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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Bank of Russia open to relaxing curbs on non-residents transactions if sanctions eased

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    MOSCOW (Reuters) – Russia is open to relaxing restrictions on transactions by so-called unfriendly non-residents in exchange for the un-freezing of Russian assets abroad, its central bank said on Tuesday. …

  • Business News

    Brazil central govt posts primary budget surplus of $5.8 billion in October

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    BRASILIA (Reuters) – Brazil’s central government posted a primary budget surplus of 30.8 billion reais ($5.8 billion) in October, Treasury data showed on Tuesday, above the 25.7 billion reais surplus …

  • Business News

    Norway to postpone oil and gas licensing round

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    By Nora Buli and Nerijus Adomaitis OSLO (Reuters) -Norway will not issue licences for energy companies to explore for oil and gas in frontier areas during the life of the …

  • Business News

    U.S. judges leery of fired Amazon organizer’s race bias claims

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    By Daniel Wiessner (Reuters) – A U.S. appeals court on Tuesday seemed unlikely to revive claims that Amazon.com Inc fired New York warehouse worker Christian Smalls, a pivotal figure in …

  • Business News

    Credit Suisse rights sell-off spells worst year for its shares

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    By Danilo Masoni MILAN (Reuters) – Credit Suisse shares slid below 3 Swiss francs on Tuesday as investors dumped rights to subscribe to new shares in a cash call aimed …

  • Business News

    Europe’s STOXX 600 closes slightly lower; focus on euro zone inflation data

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    By Susan Mathew and Devik Jain (Reuters) – Europe’s STOXX 600 index slipped in cautious trading on Tuesday as a fall in technology and chemicals stocks offset a rally in …

  • Business News

    Renault, Nissan clear calendar for potential Dec deal -sources

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    By Maki Shiraki, Gilles Guillaume and Norihiko Shirouzu TOKYO/PARIS/BEIJING (Reuters) – Renault and Nissan have readied plans to announce a potential deal on a restructured alliance as early as next …

  • Business News

    FHFA raises 2023 conforming loan limits on Fannie Mae, Freddie Mac mortgages

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    WASHINGTON (Reuters) – The U.S. Federal Housing Finance Agency (FHFA) said on Tuesday the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac …

  • Business News

    Pakistan’s November CPI expected to decline marginally – finance ministry

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    By Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s November CPI is expected to decline marginally and may remain in the range of 23%-25%, the country’s finance ministry said in its monthly outlook …

  • Business News

    Spain to raise 2 billion euros less from bank, energy taxes, De Cos says

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    By Jesús Aguado MADRID (Reuters) -The Bank of Spain estimates the government will raise a combined 5 billion euros ($5.2 billion) by 2024 from its proposed taxes on Spanish banks …

  • Business News

    Tesla market share could be dented by cheaper rival EVs – S&P Global Mobility

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    (Reuters) – Tesla Inc may be losing its tight grip on the electric car market, as rivals try to chip away at its market share with cheaper options. With electric …

  • Business News

    Volkswagen in talks with Foxconn over plant for Scout vehicles – Automobilwoche

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    BERLIN (Reuters) – Volkswagen is in talks with Taiwan’s Foxconn about a partnership to build vehicles for the Scout brand, German autos publication Automobilwoche reported on Tuesday, citing Volkswagen company …

  • Business News

    Pakistan seeks support from Bank of China to bring back macroeconomic stability – ministry

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    ISLAMABAD (Reuters) – Pakistan has sought support from the Bank of China to bring back macroeconomic stability, the South Asian country’s finance ministry said on Tuesday. Pakistan’s finance minister Ishaq …

  • Business News

    Ryanair will be lucky to get 40 new Boeing jets by June – CEO

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    DUBLIN (Reuters) – Ryanair will be lucky to receive 40 Boeing 737 MAX aircraft by the end of June from the 51 due for delivery, Chief Executive Michael O’Leary said …

  • Business News

    Airbus CEO says partners converging towards FCAS fighter deal

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    BRUSSELS (Reuters) – The head of European planemaker Airbus said on Tuesday partners in a future European fighter were converging towards contractual agreements on the next phase of the Franco-German-Spanish …

  • Business News

    J.P.Morgan warns of more pain for UK, sees GDP decline next year

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    (Reuters) – J.P.Morgan said on Tuesday it expects a contraction in the UK’s economy next year as it enters a lengthy period of stagnation in the face of soaring gas …

  • Business News

    Indonesia plans to subsidise EV sales next year

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    JAKARTA (Reuters) – Indonesia plans to subsidise sales of electric cars and motorbikes starting next year so that they become more affordable, a senior government minister said on Tuesday. Coordinating …

  • Business News

    Eni’s Italian car sharing service goes electric

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    MILAN (Reuters) – Eni is adding electric vehicles to its car sharing service in Italy’s biggest cities as it deepens its partnership with automaker XEV, the energy group said on …

  • Business News

    Ferrari pauses new Purosangue orders amid strong demand – media

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    MILAN (Reuters) – Ferrari has temporarily stopped taking orders for its Purosangue SUV as high demand has sent waiting lists for some customers to around two years, Chief Marketing and …

  • Business News

    Gulfstream working with FAA to address soot on some private jets

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    By Allison Lampert (Reuters) – General Dynamics Corp’s Gulfstream Aerospace has notified owners of its G500 and G600 jets and the Federal Aviation Administration that it has discovered soot at …

  • Business News

    U.S. house annual prices slow again in September

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    WASHINGTON (Reuters) – U.S. single-family home prices slowed further in September as higher mortgage rates eroded demand, closely watched surveys showed on Tuesday. The S&P CoreLogic Case Shiller national home …

  • Business News

    German inflation eased in November but too soon for ‘all-clear’

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    By Miranda Murray and Balazs Koranyi BERLIN (Reuters) – Germany’s inflation cooled slightly in November, but remained near a record high, suggesting that while cost pressures have eased in Europe’s …

  • Business News

    Behind Foxconn’s China woes: mistrust, miscommunication, COVID curbs

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    By Yew Lun Tian, Yimou Lee and Brenda Goh SHANGHAI/TAIPEI (Reuters) – When officials from his Chinese village approached Hou last month, urging him to work at the world’s largest …

  • Breaking NewsBusiness NewsCentral Jersey NewsCommunity NewsNew Jersey NewsOcean County News

    New Italian speciality store has Berkeley Township residents excited

    by Phil Stilton November 29, 2022
    by Phil Stilton November 29, 2022

    BERKELEY TOWNSHIP, NJ – If you’re Italian and living at the Jersey Shore, you know that finding a good, authentic Italian specialty store is hard to come by. We have …

  • Business News

    Bombardier secures order for Global 8000 aircraft from NetJets

    by Reuters November 29, 2022
    by Reuters November 29, 2022

    (Reuters) -Canada’s Bombardier Inc said on Tuesday that NetJets, operator of the world’s largest fleet of private jets, will buy four Global 8000 business jets from the planemaker in a …

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