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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Japan sees 1.9 million visitors in May, down from cherry blossom rush

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    TOKYO (Reuters) – Japan saw a slight decline in visitors in May from the previous month, when a rush of tourists came to see the nation’s famous cherry blossoms without …

  • Business News

    Australia’s Perpetual says ‘tech outage’ affected some funds in cyber incident

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    (Reuters) – Australian Perpetual on Wednesday confirmed an extended tech outage over an IT security incident, affecting some of its funds, though the fund manager reaffirmed that all its client …

  • Business News

    Vodafone hires Morgan Stanley to weigh options for its Spanish unit – Expansion

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    MADRID (Reuters) – Britain telecoms company Vodafone has hired investment bank Morgan Stanley to evaluate the options for its Spanish unit, Spanish newspaper Expansion reported on Wednesday citing unidentified market …

  • Business News

    Paris finance summit to push development banks to take on more risk -draft

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    By John Irish PARIS (Reuters) -Leaders meeting this week at a summit in Paris are set to back a push for multilateral development banks like the World Bank to put …

  • Business News

    BOJ’s Adachi sees only small chance of July policy tweak

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    By Leika Kihara KAGOSHIMA, Japan (Reuters) -Bank of Japan board member Seiji Adachi said the chance of tweaking the bank’s yield curve control policy at next month’s rate review was …

  • Business News

    GSK’s RSV vaccine shows long-term efficacy in late-stage trial

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    (Reuters) -GSK on Wednesday said its vaccine for the respiratory syncytial virus (RSV), which recently won EU approval, showed strong long-term protection in older adults in a late-stage trial. The …

  • Business News

    UK net debt passes 100% of GDP for first time since 1961

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    LONDON (Reuters) – Britain’s public sector net debt surpassed 100% of gross domestic product in May as borrowing came in higher than expected, the Office for National Statistics said on …

  • Business News

    Shanghai regulators summon Starbucks, Shake Shack citing excessive personal data collection

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    BEIJING (Reuters) – Chinese regulators in financial hub Shanghai summoned three firms including Starbucks and Shake Shack earlier this week for collecting excessive personal information, the city’s cyberspace regulator said …

  • Business News

    Factbox – Graphite producers doing deals with automakers and battery groups

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    LONDON (Reuters) – Automakers are rushing to lock in graphite supply from outside dominant producer China as mined graphite demand for electric vehicle (EV) batteries outpaces other uses. Below are …

  • Business News

    Analysis-Auto firms race to secure non-Chinese graphite for EVs as shortages loom

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    By Eric Onstad LONDON (Reuters) – Automakers, including Tesla and Mercedes, are rushing to lock in graphite supply from outside dominant producer China, as demand for electric vehicle (EV) batteries …

  • Business News

    Transgrid to invest $11 billion to ready Australian state for 100% renewables

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    By Lewis Jackson SYDNEY (Reuters) -Australia’s most populous state will be ready for 100% renewable energy within a decade under a A$16.5 billion ($11.20 billion) infrastructure investment plan announced by …

  • Business News

    Marketmind: Nevermind the cricket, here’s inflation

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    A look at the day ahead in European and global markets from Tom Westbrook British inflation figures this morning could take traders’ minds off England’s cricket defeat, should they show …

  • Business News

    Disney’s diversity chief Latondra Newton leaves firm – source

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    By Kanjyik Ghosh and Lavanya Sushil Ahire (Reuters) -Disney’s chief diversity officer and senior vice president, Latondra Newton, is leaving her role after more than six years, a source familiar …

  • Business News

    How to get better returns on your cash now

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    By Chris Taylor NEW YORK (Reuters) – You might assume that with U.S. interest rates at new highs, Americans are getting terrific returns on savings. You assume wrong. In fact, …

  • Business News

    YouTube to launch its first official shopping channel in South Korea -Yonhap

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    SEOUL (Reuters) -YouTube will launch its first official shopping channel for live commerce in South Korea on June 30, Yonhap news agency reported on Wednesday. South Korea already has a …

  • Business News

    Ant Group confirms it is working on own AI large language model

    by Reuters June 21, 2023
    by Reuters June 21, 2023

    SHANGHAI (Reuters) – A technology research and development team at China’s Ant Group is developing its own large-language model (LLM), internally called Zhenyi, a spokesperson said on Wednesday, confirming reports …

  • Business News

    Rio Tinto reopens iron ore rail line in Western Australia after derailment

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    MELBOURNE (Reuters) – The world’s biggest iron ore miner Rio Tinto said on Wednesday that it had reopened a rail line at its Western Australian operations after a train carrying …

  • Business News

    Rivian to adopt Tesla’s charging standard in EVs and chargers

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Abhirup Roy SAN FRANCISCO (Reuters) -Electric vehicle maker Rivian said on Tuesday it will adopt Tesla’s charging standard, giving Rivian customers access to the biggest U.S. charging network and …

  • Business News

    Australia’s competition tribunal blocks Telstra-TPG Telecom network deal

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Harish Sridharan (Reuters) -The Australian Competition Tribunal (ACT) upheld a decision to block an asset transfer deal between wireless internet firms Telstra Group and TPG Telecom, the companies said …

  • Business News

    ‘Dahmer’ producer Ryan Murphy plans to leave Netflix for Disney – Bloomberg News

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    (Reuters) – Hit television writer and producer Ryan Murphy is planning to leave Netflix to join Walt Disney, Bloomberg News reported on Tuesday, citing people familiar with the matter. Murphy …

  • Business News

    World’s largest commercial jet purchase orders by number of aircraft

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    BENGALURU (Reuters) -IndiGo, India’s largest airline, on Monday placed an order for 500 Airbus narrowbody jets, the largest ever plane deal by number of aircraft, overtaking an earlier deal by …

  • Business News

    Exclusive-Tesla wins as Texas requires state-backed charging stations to include its plug

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Jarrett Renshaw and Hyunjoo Jin (Reuters) -Tesla scored a series of victories for its charging technology on Tuesday, capped by Texas saying it would require electric vehicle charging companies …

  • Business News

    Slowing Chinese economy of more concern to EU firms than geopolitics – survey

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Joe Cash BEIJING (Reuters) – A slowdown in both the Chinese and global economies is the biggest issue affecting European firms in China, beating political tensions with the United …

  • Business News

    BOJ debated risk of being too late in raising rates at April meeting

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Leika Kihara (Reuters) -Bank of Japan (BOJ) policymakers agreed to keep ultra-low interest rates at Governor Kazuo Ueda’s debut meeting but some saw the need to avoid being too …

  • Business News

    Hedge fund Two Sigma says rift poses material risk for the firm

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    NEW YORK (Reuters) – New York-based hedge fund Two Sigma Investments said in a regulatory filing that a rift between its top managers poses governance challenges and a material risk …

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