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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Mexican president says economy should grow at least 3.5% through 2024

    by Reuters November 27, 2022
    by Reuters November 27, 2022

    MEXICO CITY (Reuters) -Mexico’s economy should grow 3.5% over 2022, 2023 and 2024, President Andres Manuel Lopez Obrador said on Sunday in a speech to a massive crowd gathered in …

  • Business News

    Citi Mexico suitor Mifel enlists Apollo, ADIA to fund bid -sources

    by Reuters November 27, 2022
    by Reuters November 27, 2022

    By Pablo Mayo Cerqueiro and David French LONDON/NEW YORK (Reuters) – Mexico’s Banca Mifel has lined up investors including Apollo Global Management and the Abu Dhabi Investment Authority (ADIA) to …

  • Business News

    Few Credit Suisse clients have closed accounts – CEO of the bank’s Swiss unit

    by Reuters November 27, 2022
    by Reuters November 27, 2022

    ZURICH (Reuters) – The head of Credit Suisse’s Swiss unit said “some customers have withdrawn some of their money, but very few have actually closed their accounts.” Last week, Switzerland’s …

  • Business News

    Twitter CEO Musk says user signups at all-time high, touts features of “everything app”

    by Reuters November 27, 2022
    by Reuters November 27, 2022

    (Reuters) – Twitter Inc Chief Executive Elon Musk says new user signups to the social media platform are at an “all-time high”, as he struggles with a mass exodus of …

  • Business News

    Cuba wins China debt relief, new funds

    by Reuters November 27, 2022
    by Reuters November 27, 2022

    By Marc Frank HAVANA (Reuters) – China has agreed to restructure Cuban debt and provide new trade and investment credits to the beleaguered Caribbean Island nation after a meeting in …

  • Business News

    France’s Le Maire: We went too far in use of consulting firms

    by Reuters November 27, 2022
    by Reuters November 27, 2022

    PARIS (Reuters) – The French government made excessive use of consultancy firms in the past and is now striving to correct that, Finance Minister Bruno Le Maire said on Sunday. …

  • Business News

    France’s Le Maire: Europe must defend its economic interests against U.S. subsidy package

    by Reuters November 27, 2022
    by Reuters November 27, 2022

    PARIS (Reuters) – France may try to negotiate some exemptions from the duties and limits imposed by the U.S. anti-inflation act but Europe must act to protect the bloc’s economic …

  • Business News

    Airbus may delay some 2023 jet deliveries: sources

    by Reuters November 27, 2022
    by Reuters November 27, 2022

    By Tim Hepher PARIS (Reuters) – Airbus is preparing the ground for further delays to planned delivery dates of some medium-haul aircraft in 2023 even as it races to meet …

  • Business News

    Credit Agricole is weighing foray into German car-sharing: media report

    by Reuters November 27, 2022
    by Reuters November 27, 2022

    FRANKFURT (Reuters) – French bank Credit Agricole is weighing plans to offer car-sharing financial services in Germany because the growing market offers opportunities to challenge incumbent players, an executive told …

  • Business News

    ECB’s Makhlouf sees smaller interest rate hikes in 2023, if needed

    by Reuters November 27, 2022
    by Reuters November 27, 2022

    DUBLIN (Reuters) – The European Central Bank will likely increase interest rates by smaller increments next year if further hikes are needed, governing council member Gabriel Makhlouf was quoted as …

  • Business News

    BOJ to conduct annual survey on climate finance to nurture ESG market

    by Reuters November 27, 2022
    by Reuters November 27, 2022

    By Leika Kihara TOKYO (Reuters) – Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said on Sunday the central bank will conduct a survey annually of financial institutions and companies, …

  • Business News

    Chevron can resume key role in Venezuela’s oil output, exports

    by Reuters November 26, 2022
    by Reuters November 26, 2022

    By Daphne Psaledakis and Marianna Parraga WASHINGTON/HOUSTON (Reuters) -Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring …

  • Business News

    U.S. Black Friday online sales hit record $9 billion despite high inflation- Adobe Analytics

    by Reuters November 26, 2022
    by Reuters November 26, 2022

    (Reuters) -U.S. shoppers spent a record $9.12 billion online this Black Friday, a report showed on Saturday, as consumers weathered the squeeze from high inflation and grabbed steep discounts on …

