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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Slump in UK retail sales eases in September, CBI says

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    LONDON (Reuters) -British retailers reported a smaller annual fall in sales for September than during the previous month and expect a modest improvement in the months ahead, the Confederation of …

  • Business News

    Marketmind: Shutdown, oil, auctions and China rankle

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    A look at the day ahead in U.S. and global markets by Mike Dolan After the worst week since March on Wall St, three issues keep the pressure – a …

  • Business News

    Evergrande debt setback, Oceanwide blow rattle China property stocks

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Donny Kwok and Scott Murdoch HONG KONG/SYDNEY (Reuters) – Another obstacle to embattled developer China Evergrande Group’s long-pending debt restructuring plan rekindled fears for China’s crisis-hit property sector on …

  • Business News

    Why traders aren’t buying the Fed’s ‘higher-for-longer’ vision

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Ann Saphir (Reuters) – It’s a now-familiar dance: Federal Reserve officials signal to the world that interest rates are not dropping anytime soon. Financial markets respond with bets to …

  • Business News

    BOJ chief warns of highly uncertain wage, price outlook

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Leika Kihara OSAKA (Reuters) -Bank of Japan Governor Kazuo Ueda said there was “very high uncertainty” over whether companies would continue raising prices and wages, stressing anew the bank’s …

  • Business News

    China bans Nomura senior investment banker from leaving mainland -sources

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    HONG KONG (Reuters) – Authorities in China have ordered a senior Nomura Holdings banker overseeing the firm’s investment banking operations there not to leave the mainland, two sources with knowledge …

  • Business News

    IMF mission starts second review of Ukraine programme

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    KYIV (Reuters) – An International Monetary Fund monitoring mission started work on Monday on the second review of a $15.6 billion multi-year loan program for Ukraine. Vahram Stepanyan, IMF’s resident …

  • Business News

    Australian casino group Star Entertainment to raise $481 million in equity

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Scott Murdoch (Reuters) -Australian casino operator Star Entertainment Group is tapping the capital markets for a second time in 2023 as it aims to raise A$750 million ($481.43 million) …

  • Business News

    Qantas warns rising fuel costs may hit fares

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Byron Kaye and Himanshi Akhand SYDNEY (Reuters) -Australia’s biggest airline Qantas Airways said on Monday it will spend more than previously planned to improve “customer pain points” but warned …

  • Business News

    ECB needs to be cautious about doing too much on rates – Villeroy

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    PARIS (Reuters) – The European Central Bank has reached the point where it needs to be wary of raising interest rates too high and should try to avoid a hard …

  • Business News

    Spain’s industrial prices fall 10% year-on-year in August

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    (Reuters) – Spanish industrial prices fell a record 10% in the 12 months through August, from a revised 8.6% decrease in the 12 months through July, the National Statistics Institute …

  • Business News

    Take Five: An inflationary dilemma

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    (Reuters) -The moment investors have been waiting for seems to finally have arrived, as major central banks have indicated they are nearing the end of their string of interest-rate rises. …

  • Business News

    Hawkish Fed unwittingly stokes Treasuries ‘basis trade’ risks: McGeever

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Jamie McGeever ORLANDO, Florida (Reuters) -The Federal Reserve’s hawkish stance on interest rates, and determination to reduce its balance sheet, may inadvertently be stoking financial stability risks by encouraging …

  • Business News

    Analysis-UK’s fossil fuel car ban delay may only stall investment

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Nick Carey and Alistair Smout LONDON (Reuters) – Britain’s decision to delay a ban on new fossil fuel car sales may make little difference to the pace of a …

  • Business News

    US sanctions authority delayed KFC’s Russia exit -franchise owner

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Elena Fabrichnaya MOSCOW (Reuters) – A U.S. sanctions authority delayed for months KFC’s exit from Russia this year after commenting on an “exit tax” for departing foreign firms when …

  • Business News

    Singapore Aug core inflation rises 3.4%, seen easing

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 3.4% in August, almost matching economists’ forecasts, and easing compared with July’s figures due to lower inflation for …

  • Business News

    Ghana to hold rates at 30.00% on Sept.25 as inflation falls – Reuters poll

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    By Vuyani Ndaba JOHANNESBURG (Reuters) – The Bank of Ghana is expected to complete its hiking cycle later on Monday as its economy shows signs of falling inflation after 1,650 …

  • Business News

    Marketmind: Fed’s hawkish pause keeps pressure on markets

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    A look at the day ahead in European and global markets from Brigid Riley Investors head into the final week of the quarter still digesting last week’s surprising and at …

  • Business News

    China Evergrande: unable to meet qualifications for issuance of new notes

    by Reuters September 25, 2023
    by Reuters September 25, 2023

    BEIJING (Reuters) -China Evergrande said on Sunday that in view of an investigation into Hengda Real Estate Group, its flagship onshore unit, it was unable to meet qualifications for the …

  • Business News

    Inside Vietnam’s plans to dent China’s rare earths dominance

    by Reuters September 24, 2023
    by Reuters September 24, 2023

    By Francesco Guarascio and Khanh Vu HANOI (Reuters) – Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project that could rival the world’s largest, according …

  • Business News

    No volatility jump in Indian bonds after JPMorgan inclusion, says BlackRock

    by Reuters September 24, 2023
    by Reuters September 24, 2023

    By Divya Chowdhury and Savio Shetty MUMBAI (Reuters) -Indian bond markets won’t see a jump in volatility in the near-term after JPMorgan announced India’s inclusion in its widely tracked emerging …

  • Business News

    Thailand central bank to hold rates in Sept after seven straight hikes – Reuters poll

    by Reuters September 24, 2023
    by Reuters September 24, 2023

    By Anant Chandak and Susobhan Sarkar BENGALURU (Reuters) – Thailand’s central bank will leave its key policy rate unchanged at 2.25% on Wednesday and likely through 2024, marking an end …

  • Business News

    EU car group calls for urgent action on post-Brexit trade rules

    by Reuters September 24, 2023
    by Reuters September 24, 2023

    By Nick Carey (Reuters) – The European Union and Britain need to take urgent action to postpone rules for electric vehicles traded between the bloc and the UK that will …

  • Business News

    Exclusive-Germany scraps plans for more stringent building standards to prop up industry

    by Reuters September 24, 2023
    by Reuters September 24, 2023

    By Christian Kraemer BERLIN (Reuters) – The German government will put on indefinite hold plans to require more stringent building insulation standards, environment minister Robert Habeck told Reuters, an effort …

  • Business News

    Marketmind: Bond yield surge casts dark quarter-end shadow

    by Reuters September 24, 2023
    by Reuters September 24, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asia kicks off the last week of the quarter on …

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