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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Indian states seek greater fiscal space from federal government

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

    By Nikunj Ohri NEW DELHI (Reuters) – Indian states asked the federal finance ministry for greater budgetary autonomy and fiscal space, officials said after a budget consultation meeting in New …

  • Business News

    Mexican economy grows 0.7 pct in September from August

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

    MEXICO CITY, Nov 25 (Reuters) – Mexico’s economy grew 0.7 percent in September from August and expanded 5.2 percent from September of 2021, the national statistics agency said on Friday. …

  • Business News

    Swedish central bank’s Floden says economy heading for soft landing

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

    STOCKHOLM (Reuters) – Sweden’s economy will slow sharply next year, but the central banks still expects the landing to be relatively soft, Deputy Governor Martin Floden said on Friday. “The …

  • Business News

    Wall Street gives thanks, eyes year-end whoosh: McGeever

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

    By Jamie McGeever ORLANDO, Fla. (Reuters) -As Wall Street reopens after the Thanksgiving holiday, investors are looking for one final push to ensure 2022 ends up being merely grim rather …

  • Business News

    China frees up $70 billion for banks to underpin slowing economy

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

    By Ellen Zhang and Kevin Yao BEIJING (Reuters) -China said on Friday it would cut the amount of cash that banks must hold as reserves for the second time this …

  • Business News

    German budget for 2024 will be more challenging than for 2023 – Finance Minister

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

    BERLIN (Reuters) – Germany’s budget margins will get tighter in the next couple of years, Finance Minister Christian Lindner said on Friday. “The 2024 budget will be incomparably more challenging …

  • Business News

    Russia’s justice ministry adds Meta to ‘extremist’ list – Kommersant

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

    (Reuters) – Russia’s justice ministry added Facebook-owner Meta Platforms to its register of extremist organisations on Friday, the Kommersant newspaper reported. A Russian court earlier this year ruled Meta had …

  • Business News

    South Korea president warns of crackdown as trucker strike enters second day

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

    By Ju-min Park and Heekyong Yang SEOUL (Reuters) -South Korean President Yoon Suk-yeol warned the government might step in to break up a nationwide strike by truckers, describing it as …

  • Business News

    Russian court upholds $33 million fine against Google

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

    (Reuters) – An arbitration court in Moscow has upheld a 2-billion rouble ($33 million) fine against Google issued by Russia’s federal anti-monopoly service over the company’s decision to block some …

  • Business News

    Pause in Polish interest rate hikes will continue, says c.banker Dabrowski

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

    WARSAW (Reuters) – The current level of Polish interest rates is having a positive impact on the economy and the Monetary Policy Council’s (MPC) pause in policy tightening will continue, …

  • Business News

    Netherlands in talks with U.S. on China chip policy – Dutch trade minister

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

    AMSTERDAM (Reuters) – Dutch trade minister Liesje Schreinemacher said on Friday the Netherlands is in talks with the U.S. government about new export restrictions for semiconductor equipment to China. Under …

  • Business News

    Women sue Deutsche Bank, JPMorgan over Epstein ties

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

    (Reuters) – Women who have accused Jeffrey Epstein of sexual abuse filed lawsuits against Deutsche Bank AG and JPMorgan Chase & Co on Thursday, alleging the banks financially benefited from …

  • Business News

    India forms panel to revamp only govt job guarantee scheme – source

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

    By Shivangi Acharya NEW DELHI (Reuters) – India’s federal rural development ministry has formed a panel to revamp its only job guarantee scheme in the hope of directing more work …

  • Business News

    Japan proposes expanding tax-free investment scheme for savers

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

    By Tetsushi Kajimoto TOKYO (Reuters) – Japanese government on Friday called for doubling a tax-free stock investment programme for households, to encourage savers to put more money in riskier assets …

  • Business News

    Marketmind: Gloomy enough?

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

    A look at the day ahead in U.S. and global markets from Mike Dolan. As Americans digest turkey feasts and head to the shops, they may also give thanks that …

  • Business News

    Germany’s Scholz ‘surprised’ by companies’ China dependence

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

    BERLIN (Reuters) – German Chancellor Olaf Scholz said the number of German companies that have ignored the risks of depending too heavily on the Chinese market was remarkable and stressed …

  • Business News

    Shares set for weekly gain, Treasury yields fall as investor optimism continues

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

    By Kevin Buckland TOKYO (Reuters) – European stocks were on track for a sixth successive week of gains on Friday and government bond yields globally traded near multi-week lows as …

  • Business News

    Hyundai Motor and SK On to build $1.9 billion JV battery plant in U.S. -report

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

    SEOUL (Reuters) – South Korea’s Hyundai Motor Co and SK On plan to invest about 2.5 trillion won ($1.88 billion) to build a new joint venture battery factory in the …

  • Business News

    Spain energy tax to raise 400 million euros less than expected, minister says

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

    MADRID (Reuters) – The Spanish government will collect 400 million euros ($416 million) less than expected from the revised windfall tax bill on energy companies passed by the lower house …

  • Business News

    Deutsche Bank warns of peril in borrowing from U.S. banks

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

    By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Germany’s Deutsche Bank has a stark warning to European companies borrowing from U.S. lenders: They will drop you when times get …

  • Business News

    Rapidly ageing China rolls out private pension scheme in 36 cities

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

    SHANGHAI (Reuters) -China launched its first private pension scheme in 36 cities on Friday as it grapples with a rapidly ageing population, allowing individuals to open retirement accounts at banks …

  • Business News

    Germany must step up competition to become green economy leader – EconMin

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

    BERLIN (Reuters) – The world’s largest economic powers are going to compete over who will be able to create a lead market for a climate-neutral and green industry, said German …

  • Business News

    J.P.Morgan sees global bond yields dipping in 2023

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

    (Reuters) – Global bond yields will likely fall slightly in 2023 as the balance between demand and supply will improve by $1 trillion, strategists at J.P. Morgan said in a …

  • Business News

    Bank of China agrees to provide credit lines totaling more than 600 billion yuan to 10 property developers

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

    BEIJING (Reuters) – Bank of China Ltd announced Friday that it had agreed to provide credit lines totaling more than 600 billion yuan ($83.8 billion) to 10 property developers, including …

  • Business News

    Exclusive-China central bank to offer cheap loans to support developers’ bonds-sources

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

    By Julie Zhu and Engen Tham HONG KONG/SHANGHAI (Reuters) -China’s central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct …

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