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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Marketmind: Fed leaves shoe dangling in policy parade

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    A look at the day ahead in U.S. and global markets by Mike Dolan Central banks line up across the world on Thursday to deliver updated policy settings but global …

  • Business News

    Analysis-Canada’s losing productivity streak adds to inflation problem

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    By Fergal Smith and Steve Scherer TORONTO (Reuters) – Canada’s record of declining productivity over the past three years is likely to make it more difficult for the Bank of …

  • Business News

    Norway raises rate to 4.25%, likely to hike again in Dec

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    By Terje Solsvik OSLO (Reuters) -Norway’s central bank raised its benchmark interest rate by 25 basis points (bps) to 4.25% on Thursday to curb inflation, as widely predicted, and, in …

  • Breaking NewsBusiness NewsCommunity NewsNew Jersey NewsOcean County News

    Waterfront Luxury Home in Mantoloking Has Much to Offer for $3.7 Million

    by Erica Schmidt September 21, 2023
    by Erica Schmidt September 21, 2023

    BRICK, NJ – A stunning waterfront property at 192 Squan Beach Dr, Mantoloking, NJ 08738, boasting 4 bedrooms, over 5.5 bathrooms, and a spacious 4,438 square feet of living space, …

  • Business News

    Analysis-China’s economic woes embolden calls for deeper reforms

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    By Kevin Yao BEIJING (Reuters) -China’s economic slowdown is polarising government advisers over the best way forward, with advocates of structural reforms now emerging from the shadows in a challenge …

  • Business News

    Indonesia central bank holds rates, keeps focus on rupiah

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s central bank left interest rates unchanged for an eighth straight month on Thursday, keeping its focus on making sure the …

  • Breaking NewsBusiness NewsCommunity NewsNew Jersey NewsOcean County News

    Stunning $3.6 Million Oceanfront Home in Seaside Park, NJ Offers Luxury Living

    by Erica Schmidt September 21, 2023
    by Erica Schmidt September 21, 2023

    SEASIDE PARK, NJ – Nestled along the picturesque coastline of Seaside Park, a magnificent oceanfront home has captured the attention of luxury home enthusiasts. Priced at $3,595,000, this exquisite property …

  • Business News

    Bank of England on brink of rate hike pause after inflation surprise

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    By William Schomberg LONDON (Reuters) – The Bank of England will announce on Thursday whether it is halting a run of interest rate hikes that stretches back to December 2021, …

  • Business News

    Swedish central bank tightens policy, says it may need to do more

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    By Simon Johnson and Niklas Pollard STOCKHOLM (Reuters) -Sweden’s central bank raised its key policy rate by a quarter percentage point to 4.00%, as expected, on Thursday and said it …

  • Business News

    Instant View: SNB leaves rates unchanged, Sweden and Norway hike again

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    LONDON (Reuters) – In a big day for central banks across Europe on Thursday, Switzerland shocked markets by leaving its interest rates unchanged, while Sweden and Norway met expectations with …

  • Business News

    UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    HONG KONG (Reuters) – UBS has cut around 70% of the Hong Kong-based staff headcount at Credit Suisse’s securities research unit, two sources with direct knowledge of the matter said, …

  • Business News

    Philippine cbank keeps rates steady but sends hawkish signal

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    By Neil Jerome Morales and Mikhail Flores MANILA (Reuters) – The Philippine central bank kept its key interest rate steady at 6.25% on Thursday, as expected, but signaled its readiness …

  • Business News

    Exclusive-Unilever launches new bid to sell Q Tips and other brands-sources

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    By Abigail Summerville (Reuters) – Unilever Plc has hired investment banks Morgan Stanley and Evercore Inc to sell a basket of non-core beauty and personal care brands that include Q-Tips …

  • Business News

    Thai cabinet to consider debt suspension, handout programme next week – Dep Finance Minister

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    BANGKOK (Reuters) – Thailand’s cabinet will consider next week a debt suspension plan for farmers and how to implement a digital wallet handout scheme, a deputy minister said on Thursday. …

  • Business News

    China approves export licences for chip materials gallium, germanium

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    BEIJING (Reuters) -Some Chinese companies have obtained export licences for gallium and germanium products, the commerce ministry said on Thursday, after Beijing set new conditions on exports from Aug. 1. …

  • Business News

    ECB’s Nagel says inflation not falling at desired pace

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    FRANKFURT (Reuters) – Inflation in the euro zone is not falling “at the desired pace” and it is therefore too early to say whether or not the European Central Bank …

  • Business News

    Thailand’s weakening baht not all bad for economy – PM

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    BANGKOK (Reuters) – Thailand’s central bank is monitoring the weak baht, which is not entirely bad for the economy and could help the key export and tourism sectors, the prime …

  • Business News

    China, EU to hold high-level economic and trade dialogue in Beijing

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    BEIJING (Reuters) – The 10th China-EU High-Level Economic and Trade Dialogue will be held in Beijing on Sept. 25, the Chinese commerce ministry said on Thursday. (Reporting by Beijing Newsroom; …

  • Business News

    Qantas chairman refuses to quit amid investor pressure – ABC News

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    (Reuters) – Australia’s Qantas Airways’ chairman has refused to step down even as investors continued to demand his resignation amid a slew of scandals that have affected the carrier, ABC …

  • Business News

    UK borrowing shows limited room for pre-election tax cuts

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    LONDON (Reuters) -Britain increased its public borrowing in the first five months of the tax year, according to data published on Thursday, and finance minister Jeremy Hunt looks likely to …

  • Business News

    Goldman Sachs pushes its forecast for Fed rate cut to Q4 2024

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    (Reuters) – Goldman Sachs economists said they now expect the U.S. Federal Reserve to begin its interest rate-cutting cycle in the fourth quarter of next year, later than an earlier …

  • Business News

    Analysis-Counting the cost of contagion fears from Africa coups

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    By Libby George and Marc Jones LONDON (Reuters) – When Gabon’s General Brice Oligui Nguema ousted his distant cousin last month, he became the eighth military leader who has taken …

  • Business News

    Analysis-Fed’s hawkish stance spooks investors, though some say peak rates near

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    By Davide Barbuscia and David Randall NEW YORK (Reuters) – The Federal Reserve’s plans for a prolonged period of elevated interest rates could continue pressuring stocks and bonds in coming …

  • Business News

    Marketmind: Fed fireworks set nervy stage for BoE

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    A look at the day ahead in European and global markets from Kevin Buckland If the market vacillations that followed the Federal Reserve are anything to go by, European investors …

  • Business News

    Hong Kong central bank leaves interest rate unchanged, tracking Fed

    by Reuters September 21, 2023
    by Reuters September 21, 2023

    HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday left its base rate charged through the overnight discount window unchanged at 5.75%, tracking a decision by the U.S. …

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