Breaking Business news from across New Jersey.
By Scott DiSavino (Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row as relatively high oil prices encourage firms …
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Business News
Exclusive-U.S. blocks more than 1,000 solar shipments over Chinese slave labor concerns
by Reutersby ReutersBy Nichola Groom (Reuters) -More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at U.S. ports since June under a new law …
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Business News
Brazil cenbank chief says fiscal prudence central to inflation aims
by Reutersby ReutersBRASILIA (Reuters) -Brazil’s central bank chief Roberto Campos Neto emphatically defended the need for fiscal balance on Friday, following statements by leftist President-elect Luiz Inacio Lula da Silva that soured …
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By Shreyashi Sanyal and Ankika Biswas (Reuters) -European shares notched their best weekly performance in nearly eight months on Friday, largely driven by bets of smaller rate hikes by the …
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Business News
ECB not pre-committed to raise rates by 75 bps again, De Cos says
by Reutersby ReutersMADRID (Reuters) – The European Central Bank has not pre-committed to make another 75 basis-point increase at its next policy meeting, policymaker Pablo Hernandez de Cos said on Friday. “The …
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By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s inflation rate is expected to have picked up pace slightly in October, analysts polled by Reuters said, with spiraling prices that are …
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By James Davey and Rachel More LONDON/BERLIN (Reuters) -European retailers fear this Christmas could be the worst in at least a decade as shoppers cut spending while the costs of …
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Business News
BoE should stand firm on inflation despite economic slowdown-Haskel
by Reutersby ReutersLONDON (Reuters) -Bank of England interest rate-setter Jonathan Haskel said signs of a slowdown in Britain’s economy did not imply a need for less tightening of monetary policy and the …
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WASHINGTON (Reuters) -U.S. consumer sentiment slumped in November amid persistent worries about inflation and higher interest rates, according to a survey on Friday, which also hinted at a sharp slowdown …
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By John Revill and Mimosa Spencer ZURICH (Reuters) -Luxury goods group Richemont’s shares soared as much as 21% in early trading on Friday after the owner of Cartier posted strong …
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(Reuters) – FTX was commencing bankruptcy proceedings in the United States and its Chief Executive Officer Sam Bankman-Fried has resigned, the crypto exchange said on Friday, in a spectacular collapse …
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LONDON (Reuters) – Reinsurance hedge fund Tangency Capital has raised $200 million from investors, bringing its total assets under management to “north of $600 million,” one of its co-founders told …
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By Amanda Cooper and Samuel Indyk LONDON (Reuters) -The euro zone government bond market on Friday delivered the clearest sign yet that Germany, the region’s largest economy, could be on …
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JOHANNESBURG (Reuters) – French telecoms group Orange launched a new 5G network in Botswana on Friday in a first step towards rolling out the high-speed data offering to other markets …
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Business News
Ghana creditors close to formalizing a group for debt talks -sources
by Reutersby ReutersBy Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – Some holders of Ghana’s international bonds are close to formalizing a creditor group, two sources with direct knowledge of the …
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Business News
Thomson Reuters to buy tax software provider SurePrep for $500 million
by Reutersby Reuters(Reuters) -Thomson Reuters Corp said on Friday it would buy SurePrep LLC, a U.S.-based provider of tax automation software and services, for $500 million in cash. The information company has …
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By Marie Mannes (Reuters) – Polestar on Friday reported a smaller third-quarter operating loss as revenue more than doubled and the company cut spending, sending shares soaring 25% in early …
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(Reuters) – Shares of cryptocurrency and blockchain-related firms dropped on Friday after FTX, one of the biggest crypto exchanges, said it would initiate bankruptcy proceedings in the United States, triggering …
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Business News
Analysis-Money before climate; market downturn spurs ESG fund exodus
by Reutersby ReutersBy Isla Binnie and Ross Kerber NEW YORK/BOSTON (Reuters) – Funds adhering to environmental, social, and corporate governance (ESG) principles have been hit by unprecedented outflows in the market downturn, …
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Business News
Mexico president would like to see central bank balance inflation, growth
by Reutersby ReutersMEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador on Friday said he would like to see the Bank of Mexico balance fighting inflation while taking care of economic growth. …
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Business News
Japan’s Seven & i to sell Sogo & Seibu unit to U.S. fund Fortress
by Reutersby ReutersTOKYO (Reuters) -Japan’s Seven & i Holdings Co Ltd said on Friday it will sell its Sogo & Seibu department store unit to U.S. fund Fortress Investment Group. Seven & …
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By Gabriela Baczynska and John Chalmers BRUSSELS (Reuters) – Belgium, Greece, Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate an acute …
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Business News
Scaramucci’s SkyBridge Capital looking to buy back stake from FTX – CNBC
by Reutersby ReutersBy Carolina Mandl (Reuters) -SkyBridge Capital is working to buy back its stake from embattled crypto exchange FTX, the alternative investment firm’s founder Anthony Scaramucci said in an interview with …
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Business News
Exclusive-U.S. Treasury’s Yellen to meet with China central bank chief at G20 summit in Bali
by Reutersby ReutersBy David Lawder NEW DELHI (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she plans to meet with China’s central bank governor Yi Gang on the …
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By Mimosa Spencer PARIS (Reuters) – Retailers in Europe are having to strike a delicate balancing act with this year’s Christmas displays: how to create enough festive sparkle to loosen …