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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Global central banks unite in ‘higher for longer’ credo

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    By Mark John (Reuters) – Central banks for the world’s biggest economies have served notice that they will keep interest rates as high as needed to tame inflation, even as …

  • Business News

    Rupert Murdoch steps down as chairman of Fox, News Corp

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    By Helen Coster, Aditya Soni and Dawn Chmielewski (Reuters) -Rupert Murdoch has stepped down as the chairman of Fox Corp and News Corp, ending a more than seven-decade career during …

  • Business News

    Shrinking German business activity points to Q3 contraction-PMI

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    BERLIN (Reuters) – German business activity fell for the third consecutive month in September due to a sustained decline in demand for goods and services, pointing to a “deep” economic …

  • Business News

    France’s services sector contracts sharply in September – flash PMI

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    PARIS (Reuters) – France’s dominant services sector contracted at an even sharper pace in September, a monthly survey showed on Friday, as falls in demand and new orders weighed on …

  • Business News

    EU trade chief seeks more balanced economic ties on China visit

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    BRUSSELS (Reuters) -Europe’s trade chief will push Beijing for fewer restrictions on European businesses on a four-day visit to China, when he can expect tough conversations over a planned EU …

  • Business News

    India says rising oil prices a concern, but economic outlook ‘bright’

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    NEW DELHI (Reuters) – Rising oil prices are a concern for the Indian economy but its outlook remains bright after better September monsoons and a retreat in the prices of …

  • Business News

    Strikes end at Chevron’s Australian LNG facilities

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    By Renju Jose and Lewis Jackson SYDNEY (Reuters) -An Australian union alliance on Friday called off strikes at Chevron’s two major local liquefied natural gas (LNG) projects, agreeing to resolve …

  • Business News

    British retail sales grow in August after washout in July

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    LONDON (Reuters) – British retail sales partially recovered in August after a rainy July washout, official figures showed on Friday, adding to signs that the country’s consumers were mostly coping …

  • Business News

    Turkey hikes rates to 30% to strengthen hawkish turn

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    By Daren Butler and Ece Toksabay ISTANBUL (Reuters) – Turkey’s central bank raised its key interest rate by a lofty 500 basis points to 30% on Thursday, marking a second …

  • Business News

    Striking Hollywood writers, studios to meet again Friday

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    LOS ANGELES (Reuters) -Negotiators for Hollywood’s major studios and striking film and television writers plan to meet again on Friday, the Writers Guild of America (WGA) said in a statement. …

  • Business News

    Analysis-A year after budget crisis, UK debt faces fresh pensions headwind

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    By Yoruk Bahceli and Carolyn Cohn LONDON (Reuters) – Britain’s pensions industry, Europe’s biggest, is posing a new challenge to the country’s 2 trillion pound ($2.5 trillion) government bond market …

  • Business News

    Europe’s currencies feel fresh pain as central bank support fades

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    By Naomi Rovnick and Dhara Ranasinghe LONDON(Reuters) -There’s no respite for struggling European currencies as a likely pause in central bank interest-rate rises and a weakening economic outlook puts the …

  • Business News

    Rupert Murdoch’s exit ends chapter for polarising figure in his native Australia

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    By Byron Kaye SYDNEY (Reuters) – For some Australians, Rupert Murdoch’s exit from the leadership of his media empire was a time to reflect on the country’s greatest business success …

  • Business News

    Hedge fund manager Bill Ackman sees U.S. long-term rates rising

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    (Reuters) – Billionaire investor Bill Ackman said he believed 30-year interest rates would rise further, while his Pershing Square Capital Management hedge fund remains short on bonds, as he sees …

  • Business News

    JPMorgan index inclusion shows confidence in Indian economy -India econ affairs secy

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    MUMBAI (Reuters) – India’s inclusion in the JPMorgan emerging market debt index shows their confidence in the Indian economy, the country’s economic affairs secretary Ajay Seth told reporters on Friday. …

  • Business News

    Japan business mood likely improved slightly in BOJ tankan: Reuters poll

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    By Leika Kihara TOKYO (Reuters) – A closely watched central bank survey is likely to show Japan’s business confidence improved slightly in the three months to September, according to a …

  • Business News

    Marketmind: Bank of Japan also holds policy and stays dovish

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    A look at the day ahead in European and global markets from Vidya Ranganathan, breaking news editor for finance & markets The odds the Bank of Japan would tweak its …

  • Business News

    Not much exciting about Aussie banks as high costs pressure earnings – Macquarie

    by Reuters September 22, 2023
    by Reuters September 22, 2023

    (Reuters) – Rising wage costs and higher investment spending by Australian banks pose headwinds that could potentially impact the sector’s earnings by up to 10% in the near term, analysts …

  • Business News

    Mexico urges against migrant-related US border closures hurting trade

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    MEXICO CITY (Reuters) -Mexico’s foreign ministry urged U.S. authorities on Thursday not to take “unilateral measures” complicating trade at the border with the United States, as some ports of entry …

  • Business News

    Australia fines lender NAB $1.4 million for wrongfully charging fees

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    (Reuters) -The Australian Federal Court has fined the country’s second-biggest lender National Australia Bank (NAB) <NAB.AX> a penalty of A$2.1 million ($1.4 million) for wrongfully charging customers periodic payment fees, …

  • Business News

    BOJ keeps ultra-low interest rates, dovish policy guidance

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    TOKYO (Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday and its dovish guidance on future monetary policy, signalling it is in no rush to phase out …

  • Business News

    Warner Bros to expand British studios’ production capacity by over 50%

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    By David Lawder (Reuters) -Warner Bros Discovery on Thursday said it planned to expand production capacity at its Leavesden studios near London by more than 50%, adding 10 new sound …

  • Business News

    Japan Finance Minister Suzuki: Won’t rule out any options on FX

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    TOKYO (Reuters) -Japan’s Finance Minister Shunichi Suzuki said on Friday he would not rule out any options on currencies as the dollar broke above 148 yen to the dollar, warning …

  • Business News

    Australia posts first budget surplus in 15 years as tax revenues soar

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    SYDNEY (Reuters) -Australia on Friday recorded a final budget surplus of A$22.1 billion ($14.2 billion) for the year to June 2023, five times earlier estimates, as strong jobs growth and …

  • Business News

    US firm AXT says China unit has initial export permits for key chipmaking metals

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    BEIJING (Reuters) – U.S. semiconductor wafer maker AXT Inc said its Chinese subsidiary Beijing Tongmei had received initial export permits for shipping gallium arsenide and germanium substrates – compounds key …

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