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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Brazil to allow credit fintechs to initiate payment transactions

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

    BRASILIA (Reuters) -Brazil’s National Monetary Council on Friday decided to allow credit fintechs to initiate payment transactions, the central bank said, a move that will in practice clear them to …

  • Business News

    Crypto lender Genesis subject of probe by regulators – Barron’s

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

    (Reuters) – State securities regulators are investigating Genesis Global Capital as part of a wide-ranging inquiry into the interconnectedness of crypto firms, Barron’s reported on Friday citing a comment from …

  • Business News

    Analysis-Egypt not out of the woods after IMF rescue deal

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

    By Patrick Werr and Marc Jones CAIRO/LONDON (Reuters) – Egypt’s finances remain in a precarious state despite two major currency devaluations this year and a brand new $3 billion International …

  • Business News

    Ahead of November FOMC, big banks saw 4.875% peak Fed rate target

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

    By Michael S. Derby (Reuters) – Wall Street’s biggest banks told the Federal Reserve ahead of its November policy meeting that they had increased their estimation of how far the …

  • Business News

    Elon Musk says Twitter’s verified service with colors to start next week

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

    (Reuters) -Twitter Inc is planning to roll out its verified service next Friday with different colored checks for individuals, companies and governments, after a botched initial launch led to a …

  • Business News

    Italy state railway adds 300-euro bonus to help staff with cost of living

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

    MILAN (Reuters) – Italy’s state railways company Ferrovie dello Stato said on Friday it will grant its staff a 300 euro additional bonus this year under a scheme approved by …

  • Business News

    Amazon settlement with EU antitrust regulators possible by year end -sources

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

    By Foo Yun Chee BRUSSELS (Reuters) -U.S. online retail giant Amazon may be able to end two EU antitrust investigations by the end of the year after tweaking concessions to …

  • Business News

    Ivory Coast completes second shipping container terminal

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

    By Loucoumane Coulibaly ABIDJAN (Reuters) – Ivory Coast has completed construction of a second container terminal at its main port in Abidjan, paving the way for it to become a …

  • Business News

    Muted Black Friday for U.S. retail stocks as holiday shopping kicks off

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

    By David Randall NEW YORK (Reuters) -U.S. retail stocks held steady on Friday as investors watched holiday spending to gauge consumer confidence at a time when inflation and rising interest …

  • Business News

    Dollar edges up in range-bound holiday markets

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

    By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar edged higher across the board on Friday in a quiet session following the U.S. Thanksgiving holiday but remained near multi-month …

  • Business News

    Nasdaq falls and dollar rises on investor caution

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

    By SinĂ©ad Carew and Alun John NEW YORK/LONDON (Reuters) – The Nasdaq closed Friday’s shorter session lower with pressure from Apple Inc, while the dollar gained as investors shied away …

  • Business News

    Decision on North American auto rules dispute ‘imminent’, Canada says

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

    MEXICO CITY (Reuters) – A decision should be made very soon on a dispute pitting Canada and Mexico against the United States on the interpretation of regional trade rules in …

  • Business News

    Oil prices fall 2% as Chinese demand worries linger

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

    By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell 2% on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western …

  • Business News

    SoftBank-backed Kavak lays off staff, makes ‘significant’ cuts -internal email

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

    By Valentine Hilaire MEXICO CITY (Reuters) – Mexican online used-car dealership Kavak has made significant spending cuts and laid off staff as it prepares for a challenging 2023, according to …

  • Business News

    Shares of Nike and Adidas could score at the World Cup

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

    By Noel Randewich (Reuters) -As 32 teams compete for the World Cup in Qatar, Adidas and Nike also hope their shares can score. With FIFA projecting at least 5 billion …

  • Business News

    Colombia attorney general investigating failed public offer for Nutresa shares

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

    BOGOTA (Reuters) – Colombia’s attorney general opened an investigation into a failed public offer for shares of the country’s largest food processor Nutresa, the attorney general’s office reported Thursday evening. …

  • Business News

    Brazil’s Lula to prioritize tax reform early in govt, aide says

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

    SAO PAULO (Reuters) -Brazil President-elect Luiz Inacio Lula da Silva will give “full priority” to kicking off tax reform early in his administration, close aide and former Sao Paulo mayor …

  • Business News

    Brazil’s federal public debt rises in October due to interest payments

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

    BRASILIA (Reuters) -Brazil’s federal public debt increased in October after three consecutive months of decline, official data showed on Friday, driven by debt interest payments. The stock of federal public …

  • Business News

    Leonardo, Iveco win Brazil order worth up to 2 billion euros, Italy’s defence minister says

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

    MILAN (Reuters) -A consortium of defence group Leonardo and commercial vehicle maker Iveco has won an order to supply Brazil’s army with 220 armoured vehicles worth up to 2 billion …

  • Business News

    Euro zone bailout fund gets new head from Luxembourg

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

    BERLIN/BRUSSELS (Reuters) -Luxembourg’s former finance minister Pierre Gramegna will take over the euro zone’s bailout fund, the European Stability Mechanism (ESM), from December, succeeding Germany’s Klaus Regling who retired last …

  • Business News

    Cost-of-living crisis casts shadow over Europe’s Black Friday

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

    By James Davey LONDON (Reuters) – Europe’s retailers are hoping Black Friday discount day will get shoppers spending, though it is taking place against a backdrop of a worsening cost-of-living …

  • Business News

    France’s CMA CGM sees profits ebbing as shipping boom fades

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

    PARIS (Reuters) -CMA CGM said it expects a pullback in shipping markets to accelerate in the fourth quarter due to high energy prices and flagging consumer spending, and this will …

  • Business News

    Neuberger Berman gets Chinese regulatory nod to conduct mutual fund business

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

    BEIJING (Reuters) -U.S. asset manager Neuberger Berman’s Chinese unit said on Friday it had been granted a license by the Chinese securities regulator to conduct mutual fund business. The announcement …

  • Business News

    Europe’s STOXX 600 logs sixth straight week of gains

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

    By Sruthi Shankar and Devik Jain (Reuters) -Europe’s STOXX 600 index closed flat on Friday, for its sixth straight weekly gain, as hopes of slowing interest rate hikes offset a …

  • Business News

    Benettons, Blackstone reach more than 95% of Atlantia after bid – Reuters calculations

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

    MILAN (Reuters) – A buyout offer launched by the Benetton family and U.S. investment fund Blackstone for Italy’s Atlantia has breached the 95% threshold, Reuters calculations showed, allowing the bidders …

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