Breaking Business news from across New Jersey.
By Belén Carreño MADRID (Reuters) -Spain’s gross domestic product grew a faster-than-expected 5.5% in 2022 as the country avoided a recession in the final quarter despite fears of a global…
By Satoshi Sugiyama and Tim Kelly TOKYO (Reuters) -Toyota Motor Corp chief Akio Toyoda is set to remain a dominant force inside the world’s largest automaker for years to come,…
By Hyunsu Yim SEOUL (Reuters) – POSCO Holdings, parent of South Korea’s biggest steelmaker POSCO, on Friday reported a 46.7% drop in operating profit for 2022 due to a four-month…
LONDON (Reuters) – Dollar bonds issued by entities of India’s Adani Group tumbled on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate’s…
By Diana Mandia (Reuters) – Signify, the world’s largest lighting maker, on Friday gave a more upbeat forecast for operating profitability for 2023, on the back of an improving situation…
By Jayshree P Upadhyay (Reuters) – India’s market regulator has increased scrutiny of deals by the Adani Group over the past year and will study a report issued by short-seller…
By Sam Nussey and Kantaro Komiya TOKYO (Reuters) -When the head of Toyota announced on Thursday he would step down as CEO, Akio Toyoda opted for the news outlet he…
(Reuters) – Air France-KLM has placed a firm order with Airbus for four freighter and three passenger aircraft, the Franco-Dutch airline said on Friday, as part of efforts to renew…
By Niklas Pollard STOCKHOLM (Reuters) -Swedish steelmaker SSAB expects to increase shipments in a more stable market in the first quarter, it said on Friday as it reported earnings in…
BENGALURU (Reuters) -Shares of Tata Motors Ltd, India’s No.3 carmaker by volume, rose as much as 8.2% to a more-than-four-month high on Friday after the company reported its first quarterly…
By Jan Strupczewski BRUSSELS (Reuters) – Plans by the European Commission to create new European Union funding for the green industry are facing mounting opposition in the 27-nation bloc, as…
SEOUL (Reuters) – South Korea’s huge national pension fund is set to see its pool of money depleted by 2055, earlier than expected, because of a shrinking population amid low…
By Aditi Shah NEW DELHI (Reuters) -Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International,…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan said on Friday it will extend five-year loans against collateral to financial institutions, the second time it has made such an…
A look at the day ahead in European and global markets from Ankur Banerjee Chip giant Intel’s grim earnings report along with mixed U.S data that showed a resilient economy…
BANGKOK (Reuters) – Thailand will begin construction on the 290-billion baht ($8.82 billion) U-Tapao aviation city early this year, a government spokesperson said on Friday. The project will generate 15,600…
MUMBAI (Reuters) – Indian banks’ exposure to the Adani Group is within manageable limits, said brokerage houses CLSA and Jefferies, as the group fend off an attack from well-known short-seller…
By Isla Binnie NEW YORK (Reuters) – ArcelorMittal has led the latest, $120 million round of investment for Boston Metal in the startup’s quest to go to market by 2026…
By Noele Illien, Tom Wilson and Dietrich Knauth ZURICH/LONDON (Reuters) – FTX has objected to a U.S. Department of Justice request for an independent investigation into the once-prominent crypto exchange’s…
By Mohi Narayan NEW DELHI (Reuters) – The rapid take-up of electric vehicles in India’s fledgling market has prompted a major rethink about the country’s long-term fuel needs as refiners…
BENGALURU (Reuters) – Shares of Adani Group’s listed companies fell on Friday, adding to their losses from Wednesday when U.S. short-seller Hindenburg Research launched a scathing attack on the conglomerate.…
(Reuters) – Billionaire U.S. investor Bill Ackman said on Thursday that he found short-seller Hindenburg Research’s report on India’s Adani Group “highly credible and extremely well researched.” Shares in seven…
By Kantaro Komiya TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Friday that a return to deflation in the world’s third-largest economy cannot be ruled out, because domestic demand…
(Reuters) – Private home prices in Hong Kong, one of the most unaffordable territories in the world, fell 15.6% in 2022 in the first annual drop since 2008, official data…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korean display panel maker LG Display said it planned to cut costs in the first half of this year after…