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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Argentina strikes $5 billion China currency swap extension

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina has agreed to expand its currency swap deal with China by $5 billion, the South American country’s President Alberto Fernandez said on Tuesday, …

  • Business News

    Colombia economy grew 7% in Q3, beating expectations

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Carlos Vargas and Luis Jaime Acosta BOGOTA (Reuters) -Colombia’s economy grew 7% in the third quarter compared to a year earlier, the government’s DANE statistics agency said on Tuesday, …

  • Business News

    U.S. aviation sector calls for 5G wireless deadline extension

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By David Shepardson WASHINGTON (Reuters) -Air carriers will be unable to fully meet deadlines to retrofit planes to avoid interference from latest generation 5G C-Band wireless service, the aviation industry …

  • Business News

    Swiss National Bank Chairman hints again at future rate hikes

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By John Revill ZURICH (Reuters) -The Swiss National Bank gave another strong hint on Tuesday that it will raise interest rates again when its chairman Thomas Jordan said that current …

  • Business News

    Chile’s Escondida mine workers announce strike amid labor demands

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    SANTIAGO (Reuters) – Workers of Chile’s Escondida mine, the world’s largest copper mine, decided to go on strike on November 21 and 23 due to labor demands, its No. 1 union …

  • Business News

    Fed’s Barr: Concerned about blowback to financial system from crypto

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Ann Saphir and Dan Burns (Reuters) -Michael Barr, the Federal Reserve’s top financial regulatory official, on Tuesday said he is concerned about risks from the non-bank sector, including cryptocurrencies, …

  • Business News

    Jordan’s economy posts faster growth despite global turmoil -IMF

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Suleiman Al-Khalidi AMMAN (Reuters) – Jordan’s growth has quickened in 2022 despite global economic turbulence, driven by strong progress in IMF-backed structural reforms that have cushioned the economy and …

  • Business News

    Investor TCI urges Alphabet to cut excessive headcount, costs

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    (Reuters) – Activist investor TCI Fund Management has called on Alphabet Inc to cut costs by lowering its headcount and reduce losses in its self-driving unit Waymo, saying the Google …

  • Business News

    Mexico to urge U.S., Canada firms to participate in lithium market

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador said on Tuesday his administration will issue a call for U.S. and Canadian companies to participate in the country’s incipient lithium market. …

  • Business News

    Iraq wants a review of its quota allocated by OPEC – INA

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    CAIRO (Reuters) – Iraq wants a review of the production quota allocated to it by oil producer group OPEC, state news agency (INA) reported on Tuesday, citing Prime Minister Mohammed …

  • Business News

    Slower U.S. producer price growth adds to improving inflation outlook

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices increased less than expected in October as services fell for the first time in nearly two years, offering more evidence that …

  • Breaking NewsBusiness NewsPennsylvania NewsPolice Blotter

    Police seek to identify Kohl’s customer who confused cashier out of $200

    by Erica Schmidt November 15, 2022
    by Erica Schmidt November 15, 2022

    WEST WHITELAND TWP, PA – Detectives in West Whiteland Township are seeking to identify a man who is suspected of intentionally confusing a cashier to scam the Kohl’s department store …

  • Business News

    EV battery makers race to develop cheaper cell materials, skirting China

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Nick Carey and Paul Lienert (Reuters) – U.S. and European startups are racing to develop new batteries using two abundant, cheap materials — sodium and sulfur — that could …

  • Business News

    GM’s North American battery supply chain is key to EV profits

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    DETROIT (Reuters) – General Motors Co plans to add more links to its North American battery supply chain, adding to roughly 20 deals so far, in a key strategy to …

  • Business News

    Tech, commodity stocks help Europe’s STOXX 600 close higher for fourth-day

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index closed higher on Tuesday, boosted by gains in technology and commodity stocks after softer-than-expected U.S. inflation data bolstered hopes …

  • Business News

    Fed’s tighter monetary policy hasn’t dented inflation yet, Bostic says

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Ann Saphir (Reuters) -Atlanta Federal Reserve President Raphael Bostic said on Tuesday he sees little evidence that the U.S. central bank’s aggressive monetary policy tightening is slowing inflation, and …

  • Business News

    Shell, Chinese partner to drop off-shore wind farm project in France

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    PARIS (Reuters) – Oil major Shell and state-owned Chinese energy company CGN on Tuesday said that they would drop their plan for a floating wind power project on France’s Brittany …

  • Business News

    Exclusive: Activist Impactive eyes proxy fight at Envestnet amid sluggish stock price

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Svea Herbst-Bayliss NEW YORK (Reuters) – An activist investor with a large stake in Envestnet Inc. plans to ask for board seats to push the financial technology company to …

  • Business News

    Japan unicorn Opn buys MerchantE to enter U.S. online payment sector

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    TOKYO (Reuters) – Digital payments processor Opn, a rare Japanese unicorn, or startup worth more than $1 billion, said on Tuesday it had acquired MerchantE from U.S. investment firm Integrum …

  • Business News

    Bain will buy Japanese apparel maker Mash Holdings for $1.44 billion

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    TOKYO (Reuters) – Private equity firm Bain Capital will acquire Mash Holdings for about 200 billion yen ($1.44 billion), a spokesperson for the Japanese apparel maker said. The Tokyo-based company …

  • Business News

    Developing countries, China seek ‘loss and damage’ fund – draft proposal

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Simon Jessop and William James SHARM EL-SHEIKH, Egypt (Reuters) – The G77 bloc of developing countries and China are proposing the establishment of a new ‘loss and damage’ fund …

  • Business News

    Analysis-Investors expand footprint in commodity trade finance as banks retreat

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Julia Payne, Pratima Desai and Peter Hobson LONDON (Reuters) – Hedge funds have stepped up financing of trade in commodities such as oil, gas, cocoa and copper as banks …

  • Business News

    Home Depot gives ‘mixed signals’ with quarterly beat, dim holiday view

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Deborah Mary Sophia (Reuters) – Home Depot Inc tapped higher prices to override a drop in customer transactions for the third quarter and left its annual forecasts unchanged, signaling …

  • Business News

    Nigeria’s debt service costs to remain elevated in medium term -Fitch

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s debt service costs will remain elevated in the short to medium term, which will hobble the country’s ability to use fiscal policy to …

  • Business News

    Slowed producer prices another plus for Fed’s inflation fight

    by Reuters November 15, 2022
    by Reuters November 15, 2022

    By Howard Schneider WASHINGTON (Reuters) – Prices paid by U.S. businesses rose less than expected in October with some key components registering an out-and-out decline, another sign inflation may be …

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