  • Business News

    Bolivia’s key farming hub ends strike as lawmakers back census

    by Reuters November 26, 2022
    by Reuters November 26, 2022

    LA PAZ (Reuters) – A 36-day general strike in Bolivia’s key farming region of Santa Cruz came to an end on Saturday, as lawmakers approved a guarantee to hold a …

  • Business News

    Ukraine wants lower cap on Russian oil, at $30-$40 per barrel

    by Reuters November 26, 2022
    by Reuters November 26, 2022

    (Reuters) – The price for Russian seaborne oil should be capped at between $30 and $40 per barrel, lower than the level that Group of Seven nations have proposed, Ukrainian …

  • Business News

    India’s first private rocket company looks to slash satellite costs

    by Reuters November 26, 2022
    by Reuters November 26, 2022

    By Nivedita Bhattacharjee BENGALURU (Reuters) – The startup behind India’s first private space launch plans to put a satellite into orbit in 2023 and expects to be able to do …

  • Business News

    Italy PM tasks top aide with broadband strategy as bid for TIM grid falters

    by Reuters November 26, 2022
    by Reuters November 26, 2022

    By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Italian Prime Minister Giorgia Meloni has given one of her top aides powers to oversee Rome’s strategy on ultra-fast broadband networks as …

  • Business News

    Macau’s 6 casino operators get new licences, Malaysia’s Genting out

    by Reuters November 26, 2022
    by Reuters November 26, 2022

    (Reuters) -Macau’s government said on Saturday its six incumbent casino operators would be given new licences to operate in the world’s biggest gambling hub from January, with Malaysian operator Genting …

  • Business News

    News Corp shareholder T Rowe Price raises concerns over Fox merger – NYT

    by Reuters November 25, 2022
    by Reuters November 25, 2022

    (Reuters) -T. Rowe Price, a major shareholder in News Corp, said it had strong reservations about Rupert Murdoch’s plan to reunite News Corp and Fox Corp, The New York Times …

  • Business NewsFeatured News

    Black Friday online sales to hit record despite high inflation -Adobe Analytics

    by Reuters November 25, 2022
    by Reuters November 25, 2022

    (Reuters) -U.S. online spending is expected to set a record for Black Friday, according to Adobe Analytics, as steep discounts lured consumers against the backdrop of high inflation, kicking off …

  • Business News

    Foxconn unrest risks iPhone shipments, weighs on Apple shares

    by Reuters November 25, 2022
    by Reuters November 25, 2022

    By Yimou Lee TAIPEI (Reuters) – Foxconn’s flagship iPhone plant in China is set to see a further reduction in November shipments after the latest bout of worker unrest this …

  • Breaking NewsBusiness News

    Many shoppers can’t find Apple’s latest iPhones on Black Friday

    by Reuters November 25, 2022
    by Reuters November 25, 2022

    By Hilary Russ and Siddharth Cavale BETHESDA, Md./NEW YORK (Reuters) – Many shoppers looking for Apple’s latest high-end phones returned empty handed from its stores this Black Friday as the …

  • Breaking NewsBusiness NewsFeatured News

    Thin Black Friday crowds mark U.S. holiday shopping kickoff

    by Reuters November 25, 2022
    by Reuters November 25, 2022

    By Arriana McLymore and Doyinsola Oladipo (Reuters) – Thin crowds of inflation-weary consumers hunted for Black Friday deals at stores in big cities including New York, Los Angeles, Chicago and …

  • Business News

    Louis Vuitton picks Shanghai for first furniture and homewares store

    by Reuters November 25, 2022
    by Reuters November 25, 2022

    By Casey Hall SHANGHAI (Reuters) – Louis Vuitton on Friday announced plans to open a dedicated furniture and homewares store in Shanghai, a world first for the French luxury brand …

  • Business News

    Nasdaq ends down as investors eye Black Friday sales, China infections

    by Reuters November 25, 2022
    by Reuters November 25, 2022

    By Carolina Mandl and Ankika Biswas (Reuters) – The Nasdaq closed lower on Friday with pressure from Apple Inc in a subdued holiday-shortened trading session for Wall Street, as investors …

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