Breaking Business news from across New Jersey.
CAIRO (Reuters) -Egypt’s annual urban consumer inflation rate surged to a five-year high of 18.7% in November, closely matching analyst expectations, data from the statistics agency CAPMAS showed on Thursday. …
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A breathtaking surge in the U.S. dollar trampled foreign currencies, gouged corporate profits and gave investors one of the year’s few winning …
MEXICO CITY (Reuters) – Mexico’s central bank’s monetary policy tightening cycle will likely end in the first half of 2023 with the benchmark interest rate at 11%, before policymakers start …
By Jörn Poltz MUNICH (Reuters) – Wirecard’s former chief executive, who steered the payments company through its rise and spectacular collapse two years ago, went on trial for fraud on …
By Rachael Levy (Reuters) – U.S. House Representatives Earl Francis Blumenauer and Adam Schiff want further U.S. Department of Agriculture (USDA) scrutiny of Elon Musk’s Neuralink following a Reuters report …
(Reuters) – The UK’s anti-trust regulator fined German luxury carmaker BMW 30,000 pounds ($36,519) plus a further daily penalty of 15,000 pounds on Thursday over a disputed information request related …
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – The Bank of Canada will study the most recent economic data to gauge whether to raise interest rates further, a deputy …
By Sabrina Valle (Reuters) -Exxon Mobil Corp on Thursday said it will lift capital spending next year by about 10%, to between $23 billion and $25 billion, and boost share …
By Francesca Landini, Julia Payne and Giuseppe Fonte MILAN (Reuters) – Russia’s Lukoil and U.S. private equity firm Crossbridge are close to a deal for the sale of the Russian …
(Reuters) – The sale of a Shell Plc and Exxon Mobil Corp oil-production joint venture in California has been pushed back to the first quarter of next year for U.S. …
By Joseph White DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra said on Thursday demand for the American automaker’s vehicles remains strong and it expects U.S. new-vehicle sales …
(Reuters) – Goldman Sachs Group’s bonus pool for senior employees is expected to shrink by as much as half, news platform Semafor reported on Thursday, citing people familiar with the …
LIMA (Reuters) – Peru’s key economic and financial institutions remain resilient to political volatility, Moody’s analyst Jaime Reusche said Thursday after the country impeached and arrested one president and welcomed …
(Reuters) -FTX’s new chief executive officer and attorneys this week met with Justice Department officials as the investigation into the crypto firm’s collapse continues, a source familiar with the meeting …
By David Lawder WASHINGTON (Reuters) – Low-income countries will need nearly $500 billion in external financing during the 2022-2026 period, the International Monetary Fund said on Thursday, an increase of …
FRANKFURT (Reuters) – Proposed European Union rules aimed at tempering natural gas price spikes may actually jeopardize financial stability and need to be redesigned, the European Central Bank said on …
PARIS (Reuters) – The French economy is on course to finish the year with slightly positive growth in the fourth quarter, the central bank said on Thursday in its monthly …
ZURICH (Reuters) – Credit Suisse on Thursday announced the final result of its 4 billion Swiss franc ($4.25 billion) capital raise, saying 98.2% of shareholder rights to buy stock at …
By Rowena Edwards and Julia Payne LONDON/MOSCOW (Reuters) – Azerbaijan’s state oil firm SOCAR has paused purchases of Russian crude oil for its Turkish refinery, industry sources said, in a …
(Reuters) – A Canadian regulator said on Thursday it had rejected Telus Corp’s request to charge a processing fee on credit card payments made by customers for its telecom services …
By Stefania Spezzati, Lawrence White and Iain Withers LONDON (Reuters) -Barclays has promoted 85 people to managing director (MD) in its investment bank, it said on Thursday, with by far …
TOKYO (Reuters) -The talks between Renault SA and Nissan Motor Co over alliance restructuring are certain to spill into next year, Bloomberg reported on Thursday, citing people familiar with the …
By Khushi Mandowara and Leroy Leo (Reuters) -General Electric Co’s healthcare division is aiming to have a medium-term organic revenue growth in the mid-single-digits, the unit’s Chief Executive Officer Peter …
GDANSK (Reuters) -Poland’s largest lender PKO BP is actively seeking out M&A opportunities, the bank’s management board vice president Pawel Gruza said during a conference call with investors and journalists …
By David Shepardson and Karen Freifeld WASHINGTON/NEW YORK (Reuters) – The U.S. Commerce Department will continue to deny three U.S.-based firms’ export privileges, the government announced on Thursday, saying the …