Breaking Business news from across New Jersey.
By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN – Danske Bank said on Tuesday it will recommend veteran German banker Martin Blessing as its new chairman, tasked with increasing profitability and …
KUALA LUMPUR -Supermax Corp Bhd, a Malaysian medical glove maker accused of using forced labour at its factories, said on Tuesday it had so far paid some $6 million to …
STOCKHOLM -Volvo Cars will invest 10 billion crowns ($1.1 billion) in its manufacturing plant in Gothenburg in the next few years to prepare for production of fully electric cars, it …
AMSTERDAM – Meal-delivery firm Just Eat Takeaway on Tuesday said it would delist its shares from the Nasdaq stock exchange in a bid to limit costs and regulatory burdens. Shares …
By Aditi Shah NEW DELHI – India’s Maharashtra state will offer companies like Amazon.com Inc and Uber new incentives to electrify their delivery fleets ahead of a 2025 target for …
LONDON – Marks & Spencer has maintained its position as Britain’s fastest growing food retailer, market researcher NielsenIQ said on Tuesday, indicating its turnaround plan is gaining momentum. It said …
A look at the day ahead in markets from Sujata Rao. “Gradual”, “data-dependent” – those were the words ECB President Christine Lagarde used to soften the hawkishness of her message …
MADRID – French telecom operator Orange is exploring merging its Spanish unit, the country’s second largest, with local rival MasMovil, Expansion newspaper reported on Tuesday, citing unidentified market sources. The …
By Mimosa Spencer PARIS – The world’s largest cosmetic group L’Oreal is expected to report brisk fourth-quarter sales on Wednesday after pandemic-weary consumers emerged from lockdowns to splash out on …
By Tim Kelly and Maki Shiraki TOKYO – South Korea’s Hyundai Motor Co said on Tuesday it is returning to Japan 12 years after leaving because of poor sales, as …
By Nick Carey LONDON – Governments and utilities need ambitious plans to cut red tape to install vehicle chargers if Europe is to be ready for 130 million electric vehicles …
By Davide Barbuscia NEW YORK – Investors are preparing for more downside in U.S. credit markets, as bets that the Federal Reserve will become more aggressive than previously expected threaten …
By Eric Onstad LONDON -An EU-funded certification scheme using blockchain is being developed for rare earths as automakers demand proof that materials used to make magnets for electric vehicles (EVs) …
DUBAI – Dubai-listed investment bank SHUAA Capital said on Tuesday it has filed a registration statement with the U.S. Securities and Exchange Commission for the launch of a $100 million …
By Leika Kihara TOKYO – As Japan’s long-term interest rates rise, investors are wondering at what point the central bank will step in to defend its 0% target for the …
By David Lawder – The United States and Japan on Monday announced a deal to remove Trump-era tariffs from about 1.25 million metric tons of Japanese steel imports annually after …
By Sam Nussey TOKYO – The collapse of SoftBank Group Corp’s deal to sell chip designer Arm to Nvidia marks a major setback to the Japanese conglomerate’s efforts to generate …
By Heekyong Yang and Joyce Lee SEOUL – Battery maker LG Energy Solution Ltd (LGES) said on Tuesday it aims to boost sales by about 8% in 2022, forecasting a …
– Tesla Inc decided to remove one of the two electronic control units included in the steering racks of some made-in-China Model 3 and Model Y cars to meet fourth-quarter …
BEIJING – WuXi Biologics said in a statement on Tuesday on WeChat that two of its subsidiaries being put on the U.S. Commerce Department’s “unverified list” will have no impact …
By Harish Sridharan and Byron Kaye -Australia’s Macquarie Group Ltd said it booked record quarterly net profit thanks to strong commodity markets and “exceptional” asset sales in infrastructure and other …
By Shaloo Shrivastava BENGALURU – Indonesia’s central bank will raise rates faster than thought just a month ago as concerns mount about a weaker rupiah as the Federal Reserve gears …
By Bansari Mayur Kamdar and Noel Randewich – Wall Street ended lower on Monday, as investors digested recent quarterly results from Facebook owner Meta Platforms and other megacaps, while Peloton …
By Eva Mathews and Dawn Chmielewski – Facebook-parent Meta Platforms Inc said on Monday that billionaire investor Peter Thiel, an early investor who has been on the company’s board since …
By Rajesh Kumar Singh and Aishwarya Nair CHICAGO -Budget carriers Frontier Group Holdings and Spirit Airlines Inc on Monday unveiled plans to create the fifth-largest U.S. airline in a $2.9 …