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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    New Zealand house prices fall as interest rates bite -REINZ

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    WELLINGTON (Reuters) – New Zealand house prices fell in November on the prior month as rising interest rates, access to finance and concerns around the economy contributed to continued hesitancy …

  • Business News

    Responsible investment group rejects activist complaint over TIAA

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Ross Kerber (Reuters) – A United Nations-backed responsible investment group has sided with U.S. financial services provider TIAA and turned down a request that the firm’s membership be reviewed …

  • Business News

    World Bank, Mali sign two financing agreements worth around $302 million -Mali govt

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    BAMAKO (Reuters) – The World Bank and Mali on Monday signed financing agreements for two projects worth around $302 million, the ministry of economy said. Around $266 million will go …

  • Business News

    EU seeks deal on world-first carbon border tariff

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Kate Abnett BRUSSELS (Reuters) -The European Union is hoping to reach a deal late on Monday to impose a carbon dioxide tariff on imports of polluting goods such as …

  • Business News

    Cuba forecasts only slight growth rise as crisis grips island

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Marc Frank and Nelson Acosta HAVANA (Reuters) – Crisis-hit Cuba on Monday forecast economic growth of 3% for 2023 and reported 2% in 2022, half of what it had …

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    Chesterfield’s new ice cream parlor and arcade to open this Friday

    by Jessica Woods December 12, 2022
    by Jessica Woods December 12, 2022

    CHESTERFIELD, NJ – There’s a new spot in town to spend the winter days away with fun and treats. Fundaes Arcade will be celebrating their grand opening on Friday, December …

  • Business News

    U.S. ready to explore next phases of trade relationship with Africa, USTR Tai says

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By David Lawder WASHINGTON (Reuters) -U.S. Trade Representative Katherine Tai said on Monday that her agency is preparing to sign a memorandum of understanding with African Continental Free Trade Area …

  • Business News

    Gold is better portfolio diversifier than bitcoin -Goldman Sachs

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    (Reuters) – Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note. Gold …

  • Business News

    EU could face gas shortage next year, IEA warns

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Kate Abnett BRUSSELS (Reuters) -The European Union has enough gas for the winter but could face a shortage next year if Russia cuts supplies further, the International Energy Agency …

  • Business News

    Russia’s McDonald’s successor replacing Big Mac with ‘Big Hit’

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Alexander Marrow MOSCOW (Reuters) -Starved of Big Macs since McDonald’s Corp closed its Russian restaurants in March, Russians will from next year be treated to an alternative from the …

  • Business News

    Roche’s head of pharmaceuticals to leave company

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By John Revill and Ludwig Burger ZURICH (Reuters) -Roche said on Monday the head of its pharmaceuticals division had decided to leave after 16 years with the Swiss drugmaker, heralding …

  • Business News

    Citi to cut as many as 50 bankers in EMEA – sources

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    MILAN (Reuters) – Citigroup is cutting as many as 50 jobs in the Europe, Middle East and Africa (EMEA) region, two people close to the matter said. Citi declined to …

  • Business News

    Americans expected waning inflation pressures, rising incomes in November

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Michael S. Derby and Howard Schneider (Reuters) – Americans said last month that they are expecting waning inflation pressures over the next few years even as they expect their …

  • Business News

    European shares slip on fears over rising China COVID cases, await rate decisions

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) – European shares slipped on Monday as investors braced for U.S. and European central bank interest rate decisions, while rising COVID-19 infections …

  • Business News

    UK has no plan to cut interest BoE pays to banks: Treasury official

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    LONDON (Reuters) – Britain’s finance ministry has no plan for the Bank of England to cut the amount of interest it pays to banks, the Treasury’s top official said on …

  • Business News

    Exclusive-U.S. Justice Dept is split over charging Binance as crypto world falters – sources

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Angus Berwick, Dan Levine and Tom Wilson WASHINGTON (Reuters) – Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the world’s …

  • Business News

    Albertsons says Washington AG denied request for injunction to stop dividend payout

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    (Reuters) -U.S. grocery chain Albertsons Companies Inc said that Washington State Court had denied a request of preliminary injunction by the state’s Attorney General to prevent the company from paying …

  • Business News

    U.S. Supreme Court takes up second Biden appeal in student debt plan fight

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Andrew Chung (Reuters) – The U.S. Supreme Court on Monday agreed to hear President Joe Biden’s appeal of a judge’s ruling that found his plan to cancel billions of …

  • Business News

    Exclusive-Air India nears historic order for up to 500 jets -sources

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Tim Hepher and Aditi Shah PARIS/NEW DELHI (Reuters) – Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars …

  • Business News

    Erdogan: Turkey’s inflation will fall to 40% in months, 20% in 2023

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    ANKARA (Reuters) – Turkey’s President Tayyip Erdogan said on Monday it was “apparent” that inflation would fall to around 40% in a few months, and further to 20% in 2023. …

  • Business News

    UK economy rebounds from royal funeral hit, outlook remains bleak

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Andy Bruce and William Schomberg LONDON (Reuters) -Britain’s economy rebounded in October a little more strongly than expected from September when output was affected by a one-off public holiday …

  • Business News

    Italian autos pay talks to run into January – union

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    MILAN (Reuters) – Discussions over new job contracts in Italy for Stellantis, Ferrari, CNH Industrial and Iveco workers will be extended into January, a union representative said on Monday. The …

  • Business News

    Mercuria closes $3.4 billion loan facility for North America operations

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    (Reuters) – Commodity trading house Mercuria said on Monday that its operating entities in North America had closed a multi-year revolving credit facility of $3.4 billion for their working capital …

  • Business News

    Colombia’s central bank set for December rate hike, under pressure for more: Reuters poll

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s central bank is set to raise its key interest rate this week at its final meeting of the year and will be under …

  • Business News

    Emma Tucker named next editor-in-chief of Wall Street Journal and Dow Jones Newswires

    by Reuters December 12, 2022
    by Reuters December 12, 2022

    By Dawn Chmielewski and Helen Coster (Reuters) -News Corp named Sunday Times editor Emma Tucker the new editor of the Wall Street Journal and Dow Jones Newswires on Monday. She …

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