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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Ukraine’s GDP could halve this year if Russian attacks continue – PM

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    KYIV (Reuters) – Ukraine’s economy could shrink by 50% this year if Russia keeps attacking the national power grid and other critical infrastructure, Prime Minister Denys Shmyhal was quoted as …

  • Business News

    Argentina inflation to cool slightly on food price freezes, analysts say

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    By Hernan Nessi BUENOS AIRES (Reuters) – Argentina inflation is expected to have cooled slightly in November, a Reuters poll of analysts showed on Tuesday, though remains high with prices …

  • Business News

    As workers strike, UK public sector pay hits 19-year low in real terms

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    By Andy Bruce LONDON (Reuters) – Average pay for British public sector workers fell to a 19-year low in October, after adjusting for inflation, according to official data on Tuesday …

  • Business News

    U.S. Supreme Court to hear dispute over Slack’s direct stock listing

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    By Jody Godoy (Reuters) -The U.S. Supreme Court on Tuesday agreed to hear a bid by Slack Technologies Inc, part of Salesforce Inc, to avoid a lawsuit accusing the workplace …

  • Business News

    Russia to see huge budget deficit in Dec after Gazprom-fuelled surplus in Nov

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    MOSCOW (Reuters) – Russia’s monthly budget deficit could reach 3.5 trillion roubles ($55.38 billion) in December for the government to see an annual deficit at 2% of GDP as promised, …

  • Business News

    FTX founder Bankman-Fried is ‘considering all of his legal options’ – attorney statement

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    (Reuters) – FTX founder Samuel Bankman-Fried is reviewing charges with his legal team and considering his options, his counsel said in a statement after U.S. authorities charged him on Tuesday. …

  • Business News

    Ghana expects $3 billion IMF loan approval early in 2023

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    By Cooper Inveen and Christian Akorlie ACCRA (Reuters) – The International Monetary Fund (IMF) is poised to lend Ghana $3 billion as the African nation grapples with its worst economic …

  • Business News

    BoE to stress test non-banks for first time after pensions turmoil

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    By Huw Jones and David Milliken LONDON (Reuters) -Investment funds and other non-bank financial institutions face their first ‘stress test’ next year to apply lessons from the near-meltdown in Britain’s …

  • Business News

    Factbox-Highlights from SEC complaint against Sam Bankman-Fried

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    (Reuters) – Sam Bankman-Fried, the founder of collapsed crypto exchange FTX, was charged by the U.S. Securities and Exchange Commission (SEC) on Tuesday with defrauding investors in what regulators called …

  • Business News

    Wall St jumps at open as CPI data calms rate-hike jitters

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    (Reuters) – Wall Street’s main indexes opened sharply higher on Tuesday after a smaller-than-expected rise in U.S. consumer prices raised hopes that the Federal Reserve could soften its aggressive rate …

  • Business News

    No Renault deal by year-end as some at Nissan urge caution -sources

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    By Maki Shiraki, Gilles Guillaume and David Dolan TOKYO/PARIS (Reuters) – Nissan Motor Co Ltd doesn’t expect to reach an agreement with top shareholder Renault by year-end on retooling their …

  • Business News

    Cyprus watchdog to extend FTX EU licence suspension

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    NICOSIA (Reuters) – Cyprus’s securities regulator plans to extend the suspension of the licence of FTX EU and will meet to discuss the matter next week, a spokesperson said on …

  • Business News

    Brazil central bank to launch its digital currency in 2024

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    BRASILIA (Reuters) – Brazil’s central bank aims to launch its digital currency in 2024 after a closed pilot program next year with financial institutions, bank president Roberto Campos Neto said …

  • Business News

    CFTC to charge FTX ex-CEO with digital commodity asset fraud -source

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission will file charges on Tuesday against cryptocurrency exchange FTX founder Sam Bankman-Fried over alleged digital commodity asset fraud, a source familiar …

  • Business News

    Czech policymaker Dedek says steady rates needed as inflation peaks

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    By Robert Muller PRAGUE (Reuters) – The Czech National Bank can hold off on interest rate rises as inflation is peaking, although any loosening of monetary policy is still way …

  • Business News

    Panasonic agrees to supply EV batteries to Lucid Group

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    TOKYO (Reuters) – Tesla Inc battery maker Panasonic Holdings on Tuesday said it had concluded an agreement to supply lithium-ion batteries to electric vehicle (EV) maker Lucid Group as the …

  • Business News

    Nov U.S. CPI cools down, spelling relief for markets

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    NEW YORK (Reuters) – U.S consumer prices barely rose in November amid declines in the cost of gasoline and used cars, leading to the smallest annual increase in inflation in …

  • Business News

    Sam Bankman-Fried’s sudden turn from white knight to detainee

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    By Hannah Lang (Reuters) – The sudden fall from grace and arrest of FTX’s former CEO Sam Bankman-Fried has stunned investors and crypto enthusiasts who once hailed the 30-year-old American …

  • Business News

    Qatar’s Q3 surplus soars on higher oil and gas revenue

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    DUBAI (Reuters) – Qatar posted a budget surplus of 30 billion riyals ($8.19 billion) for the third quarter of 2022, boosted by rocketing oil and gas revenues, the state news …

  • Business News

    Futures jump as CPI data eases jitters over interest rates

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    (Reuters) – U.S. stock index futures rose sharply on Tuesday after a smaller-than-expected rise in U.S. consumer prices boosted bets that the Federal Reserve would ease its aggressive rate hike …

  • Business News

    American Airlines taps insider Devon May as CFO

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    (Reuters) -American Airlines Group Inc said on Tuesday long-time finance chief Derek Kerr will step down from the role and be replaced by company veteran Devon May, at a time …

  • Business News

    RWE plans new solar farm in Britain

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    LONDON (Reuters) – RWE will build a 600-megawatt solar farm in Britain as part of plans to expand its renewables activities in the country, the German utility said on Tuesday. …

  • Business News

    Analysis-Whoosh tests Russian IPO interest as foreign investors frozen out

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    By Alexander Marrow and Olga Popova MOSCOW (Reuters) – Corporate Russia is watching closely this week as electric scooter firm Whoosh braves Russian economic isolation with Moscow’s first IPO since …

  • Business News

    Miner BHP accused of delaying $6 billion-plus Brazil dam case

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    By Sam Tobin LONDON (Reuters) – Global mining giant BHP Group was on Tuesday accused of trying to “forever put off” the question of liability for a 2015 dam collapse …

  • Business News

    Explainer-Europe’s fiercely contested plan to cap gas prices

    by Reuters December 13, 2022
    by Reuters December 13, 2022

    By Susanna Twidale, Kate Abnett and Gabriela Baczynska (Reuters) – A proposed cap on gas prices has divided European Union countries for months, as countries have argued about how high …

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