Breaking Business news from across New Jersey.
(Reuters) -Britain’s competition regulator said on Monday it was looking into whether U.S. chipmaker Broadcom Inc’s $61 billion acquisition of cloud computing company VMware Inc may substantially lessen competition. The …
By Raghav Mahobe (Reuters) -Merck & Co Inc said on Monday it will acquire cancer drug developer Imago BioSciences Inc for a total equity value of $1.35 billion to expand …
By Svea Herbst-Bayliss NEW YORK (Reuters) -Hestia Capital Partners LP, which scored big gains on its GameStop bet, is pushing shipping and mailing company Pitney Bowes Inc to re-evaluate its …
LONDON (Reuters) -JP Morgan remains the world’s most systemically important bank according to the latest rankings from the G20’s Financial Stability Board published on Monday. The FSB began the annual …
BUDAPEST (Reuters) -Commercial banks in Hungary cannot pay an interest rate higher than the three-month discount bill yield on deposits by certain large institutional and private investors, the Minister for …
By Sarah Young LONDON (Reuters) -The outlook for airlines has darkened as the post-pandemic boom in travel wears off and recession looms, with carriers focused on Britain particularly exposed, industry …
By Michael S. Derby NEW YORK (Reuters) – Americans’ ability to meet a large unexpected expense was little changed in the New York Federal Reserve’s latest survey on credit issues, …
(Reuters) – Cargill Inc said on Monday Brian Sikes will takeover as the global commodities trader’s new president and chief executive officer on January 1. Sikes will succeed Dave MacLennan, …
JERUSALEM (Reuters) – The Bank of Israel is still in the process of front-loading interest rates and will likely raise rates to above 3.5%, Deputy Governor Andrew Abir said on …
By Lisa Pauline Mattackal and Divya Chowdhury (Reuters) – Investors are increasingly eyeing U.S. corporate credit offering attractive valuations and yields after steep declines in 2022, fund managers told the …
ANKARA (Reuters) – Turkish President Tayyip Erdogan said he will hold discussions at the next cabinet meeting on adopting heavier measures for supermarkets and stores that charge excessive prices for …
TUNIS (Reuters) – Higher energy prices have “materially improved” the Algerian economy’s near-term outlook, the International Monetary Fund (IMF) said on Monday, adding that fiscal rebalancing is still needed to …
BEIJING (Reuters) – The Chinese central bank will provide 200 billion yuan ($27.92 billion) in loans to six commercial banks for housing completions, deputy central bank governor Pan Gongsheng was …
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said Monday that he was considering “alternatives” for the country’s central bank deputy governor Gerardo Esquivel, who lost a bid …
BAKU (Reuters) – Azerbaijan’s GDP will reach a record 130 billion manat ($76.5 billion) by the end of 2022, President Ilham Aliyev said on Monday. Fuelled by high energy prices, …
(Reuters) – Bob Iger is returning as Walt Disney Co’s chief executive officer in a bid to restore confidence in the entertainment giant and chart a faster path to profitability …
BEIRUT (Reuters) -The World Food Programme has agreed to allocate $5.4 billion in aid for Lebanon over the next three years, Lebanese caretaker Prime Minister Najib Mikati said, as the …
DAKAR (Reuters) – The International Monetary Fund (IMF) said on Monday it would disburse $200 million to Democratic Republic of Congo for balance-of-payment support, pending executive board approval in December. …
CAIRO (Reuters) – Egypt’s central bank is transferring the administration and costs of its main subsidised loan programmes to the ministry of finance, according to a circular published on its …
BENGALURU (Reuters) – India’s central bank has allowed HDFC Bank Ltd and Canara Bank Ltd to open a special “vostro account” for trade in rupees with Russia, local newspaper Business …
PRAGUE (Reuters) – Czech central bank Vice-Governor Marek Mora said on Monday he would favour using interest rates as the primary monetary policy tool to fight high inflation instead of …
ZURICH (Reuters) – Nestle’s Nespresso coffee business is launching paper-based compostable capsules to attract customers put off by the Swiss packaged food giant’s metal ones, which despite being recyclable often …
FRANKFURT (Reuters) – Germany’s Merck KGaA on Monday said it aims to double the productivity of its research and development into oncology, neurology and immunology treatments. As part of the …
By Caroline Pailliez PARIS (Reuters) – The French government plans to rein in unemployment benefits when the jobless rate is less than 9% under a plan presented on Monday that …
By Chiara Elisei (Reuters) -Default rates on U.S. leveraged loans will hit a near-record high of 11.3% in 2024, while defaults on euro leveraged loans will hit 7.1%, as the …