDI inflows were at 7.9 billion riyals…
By Paul Lienert (Reuters) – Panasonic Corp will buy remanufactured battery cathode material from Redwood Materials, beginning in 2025, for the Japanese battery maker’s new Kansas plant, the companies said…