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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Air pollution hurts Bangladesh GDP as well as health, World Bank says

    by Reuters December 4, 2022
    by Reuters December 4, 2022

    (Reuters) – Air pollution in Bangladesh is robbing the South Asian nation of economic growth as well as causing premature death and illness, the World Bank said on Sunday. Pollution …

  • Business News

    BOJ’s Wakatabe warns risk of ‘Japanification’ not gone yet

    by Reuters December 4, 2022
    by Reuters December 4, 2022

    TOKYO (Reuters) – Even as cost-push factors boost inflation, global central banks must be vigilant to the risk of “Japanification”, in which their economies face prolonged low inflation and stagnation, …

  • Business News

    Saudi Aramco’s Luberef expects to raise up to $1.32 billion from IPO

    by Reuters December 4, 2022
    by Reuters December 4, 2022

    By Yousef Saba DUBAI (Reuters) – Saudi oil giant Aramco’s base oil subsidiary Luberef expects to raise up to 4.95 billion riyals ($1.32 billion) from its initial public offering, it …

  • Business News

    Japan cautious on capital gains tax; must stick to increasing defence

    by Reuters December 4, 2022
    by Reuters December 4, 2022

    TOKYO (Reuters) – Japan should avoid rushing into raising capital gains tax as doing so could send a wrong message to markets when Japan is encouraging financial investment, a senior …

  • Business News

    Germany to set up climate protection contracts with industry in 2023 – minister

    by Reuters December 3, 2022
    by Reuters December 3, 2022

    (Reuters) – Germany will set up so-called climate protection contracts with industrial companies next year to support a transition towards cleaner production and a switch to hydrogen, Economy Minister Robert …

  • Business News

    Lawmaker says EU should complain to WTO over U.S. Inflation Reduction Act

    by Reuters December 3, 2022
    by Reuters December 3, 2022

    (Reuters) – The European Union should file a complaint with the World Trade Organization (WTO) in the next few months regarding the United States’ green energy subsidy package, the head …

  • Business News

    NY Fed paper ties reverse repo surge to bank regulation change

    by Reuters December 3, 2022
    by Reuters December 3, 2022

    (Fixes typo in paragraph 6) By Michael S. Derby (Reuters) -Persistently massive inflows of cash into a key Federal Reserve facility are in large part being driven by a bank …

  • Business News

    Archegos’ Bill Hwang says prosecutor misconduct justifies indictment’s dismissal

    by Reuters December 3, 2022
    by Reuters December 3, 2022

    By Jonathan Stempel NEW YORK (Reuters) – Bill Hwang is seeking the dismissal of his U.S. fraud indictment over the collapse of his once-$36 billion Archegos Capital Management LP, saying …

  • Business News

    BoE’s Dhingra warns of deeper and longer recession with higher rates

    by Reuters December 3, 2022
    by Reuters December 3, 2022

    LONDON (Reuters) -Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and longer recession, adding there were …

  • Business News

    OPEC+ will keep oil policy unchanged in review talks – sources

    by Reuters December 3, 2022
    by Reuters December 3, 2022

    By Rowena Edwards and Maha El Dahan LONDON/DUBAI (Reuters) – OPEC+ will likely stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, …

  • Business News

    UniCredit to assess CEO pay rise ahead of general meeting

    by Reuters December 3, 2022
    by Reuters December 3, 2022

    By Valentina Za MILAN (Reuters) -UniCredit will reassess the remuneration of CEO Andrea Orcel ahead of its 2023 general meeting to see if the results achieved by Italy’s second-biggest bank …

  • Business News

    Renault and Nissan forgo Wednesday announcement of alliance deal – sources

    by Reuters December 3, 2022
    by Reuters December 3, 2022

    By Maki Shiraki and Norihiko Shirouzu TOKYO (Reuters) -Renault SA and Nissan Motor Co are set to forgo a Wednesday announcement of a deal to restructure their automotive alliance as …

  • Business News

    Delta offers pilots hefty pay raises as unions flex bargaining power

    by Reuters December 3, 2022
    by Reuters December 3, 2022

    By Rajesh Kumar Singh and David Shepardson CHICAGO (Reuters) -Delta Air Lines has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating …

  • Business News

    G7 coalition agrees $60 per barrel price cap for Russian oil

    by Reuters December 3, 2022
    by Reuters December 3, 2022

    By Jan Strupczewski, Kate Abnett, David Lawder and Andrea Shalal WASHINGTON/BRUSSELS (Reuters) -The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel …

  • Business News

    France’s Macron discussed Twitter content rules in meeting with Musk

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    (Reuters) – Emmanuel Macron said he had a “clear and honest” discussion with Twitter owner Elon Musk about the social media platform’s content moderation policies, just a day after the …

  • Business News

    Unilever: Ben & Jerry’s has no power to sue over Israeli ice cream sale

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    By Jessica DiNapoli and Jonathan Stempel NEW YORK (Reuters) – Unilever plc asked a U.S. judge to dismiss a lawsuit by Ben & Jerry’s over the sale of its Israeli …

  • Business News

    FTX’s LedgerX attracts interest from Blockchain.com, Gemini- Bloomberg

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    (Reuters) – FTX’s digital currency futures and clearinghouse LedgerX is up for sale and has attracted interest from crypto firms including Blockchain.com, Gemini, Bitpanda and Kalshi, Bloomberg reported on Friday, …

  • Business News

    IMF, Argentina reach funding agreement that could unlock $6 billion

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    BUENOS AIRES (Reuters) -The International Monetary Fund (IMF) said on Friday it has reached a agreement with Argentine authorities on a third review under its Extended Fund Facility Arrangement, which …

  • Business News

    S&P 500 ends slightly lower after jobs report

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls …

  • Business News

    ‘No sacred cows’ as pipeline company TC Energy prepares for C$5 billion asset sales

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    By Rod Nickel WINNIPEG, Manitoba (Reuters) – As TC Energy Corp prepares to unload C$5 billion ($3.7 billion) in assets next year, investors and analysts say the North American pipeline …

  • Business News

    Pakistan repays $1 billion international bond -central bank spokesman

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan repaid a $1 billion international bond, the central bank spokesman said on Friday, amidst growing uncertainty about the country’s ability to meet …

  • Business News

    Mexico, U.S. plan pitch by early 2023 to lure firms from abroad

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    MEXICO CITY (Reuters) – Mexican Economy Minister Raquel Buenrostro and U.S. Secretary of Commerce Gina Raimondo on Friday agreed to set out a plan by early 2023 for the relocation …

  • Business News

    Brazil treasury official Colnago submits resignation -ministry

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    BRASILIA (Reuters) -Brazil’s Special Treasury and Budget Secretary Esteves Colnago submitted his resignation, the Economy Ministry said on Friday, a month before the usual turnover of the position at the …

  • Business News

    Venezuela, Chevron formally sign oil contracts in Caracas

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    By Deisy Buitrago CARACAS (Reuters) -Venezuela’s oil minister and top representatives of state-run company PDVSA on Friday signed contracts with U.S. oil firm Chevron Corp intended to help revive the …

  • Business News

    More than 1,000 New York Times union employees plan walkout over wages

    by Reuters December 2, 2022
    by Reuters December 2, 2022

    (Reuters) -More than 1,000 union employees at the New York Times Co have pledged to walk out if the news publisher does not agree to a “complete and equitable contract” …

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