Breaking Business news from across New Jersey.
By Katanga Johnson WASHINGTON – The U.S. Securities and Exchange Commission (SEC) on Wednesday voted to propose heightened regulations meant to scrutinize how private fund advisers charge fees to investors …
By John McCrank NEW YORK – CME Group Inc on Wednesday reported a fourth-quarter profit that topped Wall Street expectations, helped by increased usage of the futures exchange operator’s interest …
By Richa Naidu and Ross Kerber LONDON/BOSTON – Criticised by a major investor for focusing on sustainability more than financial performance, Unilever CEO Alan Jope will be under pressure at …
By Praveen Paramasivam – KFC-parent Yum Brands Inc reported quarterly comparable sales that beat estimates on Wednesday, driven by strong online demand for its tacos and fried chicken as well …
By Francesco Canepa FRANKFURT – As guardians of stability in prices and financial markets, the last word central bankers want to be associated with is “panic”. Yet that is precisely …
By Aditi Shah NEW DELHI – Hyundai Motor, Domino’s and other companies have found themselves in a diplomatic fracas after their Pakistani partners tweeted support for disputed Kashmir, irking Indians …
– Media company Discovery Inc’s plan to acquire venerable film and TV studio WarnerMedia has passed the U.S. Department of Justice’s antitrust review, clearing another hurdle toward closing, according to …
By Ann Saphir – Federal Reserve Governor Michelle Bowman said Wednesday said she is “trying to keep an open mind” about the usefulness of a U.S. central bank digital currency, …
FRANKFURT – The European Central Bank’s German policymakers openly discussed prospects for an interest rate hike on Wednesday, with new Bundesbank chief Joachim Nagel arguing that a move could come …
HONG KONG/SHANGHAI -China Evergrande Group needs to clear its debt by fully restoring construction and sales activities and not by selling off assets on the cheap, its chairman told an …
By Sergio Goncalves LISBON – Portugal’s government can return to a balanced budget between 2022 and 2023, if it wants, taking advantage of a robust economic recovery from the COVID-19 …
FRANKFURT – Hopes for more clarity around a possible listing of Volkswagen’s luxury Porsche AG division lifted shares in Europe’s largest carmaker and its top shareholder on Wednesday, traders said. …
By Karl Plume and Arunima Kumar -Bunge Ltd reported a stronger-than-expected 17.1% jump in adjusted quarterly profit on Wednesday as large oilseed crops in North America and Europe and strong …
– Canada’s main stock index climbed on Wednesday, rising for a second straight day, as global stock markets rallied on upbeat earnings and easing geopolitical tensions. At 09:31 a.m. ET …
– Goldman Sachs said on Wednesday it was raising its forecast for the U.S. 10-year Treasury yield to 2.25% by end-2022 and to 2.45% by end-2023. Goldman’s previous forecast for …
WASHINGTON – The U.S. economy may be nearing a turn lower in inflation, Atlanta Fed President Raphael Bostic said on Wednesday, though he added he is still leaning towards a …
– CVS Health Corp said on Wednesday it expects to administer 70% to 80% fewer COVID-19 vaccines in 2022 compared with last year, adding that in-store diagnostic testing could fall …
By Jacob Gronholt-Pedersen COPENHAGEN – Two top European shippers warned on Wednesday freight costs were likely to remain high well into this year, offering no relief to customers including the …
By Karolina Tagaris and Renee Maltezou ATHENS – After years in which Greece was almost as well known for its financial woes as it was for its beaches, recent deals …
By Nerijus Adomaitis and Nora Buli OSLO – Norway’s Equinor will pay out $10 billion to shareholders this year after it reported record fourth-quarter pretax profits, joining European rivals in …
LONDON – Amazon’s food retail business in Britain faces increased regulation after the competition watchdog said rules setting out how grocers should treat their suppliers will now apply to the …
By Caroline Valetkevitch NEW YORK – The negative impact of currency fluctuations on North American companies’ third-quarter 2021 results fell from the quarter before and was at the lowest level …
By Satoshi Sugiyama and Tim Kelly TOKYO – Toyota Motor and Honda Motor were upbeat about their full-year profit prospects on Wednesday as tight vehicle supplies caused by a chip …
By David Shepardson WASHINGTON – Tesla Inc is recalling 26,681 vehicles in the United States because a software error may result in windshield defrosting problems, the National Highway Traffic Safety …
By Pushkala Aripaka and Ludwig Burger -Britain’s GSK forecast growth in 2022 after racking up 1.4 billion pounds ($1.9 billion) in COVID-related sales in 2021, beating quarterly forecasts in its …