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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Argentina to introduce income tax relief in January

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    BUENOS AIRES (Reuters) – Argentina’s government will raise the floor for income taxes in January, the country’s Economy Minister Sergio Massa said on Thursday, amid union demands to ease the …

  • Business News

    Amazon to roll out TikTok-like shopping experience in social commerce push

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    (Reuters) – Amazon.com Inc said on Thursday it will roll out a TikTok-like feed on its e-commerce app, hoping to attract new shoppers through a stream of photos and videos …

  • Business News

    Denim shorts in winter: Express, Gap stores glutted with prior seasons’ goods

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Arriana McLymore RALEIGH, N.C. (Reuters) -Clothing retailers such as Express and Gap that stashed away mountains of unsold basics during the coronavirus pandemic now are slashing prices on clearance …

  • Business News

    Emerging markets November foreign inflows most since June 2021 – IIF

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Rodrigo Campos (Reuters) – Foreigners dumped the most cash into emerging market portfolios in November than any month since June 2021 even as Chinese debt continues to see outflows, …

  • Business News

    EDF, Fortum agree to study nuclear newbuild in Finland and Sweden

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    PARIS (Reuters) – French power group EDF and energy group Fortum said on Thursday they had signed an framework agreement to study opportunities for cooperation to develop nuclear reactor projects …

  • Business News

    European shares slip for fifth day on weakness in banks, consumer staples

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -European shares fell for the fifth straight session on Thursday, bogged down by weakness in banks and consumer staples amid growing fears …

  • Business News

    Sweden’s SKF reviewing Aerospace business ownership

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Marie Mannes (Reuters) -Swedish bearings maker SKF said on Thursday it was looking at the ownership of its aerospace business, amid ongoing consolidation in the industry, in a strategic …

  • Business News

    U.S. labor market still tight despite continuing claims hitting 10-month high

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits increased moderately last week, pointing to a still-tight and strong labor market despite growing …

  • Business News

    Audacious BlackRock challenge is Bluebell’s David vs Goliath playbook

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Simon Jessop, Nell Mackenzie and Svea Herbst-Bayliss LONDON/NEW YORK (Reuters) – Bluebell Capital Partners’ attempt to oust BlackRock Inc CEO Larry Fink represents the small activist hedge fund’s boldest …

  • Business News

    Egypt’s core inflation rises to 21.5% yr/yr in November – central bank

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    (Reuters) – Egypt’s core inflation rose to 21.5% year on year in November from 19.0% in October, the central bank said on Thursday. (Reporting by Moaz Abd-Alaziz and Alaa Swilam; …

  • Business News

    Canadian regulator raises banks’ domestic stability buffer to 3%

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    OTTAWA (Reuters) – Canada’s financial regulator said on Thursday it was raising the amount of capital the country’s biggest lenders must hold as a stability buffer by 50 basis points …

  • Business News

    Biden admin tells Supreme Court law protecting social media companies has limits

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Dan Whitcomb (Reuters) – The Biden administration argued to the U.S. Supreme Court on Wednesday that social media giants like Google could in some instances have responsibility for user …

  • Business News

    Dollar eases against euro as investors weigh rates outlook

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By John McCrank and Amanda Cooper NEW YORK (Reuters) -The dollar edged lower on Thursday against the euro as investors weighed the outlook for U.S. Federal Reserve policy against the …

  • Business News

    U.S. says Russian oil price cap does not require checks on every tanker by Turkey

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    FORT WORTH, Texas (Reuters) – The U.S. Treasury said on Thursday that the price cap on Russian oil imposed by Western powers does not necessitate checks of every tanker passing …

  • Business News

    Exxon, Chevron to spend billions more on oil projects next year

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Sabrina Valle HOUSTON (Reuters) – The two largest U.S. oil companies – Exxon Mobil Corp and Chevron Corp – disclosed plans to increase outlays on energy projects next year …

  • Business News

    Polish central bank governor says no decision on ending rate-hike cycle

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Anna Koper WARSAW (Reuters) -Poland’s Monetary Policy Council (MPC) has made no decision about ending its tightening cycle, the central bank governor said on Thursday, as he reiterated that …

  • Business News

    Disney+ streaming service launches with major advertisers

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Dawn Chmielewski (Reuters) – The ad-supported version of the Disney+ service launched Thursday, attracting major advertisers from different sectors, bringing in new revenue as Walt Disney Co strives to …

  • Business News

    Latest Twitter lawsuit says company targeted women for layoffs

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Daniel Wiessner (Reuters) – Twitter Inc has been hit with another lawsuit stemming from the recent purging of half its workforce, this one accusing the social media company of …

  • Business News

    Launch of floating LNG terminal in Lubmin, Germany, delayed – Spiegel

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    BERLIN (Reuters) – The launch of a floating terminal for liquefied natural gas (LNG) in Lubmin, Germany, which was due at the beginning of December, has been delayed by several …

  • Business News

    WTO rules against U.S. import duties on steel, aluminium, Norway says

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    OSLO (Reuters) – The Norwegian foreign ministry said on Thursday a World Trade Organization panel had ruled in Norway’s favour against the United States in a case the Nordic country …

  • Business News

    Column-Funding cuts have put U.S. Social Security customer service in crisis mode

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Mark Miller (Reuters) – Call the Social Security toll-free number for assistance these days, and this is the message you will hear: “We are experiencing service issues including poor …

  • Business News

    IMF to assess Zambia in spring, urges debt deal with creditors

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    LONDON (Reuters) – The International Monetary Fund has urged default-stricken Zambia to strike a debt restructuring deal with its international creditors as soon as possible and will make a formal …

  • Business News

    Pakistan FX reserves held by central bank fall to $6.7 billion

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan’s foreign exchange reserves held by the central bank fell $784 million to $6.7 billion as of Dec. 2, the central bank said in …

  • Business News

    Brazil central bank grants Google Pay payment institution status

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    SAO PAULO (Reuters) – Alphabet’s Google Pay has received approval to operate as a payment institution in Brazil, Latin America’s largest economy, the country’s official gazette showed on Thursday, allowing …

  • Business News

    Hyundai, SK to build new battery plant in Georgia

    by Reuters December 8, 2022
    by Reuters December 8, 2022

    By David Shepardson WASHINGTON (Reuters) -Hyundai Motor Group and SK On said Thursday they will build a new battery manufacturing plant in the U.S. state of Georgia to supply the …

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