Breaking Business news from across New Jersey.
By Andrea Shalal JOHANNESBURG (Reuters) -South Africa needs concrete action soon if it is to maintain momentum on an energy transition program backed by the United States and other countries,…
LONDON (Reuters) – H&M said on Friday soaring costs had slashed its profits, the latest fast-fashion retailer to feel the pinch as consumers cut back, while LVMH and Salvatore Ferragamo…
BERLIN (Reuters) – Bosch has agreed to increase its shareholding in Sweden’s Husqvarna to roughly 12%, making it one of the biggest shareholders, in a move to strengthen their battery…
(Reuters) – U.S. bond funds obtained net inflows for a third straight week in the seven days to Jan. 25 as investors remained hopeful that the Federal Reserve would deliver…
By Kate Abnett BRUSSELS (Reuters) -The Intercontinental Exchange plans to launch a “parallel market” in London for Title Transfer Facility gas trading next month, it said on Friday, providing a…
By Abhirup Roy and Kevin Krolicki (Reuters) -Elon Musk has a playbook for Tesla headed into what he believes will be a “serious” recession: cut costs on everything from parts…
By Hyunjoo Jin and Akash Sriram (Reuters) – Tesla Inc’s aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns…
By Joan Faus BARCELONA (Reuters) – Barcelona’s city hall on Friday approved a total ban on so-called “dark stores” – distribution hubs used by companies that provide grocery home deliveries…
By Dagmarah Mackos (Reuters) -Remy Cointreau said on Friday it expected U.S. demand for cognac to weaken well into 2023, after the French spirits maker posted lower third-quarter sales as positive…
MILAN (Reuters) – Italian fashion group Prada said on Friday it appointed former Luxottica chief Andrea Guerra as its new chief executive officer, taking the place of Patrizio Bertelli and…
By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -The Pakistani rupee’s two-day decline slowed on Friday on news that an IMF team was visiting Islamabad next week to discuss…
TOKYO (Reuters) -Japan and the Netherlands will soon agree to join the United States in restricting exports of semiconductor manufacturing equipment to China, Bloomberg News reported. Talks between the countries…
By Marie Mannes and Anna Ringstrom STOCKHOLM (Reuters) -Fashion retailer H&M’s profits were almost wiped out in the September-November quarter by soaring costs, which the Swedish company held back from…
(Reuters) – Global equity funds received inflows for a third straight week in the week to Jan. 25 as easing recession fears and hopes of smaller rate hikes by the…
By Elvira Pollina MILAN (Reuters) – JPMorgan Chase & Co has written to Italy’s top soccer league to express a preliminary interest in supporting the development of Serie A’s media…
By Shubham Batra and Nikunj Ohri New Delhi (Reuters) – India’s federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as…
A look at the day ahead in U.S. and global markets from Mike Dolan. A surge of ‘soft landing’ hopes for the U.S. economy on Thursday got sideswiped overnight after…
DETROIT (Reuters) – General Motors Co and Ford Motor Co are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks and sports utility vehicles (SUVs).…
By Hari Kishan BENGALURU (Reuters) – U.S. Treasury yields a year from now are forecast to trade sharply lower than the level expected by bond strategists polled by Reuters just…
(This Jan. 25 story has been refiled to fix the spelling of Markopolos in the eighth paragraph) By Carolina Mandl NEW YORK (Reuters) – Short-seller Hindenburg Research disclosed on Wednesday…
By Peter Hobson LONDON (Reuters) – An era of breathtaking palladium rallies is likely to be ending, analysts said, as rising supply and stagnant demand erode prices of the metal…
FRANKFURT (Reuters) – Bank lending to euro zone companies tumbled in December, effectively ending the sector’s biggest borrowing binge in more than a decade as rising interest rates and a…
GENEVA (Reuters) – World Trade Organization members have overcome a months-long impasse over who will chair ongoing negotiations to fix new global trade rules for agriculture and fisheries, the watchdog’s…
By Mimosa Spencer PARIS (Reuters) -A record-breaking run in the shares of French luxury goods group LVMH halted briefly on Friday after the company’s fourth quarter sales update prompted some…
TOKYO (Reuters) -Japan tightened sanctions against Russia on Friday following its latest wave of missile attacks in Ukraine, adding goods to an export ban list and freezing the assets of…