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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Peru’s economy grows by 1.66% in September, slight dip from August

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

    LIMA (Reuters) -Peru’s economy expanded by 1.66% in September compared with the same month a year earlier, figures from the national statistics institute (INEI) showed on Tuesday, a slight dip …

  • Business News

    More chip production needed in Europe, Infineon CEO says

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

    By Christina Amann MUNICH (Reuters) – Infineon Technologies AG Chief Executive Jochen Hanebeck supports contract manufacturers building more chip factories in Europe to reduce his company’s reliance on suppliers in …

  • Business News

    Fed’s Harker: better to pause rate hikes at the right time than risk overtightening

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

    (Reuters) – The Federal Reserve should pause its interest rate hikes once its policy rate is at a sufficiently restrictive level to bring inflation on a path back down toward …

  • Business News

    Germany completes Wilhelmshaven floating LNG terminal, more to come

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

    By Vera Eckert FRANKFURT (Reuters) -Germany on Tuesday completed construction of its first floating terminal for liquefied natural gas (LNG) at the North Sea port of Wilhelmshaven as it scrambles …

  • Business News

    Spanish truckers suspend strike, citing ‘harassment campaign’ by authorities

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

    MADRID (Reuters) – A group representing part of Spain’s truck drivers said on Tuesday it was suspending an indefinite strike a day after it started. The unofficial Platform for the …

  • Business News

    Oct PPI adds to relief over cooling US inflation

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

    NEW YORK (Reuters) – U.S. producer prices increased less than expected in October, further evidence that inflation was starting to subside. The producer price index for final demand rose 0.2% …

  • Business News

    Fed focused on addressing ‘much too high’ inflation: Cook

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

    By Ann Saphir (Reuters) – Federal Reserve Governor Lisa Cook on Tuesday said the U.S. central bank is focused on addressing inflation that is “much too high”, and businesses and …

  • Business News

    Canadian home sales edge up 1.3% in October

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

    OTTAWA (Reuters) – Canadian home sales rose 1.3% in October from September, the first month-over-month gain since February, data from the Canadian Real Estate Association showed on Tuesday. The national …

  • Business News

    China’s BYD scraps IPO plan for semiconductor unit

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

    HONG KONG (Reuters) -Chinese automaker BYD Co Ltd said on Tuesday it had scrapped plans to list its semiconductor unit in China, saying a move to increase investments in wafer …

  • Business News

    G20 leaders see deteriorating debt issues in some middle-income countries – draft

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

    By Andrea Shalal WASHINGTON (Reuters) – Leaders of the Group of 20 major economies will express concern about the “deteriorating debt situation” facing some vulnerable middle-income countries, and call on …

  • Business News

    Vodafone cuts outlook and seeks cost savings as economic woes mount

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

    By Paul Sandle LONDON (Reuters) -Vodafone cut its full-year cashflow forecast and lowered earnings guidance on Tuesday, reflecting soaring energy costs and a deteriorating performance in Germany, Italy and Spain. …

  • Breaking NewsBusiness NewsCommunity NewsFeatured NewsPennsylvania NewsPhiladelphia News

    Walmart to pay Pennsylvania $120 million in $3 billion national opioid addiction settlement

    by Ryan Dickinson November 15, 2022
    by Ryan Dickinson November 15, 2022

    PHILADELPHIA, PA – Walmart has agreed to settle a national lawsuit that alleges the company’s policy on opioid prescription drugs had part in the nation’s drug and overdose epidemic. According …

  • Business News

    Zambia debt negotiations likely to drag into next year – sources

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

    By Andrea Shalal WASHINGTON (Reuters) -World Bank and IMF officials are pressing Zambia’s creditors to accelerate negotiations on reducing the country’s official debt burden, but sources familiar with the process …

  • Business News

    FTX founder Sam Bankman-Fried attempts to raise cash – WSJ

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

    (Reuters) – Founder of bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried, is seeking commitments from investors to raise fresh cash, the Wall Street Journal reported on Tuesday, citing people familiar with …

  • Business News

    UBS joins the emerging market bull run band

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

    LONDON (Reuters) – Swiss bank UBS has joined a growing band of investment houses forecasting that emerging markets will see a bumper bounce next year after their torrid 2022. UBS’ …

  • Business News

    Factbox-Germany’s LNG import project plans

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

    FRANKFURT (Reuters) – Germany is acquiring liquefied natural gas (LNG) terminals as part of its efforts to diversify away from Russian gas. It leased four floating storage and regasification units …

  • Business News

    Canada September wholesale trade up 0.1% on pharmaceuticals

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

    Nov 15 (Reuters) – Canadian wholesale trade increased by 0.1% in September from August on the higher sales in the personal and household goods subsector, and in particular pharmaceutical products, …

  • Business News

    Canada September factory sales flat on aerospace, metals

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

    Nov 15 (Reuters) – Canadian factory sales were unchanged in September from August as higher sales in aerospace products and primary metals balanced out lower sales in petroleum and coal …

  • Business News

    Tesla cuts delivery waiting time for all model 3, model Y cars

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

    BEIJING (Reuters) -Tesla has cut the delivery waiting time for all Model 3 and Model Y vehicles to a minimum of one week, it said on its website on Tuesday. …

  • Business News

    N.Y. Fed’s Empire State business index rises more than expected

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

    NEW YORK (Reuters) – A barometer of manufacturing activity in New York state rebounded more than expected this month as shipments picked up and factory employment continued to grow steadily, …

  • Business News

    China and Spain seek fair treatment in each other’s markets

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

    BEIJING/MADRID (Reuters) -Chinese President Xi Jinping and Spanish Prime Minister Pedro Sanchez called for companies from their respective countries to be treated fairly in each other’s markets during a bilateral …

  • Business News

    Meta’s India public policy chief, WhatsApp’s India boss quit

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

    NEW DELHI (Reuters) -WhatsApp’s India head Abhijit Bose and Meta Platforms Inc’s public policy director in India Rajiv Aggarwal have resigned, a Meta spokesperson said on Tuesday. The departures follow …

  • Business News

    Swedish central bank’s Floden says underlying inflation pressure worrying

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

    STOCKHOLM (Reuters) – A continued rise in underlying inflation is a worry, Swedish central bank Deputy Governor Martin Floden said on Tuesday. Underlying inflation was 7.9% in October compared to …

  • Business News

    IMF reaches agreement with Jordan on fifth review of extended fund facility – statement

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

    CAIRO (Reuters) – The IMF said on Tuesday it had reached a staff-level agreement with Jordan on a fifth review under an extended fund facility. Completing the review will bring …

  • Business News

    S.Africa’s Eskom says maintenance work could worsen power cuts for a year

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

    (Reuters) – South Africa’s struggling state power utility Eskom warned on Tuesday that planned maintenance could cause power outages lasting up to a year. The utility relies on a fleet …

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