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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Tesla’s Full Self-Driving Beta now available to all in N. America, Musk says

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    (Reuters) – Tesla Inc’s Full Self-Driving Beta software is now available to everyone in North America, Elon Musk said early on Thursday, as the automaker awaits regulatory approval for its …

  • Business News

    Airbus says reached settlement with French prosecutor on Libya, Kazakhstan bribery probe

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    PARIS (Reuters) – Airbus has reached a settlement with the French financial prosecutor (PNF) concerning judicial investigations related to Libya and Kazakhstan, an Airbus spokesperson said on Thursday, confirming a …

  • Business News

    Manulife to outsource Canada real estate services to JLL, resulting in 50 job cuts

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Divya Rajagopal and Bhanvi Satija (Reuters) -Manulife Financial Corp will outsource its property operations in Canada to focus on its entrepreneurial investment management unit, Canada’s biggest life insurer said …

  • Business News

    Mexico core inflation higher than expected in early Nov, rate hikes to continue

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Gabriel Araujo MEXICO CITY (Reuters) – Mexico’s annual consumer prices slowed more than expected during the first half of November, but the core inflation index – which remains a …

  • Business News

    Dollar extends losses as Fed minutes signal slower rate hikes

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Samuel Indyk LONDON (Reuters) – The U.S. dollar extended losses on Thursday after the minutes from the Federal Reserve’s November meeting supported the view that the central bank would …

  • Business News

    Ghana at high risk of debt distress, finance minister says

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Ghana will freeze the hiring of public and civil servants and extend a moratorium on government car purchases and non-essential travel …

  • Business News

    Ireland’s Donohoe unopposed in bid for second term as Eurogroup Chief

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    DUBLIN (Reuters) – Irish Finance Minister Paschal Donohoe is on course to be elected president of the Eurogroup in December for the second time after the group of euro zone …

  • Business News

    EU preparing new Russia sanctions package, von der Leyen says

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Essi Lehto HELSINKI (Reuters) -The European Union is pressing ahead with a ninth sanctions package on Russia in response to Moscow’s attack on Ukraine, European Commission chief Ursula von …

  • Business News

    FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    (Reuters) -The U.S. Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp’s $69 billion takeover bid for video game publisher Activision Blizzard Inc, Politico …

  • Business News

    Dollar nears 3-mth low, shares climb after Fed tests the brakes

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Marc Jones LONDON (Reuters) – Shares hit a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve signals of smaller interest rate rises …

  • Business News

    Foxconn apologises for pay-related error at China iPhone plant after worker unrest

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Yimou Lee and Brenda Goh TAIPEI/SHANGHAI (Reuters) – Foxconn said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in China and …

  • Business News

    G7 to discuss Ukraine winter aid in Bucharest next week, Germany says

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    BERLIN (Reuters) – Foreign ministers from the Group of Seven (G7) will discuss how to further support Ukraine in ensuring its energy supply during a meeting in Bucharest next week, …

  • Business News

    Analysis-Slower Fed hikes spell relief from Tokyo to Buenos Aires

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Balazs Koranyi and Karin Strohecker FRANKFURT (Reuters) – The Federal Reserve’s signalling of a slowdown in the pace of U.S. interest rate hikes takes pressure off global peers to …

  • Business News

    ECB’s Schnabel pushes back on smaller rate hikes

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    LONDON (Reuters) – European Central Bank board member Isabel Schnabel pushed back on Thursday against calls from many of her colleagues for smaller interest rate increases by the ECB, saying …

  • Business News

    BoE won’t accept interference over interest payments to banks – Pill

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Andy Bruce and David Milliken LONDON (Reuters) -The Bank of England will not accept interference with the system of paying interest to banks from reserves issued by the central …

  • Business News

    EU to approve Hungary’s recovery plan, hold cash until conditions met

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Jan Strupczewski BRUSSELS (Reuters) -The European Commission is likely to approve next week Hungary’s post-pandemic recovery plan to keep open the possibility of EU disbursements later, but hold back …

  • Business News

    China banks pledge $162 billion in credit to developers, shares rally

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Xie Yu and Ziyi Tang HONG KONG/BEIJING (Reuters) – China’s biggest commercial banks have pledged at least $162 billion in fresh credit to property developers, bolstering recent regulatory measures …

  • Business News

    Euro area inflation likely near its peak, ECB’s De Guindos says

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    MILAN (Reuters) – Inflation in the euro area will hover around its current level over the next few months before starting to decline at some point during the first half …

  • Business News

    ECB accounts show inflation fears justifying more rate hikes

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    FRANKFURT (Reuters) – European Central Bank policymakers feared that inflation may be getting entrenched at their last policy gathering so rates would need to rise further, the accounts of the …

  • Business News

    Canada house prices to tumble 17.5% peak to trough, say analysts: Reuters Poll

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Indradip Ghosh BENGALURU (Reuters) – Once burning-hot Canadian house prices are expected to tumble a total 17.5% from their peak, roughly double the fall during the 2008-09 financial crisis, …

  • Business News

    China and India easing away from Russian crude oil may be temporary: Russell

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Clyde Russell LAUNCESTON, Australia (Reuters) -There are signs that China and India are pulling back from buying Russian crude oil ahead of the Group of Seven nations’ proposed price …

  • Business News

    Remy Cointreau cautiously optimistic on China amid lockdowns

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Dominique Vidalon PARIS (Reuters) -Shares in Remy Cointreau fell as much as 4% on Thursday after the French spirits maker said it was “cautiously optimistic” about the Chinese market …

  • Business News

    Swedish central bank raises policy rate, more needed to tame inflation

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    By Simon Johnson STOCKHOLM (Reuters) -Sweden’s central bank raised its key interest rate by three-quarters of a percentage point on Thursday to 2.5% and signalled further hikes next year to …

  • Business News

    China’s bank sector issued 2.64 trillion yuan in real estate development loans in Jan-Oct

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    BEIJING (Reuters) – China’s banking sector issued 2.64 trillion yuan ($369 billion) in real estate development loans and 4.84 trillion yuan in mortgage loans from January to October, China’s banking …

  • Business News

    Postal Savings Bank of China to provide $39 billion of property sector financing

    by Reuters November 24, 2022
    by Reuters November 24, 2022

    BEIJING (Reuters) – Postal Savings Bank of China has agreed to provide a total of 280 billion yuan ($39.17 billion) in financing to property companies including Vanke, Longfor and Country …

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