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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Exclusive-U.S. Treasury’s Yellen to meet with China central bank chief at G20 summit in Bali

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    By David Lawder NEW DELHI (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she plans to meet with China’s central bank governor Yi Gang on the …

  • Business News

    Energy crisis dims festive sparkle in Europe’s shops

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    By Mimosa Spencer PARIS (Reuters) – Retailers in Europe are having to strike a delicate balancing act with this year’s Christmas displays: how to create enough festive sparkle to loosen …

  • Business News

    “Tasty and that’s it”: McDonald’s to be rebranded in Belarus

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    (Reuters) – McDonald’s restaurants in Belarus are set to be rebranded under a deal made public on Friday, five months after the U.S. fast food giant left neighbouring Russia over …

  • Business News

    UK external deficit a worry, Italy fiscal plan ‘realistic’ – S&P

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    By Chiara Elisei and Dhara Ranasinghe LONDON (Reuters) -Britain’s external deficit is a worry and there are questions over the country’s competitiveness long-term, while the new Italian government’s medium-term fiscal …

  • Business News

    Saudi oil minister says OPEC+ remains cautious on production -Bloomberg

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    (Reuters) – Saudi Arabia’s energy minister said OPEC+ will remain cautious on oil production, noting that members saw “uncertainties” in the global economy ahead of the bloc’s next meeting in …

  • Business News

    FTX to file for U.S. bankruptcy protection, CEO Bankman-Fried resigns

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    (Reuters) -FTX will initiate bankruptcy proceedings in the United States while its Chief Executive Sam Bankman-Fried resigned, the embattled cryptocurrency exchange said on Friday, triggering what could be one of …

  • Business News

    Argentina set to hold benchmark rate steady again, source and analysts say

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is set to hold the country’s benchmark interest rate steady for a second consecutive month, a source close to the …

  • Business News

    Cyprus regulator requested FTX EU suspend operations Nov. 9

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    NICOSIA (Reuters) – Cyprus’s Securities and Exchange Commission asked FTX EU to suspend its operations on Nov. 9, the regulator said on Friday. “The Cyprus Securities and Exchange Commission on …

  • Business News

    Kenya won’t borrow at more than 10% interest: President Ruto

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    NAIROBI (Reuters) -Kenya’s government will no longer borrow any money at interest rates of more than 10%, President William Ruto said on Friday, adding that the cost of debt had …

  • Business News

    Analysis-Hopes of easing inflation beckon cash-rich investors into U.S. stocks

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    By Carolina Mandl and Saqib Iqbal Ahmed (Reuters) – Softer-than-expected U.S. inflation is bolstering the case for cash-heavy investors to step off the sidelines and plunge into risky assets, though …

  • Business News

    British officials likely to visit India next month for FTA talks – sources

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    By Shivangi Acharya NEW DELHI (Reuters) – British officials are likely to visit India in December with the aim of concluding talks on a free trade agreement (FTA) between the …

  • Business News

    Schneider Electric sweetens Aveva bid to $11.6 billion in final offer

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    (Reuters) -French industrial group Schneider Electric has increased its offer for Aveva to 3,225 pence per share in cash, valuing the British software company at about 9.86 billion pounds ($11.62 …

  • Business News

    SNB ready to take “all measures necessary” to tame inflation-Jordan

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    BERN (Reuters) -The Swiss National Bank is prepared to take “all measures necessary” to bring inflation back down to its 0-2% target range, Chairman Thomas Jordan said on Friday. “We …

  • Business News

    German budget experts push for dividend ban tied to energy subsidies

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    BERLIN (Reuters) – Budget experts from Germany’s ruling coalition on Friday stressed the need for a ban on dividends and bonuses being paid out at companies that benefit from gas …

  • Business News

    ECB’s de Guindos says market might be underestimating inflation

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    FRANKFURT (Reuters) – Financial investors might be underestimating the “persistence of inflation”, the European Central Bank’s vice-president Luis de Guindos said on Friday as he listed possible risks to financial …

  • Business News

    Bank of England’s Tenreyro sees rates on hold, then falling in 2024

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    LONDON (Reuters) -Bank of England monetary policymaker Silvana Tenreyro said on Friday that the central bank should not raise its key interest rate above its current 3% and may need …

  • Business News

    Argentina to freeze prices of 1,500 consumer goods as inflation bites

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    By Nicolás Misculin BUENOS AIRES (Reuters) – Argentina’s government announced a deal on Friday with supermarkets and suppliers of mass consumer goods to freeze or tightly regulate prices of some …

  • Business News

    Harris Associates backs Credit Suisse handling of governance

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    ZURICH (Reuters) – Credit Suisse shareholder Harris Associates backed the Swiss bank’s handling of any potential conflicts of interest for Michael Klein, then board member, and director Blythe Masters when …

  • Business News

    VW South Africa looks to Asia, Latam as Europe shifts to EVs

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    By Promit Mukherjee and Joe Bavier JOHANNESBURG (Reuters) – Volkswagen’s South Africa unit aims to develop new markets for its petrol and diesel cars in Asia and Latin America, its …

  • Business News

    Ireland must change law to ratify EU-Canada trade deal, court rules

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    DUBLIN (Reuters) -Ireland’s Supreme Court ruled on Friday that parliament cannot ratify the European Union’s free trade deal with Canada unless laws are changed, posing a challenge to the coalition …

  • Business News

    Germany’s 2023 new debt estimate soars as energy crisis weighs

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    By Christian Kraemer and Holger Hansen BERLIN (Reuters) -The energy crisis will push Germany to take on well over twice as much new debt next year as previously expected, officials …

  • Business News

    Belarus inflation falls after Lukashenko bans price rises

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    (Reuters) -Inflation in Belarus fell during October after President Alexander Lukashenko banned retailers from hiking prices in a drastic bid to address falling living standards. Inflation was running at 15.2% …

  • Business News

    JPMorgan to expand in Greece with new office, payments team

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    ATHENS (Reuters) – U.S. bank JPMorgan said on Friday it will open a new office in Athens to support the growth of its business in the country. The office will …

  • Business News

    Investors gobble up bonds as worst of inflation may be over -BofA

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    By Lucy Raitano LONDON (Reuters) -Investors bought more bonds than at any time in the last four months in the week to Wednesday as signs emerged that inflation may have …

  • Business News

    Fiscal and social concerns equally important for Brazil’s economy, Itau CEO says

    by Reuters November 11, 2022
    by Reuters November 11, 2022

    SAO PAULO (Reuters) – Fiscal and social concerns should be given equal weight in the running of Brazil’s economy, the chief executive of bank Itau Unibanco said on Friday, referring …

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