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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Indonesia 2022 GDP seen expanding 5.4% -chief econ minister

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    NUSA DUA, Indonesia (Reuters) – Indonesia’s economy is expected to grow 5.4% in 2022 on a yearly basis, its chief economic minister told a business conference ahead of the G20 …

  • Business News

    Visa has terminated global debit card agreements with FTX

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    NEW YORK (Reuters) – Visa Inc, the world’s largest payments processor, said on Sunday it was severing its global credit card agreements with collapsed crypto exchange FTX. “The situation with …

  • Business News

    Chinese brands outnumber foreign names among Singles Day best-sellers

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    BEIJING (Reuters) -Chinese consumers clutched their wallets tight in this year’s Singles Day and continued seeking relatively economical home brands over pricier expensive labels, as strict COVID-19 curbs and economic …

  • Business News

    France’s top priority is ending inflation, Le Maire tells Yellen at G20

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    NUSA DUA, Indonesia (Reuters) – French Finance Minister Bruno Le Maire said on Monday that Europe and France were paying a heavy price for Russia’s actions in Ukraine through higher …

  • Business News

    China regulators order more financing support for property firms -sources

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    BEIJING (Reuters) -Chinese regulators have told financial institutions to extend more support to property developers to shore up the country’s struggling real estate sector, two sources with direct knowledge of …

  • Business News

    IMF says Chad debt deal cuts risks, protects against oil price fall

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    By Andrea Shalal WASHINGTON (Reuters) -The head of the International Monetary Fund on Sunday welcomed a long-awaited debt deal by Chad’s creditors and said it would reduce the African country’s …

  • Business News

    FTX collapse being scrutinized by Bahamas authorities

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    By Jasper Ward NASSAU, Bahamas (Reuters) – The collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking at whether any …

  • Business News

    UK house prices fall as buyers count cost of mini-budget – Rightmove

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    By Suban Abdulla LONDON (Reuters) – Asking prices for British residential properties are dropping and there are signs that the fallout from the “mini-budget” bond market rout is weighing on …

  • Business News

    India can buy as much Russian oil as it wants, outside price cap, Yellen says

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    By David Lawder NEW DELHI (Reuters) -The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price …

  • Business News

    UK needs to make politically unpopular reforms to boost growth, business group says

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    LONDON (Reuters) – The British government must be willing to make politically unpopular choices in areas such as immigration and regulation to boost business investment and economic growth, the Confederation …

  • Business News

    UK recruiters plan record pay rises but real wages lag inflation, survey shows

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    By Suban Abdulla LONDON (Reuters) – British employers are planning the biggest pay hikes in a decade to fill roles but real-term wages will still grow more slowly than inflation, …

  • Business News

    British trade minister visits Washington

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    LONDON (Reuters) – British trade minister Kemi Badenoch will visit Washington on Monday to meet politicians and address business representatives to try to boost ties with the United States even …

  • Business News

    Fed may cut size of rate increases, but is not ‘softening’ inflation fight, Waller says

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    WASHINGTON (Reuters) – The U.S. Federal Reserve may consider slowing the pace of rate increases at its next meeting but that should not be seen as a “softening” in its …

  • Business News

    Rheinmetall agrees 1.2 billion euro deal to acquire Spanish explosives maker Expal

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    LONDON (Reuters) -German military equipment manufacturer Rheinmetall said on Sunday it has agreed a deal to acquire Spanish explosives and ammunition maker Expal Systems for an enterprise value of 1.2 …

  • Business News

    Marketmind: Drawing breath after tumultuous week

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets kick off the trading week on Monday, with investors probably still …

  • Business News

    Musk says Twitter to soon enable organizations to identify their associated accounts

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    (Reuters) – Twitter’s billionaire owner Elon Musk on Sunday said that Twitter will soon enable organizations to identify twitter accounts associated with them as the new Twitter owner continues to …

  • Business News

    Ukraine central bank says it is preparing banking system for blackouts

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    KYIV (Reuters) – The alert ‘UKRAINE CENTRAL BANK PREPARES BANKING SYSTEM TO WORK IN EMERGENCY CONDITIONS IN CONNECTION WITH POSSIBLE BLACKOUTS’ and story are wrong and are withdrawn. They were …

  • Business News

    Big Czech crown interventions less likely, central banker says

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    PRAGUE (Reuters) – The Czech National Bank is unlikely to have to intervene in currency markets as much as it has in recent months when pressure against the crown was …

  • Business News

    Soaring U.S. tech stocks leave some investors doubtful rebound will last

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    By Lewis Krauskopf NEW YORK (Reuters) -Hopes that inflation is subsiding are fueling a surge in battered technology and megacap stocks, though some investors believe still-high valuations and doubts over …

  • Business News

    Yellen says U.S. debt ceiling hike by lame-duck Congress would be ‘great’

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    NUSA DUA, Indonesia (Reuters) – The U.S. Treasury Secretary Janet Yellen on Sunday said that the Democrats’ clinching of U.S. Senate control makes things easier for the Biden administration, but …

  • Business News

    Germany’s Scholz visits Vietnam as manufacturers eye shift from China

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    By Francesco Guarascio HANOI (Reuters) – German Chancellor Olaf Scholz discussed energy and trade ties with Vietnam’s Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the …

  • Business News

    UK’s Hunt: labour shortages more of an issue than Brexit for economy

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    LONDON (Reuters) – Britain’s labour force shortages are more of an issue for the economy than Brexit, finance minister Jeremy Hunt said on Sunday, adding that he would seek to …

  • Business News

    Tesla says it will assist police probe into fatal crash in China

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    BEIJING (Reuters) – U.S. automaker Tesla said on Sunday it will assist Chinese police investigating a crash involving one of its Model Y cars after local media reports said two …

  • Business News

    Germany’s IG Metall union calls for further strikes on Monday

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    FRANKFURT (Reuters) – Germany’s IG Metall union on Sunday called for new strikes on Monday in its ongoing wage dispute. The so-called warning strikes will take place at targeted locations …

  • Business News

    Binance halts FTT deposits, CEO says

    by Reuters November 13, 2022
    by Reuters November 13, 2022

    (Reuters) – Cryptocurrency exchange Binance has stopped accepting deposits of FTX’s FTT token on its platform, its chief executive Changpeng Zhao said on Sunday, urging other rival exchanges to do …

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