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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Credit Suisse to sell bulk of Securitized Products Group to Apollo

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

    By Noele Illien ZURICH (Reuters) -Credit Suisse said on Tuesday it has finalised the sale of most of its Securitized Products Group and related financing businesses to U.S. buyout fund …

  • Business News

    ECB likely to keep raising rates beyond 2% level, says French central bank chief

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

    By Daniel Leussink TOKYO (Reuters) -The European Central Bank (ECB) will probably continue to raise interest rates beyond 2%, but “jumbo” rate hikes will not become a new habit, France’s …

  • Business News

    Bank of Korea board member Suh says macroeconomic policy needs to be flexible

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

    SEOUL (Reuters) – Bank of Korea (BOK) monetary policy committee member Suh Young-kyung said on Tuesday that monetary policy needs to be flexible, as trade-offs have intensified between external and …

  • Business News

    Dutch economy shrank 0.2% in Q3 as inflation bites

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

    AMSTERDAM (Reuters) – The Dutch economy shrank 0.2% on a quarterly basis in the third quarter as rising interest rates slowed down the housing market and surging inflation put a …

  • Business News

    JPMorgan cuts China quarterly and full-year growth forecasts

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

    LONDON (Reuters) – Investment bank JPMorgan cut its forecasts for economic growth in China on Tuesday due to the country’s ongoing COVID-19 restrictions. JPMorgan has lowered its projections a number …

  • Business News

    Spain’s 12-month inflation down to 7.3% in October

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

    (Reuters) – Spanish consumer prices rose 7.3% year-on-year in October, down from 8.9% in the period through September, final data released by the National Statistics Institute showed on Tuesday. Analysts …

  • Business News

    Tech investor Draper sours on China, says it has left the free market

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

    TAIPEI (Reuters) – China is no longer a place to invest and has left “the free market” under President Xi Jinping, said U.S. venture capitalist Tim Draper, an early investor …

  • Business News

    Christmas shopping comes early for Britons in grip of cost crunch

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

    By James Davey LONDON (Reuters) – More Britons began their Christmas shopping early this year as they navigate a worsening cost-of-living squeeze by budgeting their spending, market research group NielsenIQ …

  • Business News

    German wholesale price rise slows in October

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

    BERLIN (Reuters) -Germany’s wholesale prices grew in October at their slowest rate since the start of the war in Ukraine, rising 17.4% year on year, although the cost of many …

  • Business News

    Saudi inflation eases to 3% in October

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

    DUBAI (Reuters) – Saudi Arabia’s annual inflation rate eased to 3% in October from 3.1% in September, with higher food prices driving the latest price rise, the General Authority for …

  • Business News

    French unemployment eases back to 14-year low in third quarter

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

    PARIS (Reuters) -Unemployment in France eased back to its lowest in 14 years in the third quarter, official data showed on Tuesday, a figure that should be welcomed by the …

  • Business News

    Carlyle launches European clean energy developer: ‘We would rather build’

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

    By Isla Binnie NEW YORK (Reuters) – Private equity firm Carlyle Group Inc has formed a unit to build solar and other renewable energy plants as part of a push …

  • Business News

    Sterling, Big Oil and homebuilders: the winners and losers from upcoming UK budget

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

    By Amanda Cooper, Samuel Indyk and Harry Robertson LONDON (Reuters) – The moment of truth is almost here for Britain’s new prime minister Rishi Sunak and finance minister Jeremy Hunt. …

  • Business News

    Japan’s economy unexpectedly shrinks as hot inflation, global slowdown take toll

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

    By Tetsushi Kajimoto and Kantaro Komiya TOKYO (Reuters) – Japan’s economy unexpectedly shrank for the first time in a year in the third quarter, stoking further uncertainty about the outlook …

  • Business News

    JD.Com fintech unit aims to win Beijing approval for HK IPO as soon as year-end – sources

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

    By Julie Zhu, Scott Murdoch and Kane Wu HONG KONG/SYDNEY (Reuters) – The fintech arm of Chinese e-commerce firm JD.Com aims to win Beijing regulators’ approval to list in Hong …

  • Business News

    Sri Lanka must implement budget proposals to avoid return to crisis

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

    By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – Sri Lanka needs to implement budget proposals and reform measures to start earning crucial foreign exchange to help stabilise its economy …

  • Business News

    Exclusive-Germany steps up emergency cash plans to cope in blackout – sources

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

    By Tom Sims, Marta Orosz and John O’Donnell FRANKFURT (Reuters) – German authorities are stepping up preparations for emergency cash deliveries in case of a blackout to keep the economy …

  • Business News

    IMF’s Georgieva urges G20 leaders to ‘allow trade to do its job’

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

    By David Lawder NUSA DUA, Indonesia (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva warned G20 leaders on Tuesday against allowing trade protectionism to “take root” and said fragmentation of …

  • Business News

    Billionaire climate activist wins board fight at Australia’s AGL Energy

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

    By Sonali Paul MELBOURNE (Reuters) – Shareholders in AGL Energy, Australia’s largest power producer, on Tuesday defied their board and approved all four directors proposed by the company’s top shareholder, …

  • Business News

    Japan’s Olympus says moving from asset sales towards doing deals

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

    By Rocky Swift and Mayu Sakoda TOKYO (Reuters) – Japanese medical equipment maker Olympus Corp has largely completed a slew of asset sales and is now keen to do deals, …

  • Business News

    China keeps key lending rate unchanged as policymakers balance yuan, economic risks

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

    SHANGHAI (Reuters) -China’s central bank partially rolled over maturing medium-term policy loans and kept the interest rate unchanged for a third straight month on Tuesday, suggesting policymakers remain wary of …

  • Business News

    BOJ’s Kuroda says climate financing plays crucial role in decarbonisation

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

    TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Tuesday highlighted the importance of sustainable finance to address climate change and achieve decarbonisation. “Sustainable finance has a crucial role …

  • Business News

    Renault chairman says ‘nothing is blocking’ Nissan alliance talks

    by Reuters November 14, 2022
    by Reuters November 14, 2022

    TOKYO (Reuters) – Nothing is blocking discussions between Nissan and Renault over the future of their alliance and the two companies will have “important talks” on Tuesday and Wednesday, the …

  • Business News

    Amazon to lay off thousands of employees -source

    by Reuters November 14, 2022
    by Reuters November 14, 2022

    By Jeffrey Dastin (Reuters) -Amazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on …

  • Business News

    Philippine central bank to raise rates by 75 bps- Reuters poll

    by Reuters November 14, 2022
    by Reuters November 14, 2022

    By Shaloo Shrivastava BENGALURU (Reuters) – The Philippine central bank will opt for a jumbo 75 basis point interest rate hike on Thursday to combat soaring inflation and limit weakening …

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