Breaking Business news from across New Jersey.
By Kiyoshi Takenaka TOKYO (Reuters) -Japan’s SoftBank Group Corp reported its first quarterly profit in three quarters, buoyed by paring some of its stake in China’s Alibaba even as its…
ROME (Reuters) – ITA Airways will next year refresh its fleet with 39 new aircraft, allowing it to serve more long-distance destinations, the state-owned successor to Alitalia said on Friday.…
By William Schomberg and David Milliken LONDON (Reuters) -Britain’s economy shrank in the three months to September at the start of what is likely to be a lengthy recession, underscoring…
By Jesús Aguado MADRID (Reuters) -Spanish banks need to preserve capital and keep a lid on mortgage loan costs to cope with a potential deterioration of the economic outlook, the…
NEW DELHI (Reuters) – India’s annual industrial output rose 3.1% year-on-year in September, government data showed on Friday. Analysts polled by Reuters had expected a rise of 2% in September.…
(Reuters) – U.S. equity funds saw money outflows for the first time in four weeks in the week to Nov. 9 as investors braced for the midterm elections and the…
BEIJING (Reuters) – China’s banking institutions could apply to a court to be declared bankrupt under rule amendments proposed by China’s banking and insurance regulator on Friday. The watchdog’s various…
MEXICO CITY, Nov 11 (Reuters) – Mexican industrial output fell 0.2 percent in September from August and was 3.9 percent higher year-over-year, the national statistics agency said on Friday. ((Mexico…
LONDON (Reuters) – The Bank of England will probably need to raise interest rates to 4.75% in order to bring inflation back to its 2% target, something only likely to…
BENGALURU – Pfizer Ltd, the Indian arm of U.S. pharma giant Pfizer Inc, reported a rise in second-quarter profit on Friday, boosted by price hikes and lower input costs. Profit…
By Muyu Xu SINGAPORE (Reuters) – Several Chinese refiners have asked Saudi Aramco to reduce December-loading crude oil volumes, two sources close to the matter said, as COVID-19 restrictions and…
By Gabriela Baczynska BRUSSELS (Reuters) – Hungary made a “significant step” towards securing billions in economic stimulus funds by accepting European Union demands on the independence of the judiciary, an…
By Steve Scherer and Julie Gordon OTTAWA (Reuters) – Some Canadian employers say they plan to hold onto their workers even if the economy slips into a recession rather than…
LISBON (Reuters) – Portuguese consumer prices rose 10.1% year-on-year in October, their fastest pace since May 1992, final official data showed on Friday, in a slight downward revision of an…
MILAN (Reuters) -An appeals court in Milan on Friday rejected Nigeria’s $1.092 billion compensation request against Italian energy group Eni and Shell in civil proceedings relating to a $1.3 billion…
SHANGHAI (Reuters) – China’s securities regulator on Friday it will support bond issuance by central state-owned enterprises (SOEs) to fund tech innovation. The China Securities Regulatory Commission said in a…
VIENNA (Reuters) – European Central Bank policymaker Robert Holzmann said on Friday he does not yet know how he will vote at the ECB’s rate-setting meeting in December and the…
(Reuters) -Justin Sun, founder of the crypto token Tron, said he was prepared to provide distressed cryptocurrency exchange FTX with billions in aid, according to a tweet by a Bloomberg…
By Valentina Za MILAN (Reuters) – State-owned Italian bank Monte dei Paschi di Siena (MPS) said on Friday it had booked 925 million euros ($950 million) in charges relating to…
By Tom Hals WILMINGTON, Del (Reuters) – Elon Musk has taken on Detroit’s automakers, short-sellers and securities regulators. Next week, the Tesla chief executive is set to square off in…
A look at the day ahead in U.S. and global markets from Mike Dolan. As scrambling relief rallies go, that was a whopper. Now the hard thinking sets it. The…
(Reuters) – Global equity funds registered net outflows for the first time in three weeks in the week to Nov. 9, undermined by caution ahead of the U.S. midterm election…
BANGKOK (Reuters) – The strengthening of Thailand’s baht was in line with regional currencies, the central bank said in a statement on Friday. The currency strengthened due to a weakening…
BEIJING/HONG KONG (Reuters) – The China Investment Corp (CIC) sovereign wealth fund booked a 14.27% net return on overseas investment in 2021 in U.S. dollar terms, it said on Friday.…
FRANKFURT (Reuters) – The Mercedes-Benz works council expects the German car manufacturer to dole out a record-high bonus to its employees while anticipating bumper profits for the financial year, the…