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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Meta to expand WhatsApp Channels to more than 150 countries

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    (Reuters) – Meta Platforms said on Wednesday it will soon give users in more than 150 countries access to WhatsApp Channels, a broadcast service that enables them to receive private …

  • Business News

    Adobe rolls out AI features, plans for price hikes and payouts

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Stephen Nellis (Reuters) – After months of testing, Adobe on Wednesday opened up access to a range of generative artificial intelligence features across its software, with plans to raise …

  • Business News

    Western firms shift investment from China to India as worries mount

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Joe Cash BEIJING (Reuters) – U.S. and European firms are shifting investment away from China to other developing markets, a report from Rhodium Group showed, with India receiving the …

  • Business News

    Chinese stocks lead foreign exodus from emerging markets in August -IIF

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Rodrigo Campos NEW YORK (Reuters) – Chinese stocks took a record hit as foreign investors yanked $15.5 billion out of emerging market portfolios in August, the largest monthly outflow …

  • Business News

    Traders keep view the Fed is probably done with rate hikes

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    (Reuters) – Futures contracts that settle to the Federal Reserve’s policy rate on Wednesday reflected growing confidence that the U.S. central bank probably will not increase borrowing costs any further, …

  • Business News

    India to draft new policy in push for EV investment, minister says

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Aditi Shah and Tanvi Mehta NEW DELHI (Reuters) -India will come up with new policy to attract electric vehicle (EV) manufacturers and encourage greater investment in the sector, the …

  • Business News

    Griffin of Citadel hedge fund lays out roadmap to future philanthropic giving

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Svea Herbst-Bayliss NEW YORK (Reuters) – Ken Griffin, the world’s most successful hedge fund manager in terms of earnings, has already donated more than $2 billion to charity during …

  • Business News

    Von der Leyen announces China car probe, paints herself as EU business champion

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Yves Herman, Ingrid Melander and Andrew Gray STRASBOURG (Reuters) -EU Commission chief Ursula von der Leyen announced an anti-subsidy probe into Chinese electric vehicles on Wednesday, presenting herself as …

  • Business News

    Chinese titanium producers expect boost from new iPhone

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    BEIJING (Reuters) – China’s titanium producers said on Wednesday they expect stronger demand for the lightweight metal after the launch of a new model of Apple’s iPhone with a titanium …

  • Business News

    Corporate defaults jump, highest August monthly tally since 2009 – S&P

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    LONDON (Reuters) – The number of new corporate defaults globally reached 16 in August, the highest August monthly number since 2009, S&P said in a report released on Wednesday, the …

  • Business News

    Factbox-European companies cut jobs as economy sputters

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    (Reuters) – The highest inflation for decades and the fallout from war in Ukraine have forced companies across Europe into layoffs or hiring freezes. Here are some of the companies …

  • Business News

    Dollarama raises annual sales forecast as demand for essentials thrives

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    (Reuters) -Dollarama raised annual sales forecast on Wednesday after topping quarterly sales estimates, as Canadians lapped up the discount retailer’s cheaper offerings in response to higher prices of essentials. Consumers …

  • Business News

    BofA Global Research expects hit to U.S. GDP growth from auto workers’ strike

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    (Reuters) – BofA Global Research warned a full strike by United Auto Workers (UAW) would likely have an about 0.1 to 0.2 percentage points impact per week on U.S. gross …

  • Business News

    Japan’s new cabinet priorities to keep BOJ in political spotlight

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida’s expected economic stimulus package will focus on easing the household squeeze from rising fuel bills, amid an increased focus on …

  • Business News

    Japan’s Kishida: cabinet to ensure wage growth exceeds rate of inflation

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Wednesday his new cabinet will take steps so that wage growth consistently exceeds the rate of inflation “by several percentage points”. …

  • Business News

    UK economy stumbles in July as strikes and rain weigh

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Andy Bruce and David Milliken LONDON (Reuters) -Britain’s economy contracted in July at an unexpectedly sharp rate after strikes in hospitals and schools as well as unusually rainy weather …

  • Business News

    Country Garden gets another debt reprieve as some offshore creditors weigh options

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Jing Bian, Xie Yu and Carolina Mandl BEIJING/HONG KONG/NEW YORK (Reuters) -Country Garden has won approval from its creditors to extend the maturity of one more onshore bond, two …

  • Business News

    New Thai govt cuts diesel taxes, waives visas for Chinese tourists to spur economy

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Panarat Thepgumpanat and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s new government on Wednesday approved several measures aimed at boosting the economy, including a cut to the diesel tax, a …

  • Business News

    Denodo raises $336 million in funding from private equity giant TPG

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    (Reuters) – Private equity firm TPG has agreed to invest $336 million in data management company Denodo, in a deal that underscores the dissipating gloom over private market funding that …

  • Business News

    Analysis-Peru clings to copper No. 2 spot but investment pipeline stalls

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Marco Aquino LIMA (Reuters) – Peru is clinging to its spot as the world’s No. 2 copper producer and supplier, with a bounce in mining activity helping the Andean …

  • Business News

    Marketmind: CPI to set the tone

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    A look at the day ahead in U.S. and global markets by Samuel Indyk Even with a looming policy decision from the European Central Bank on Thursday, Wednesday’s U.S. inflation …

  • Business News

    Money, work, success: The secret to finding your enough

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Chris Taylor NEW YORK (Reuters) – How much is enough? Be it about money or other measures of success, that is the question Manisha Thakor faced as she approached …

  • Business News

    Country Garden bondholders in talks with law firm Ashurst about legal options -sources

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Xie Yu and Carolina Mandl HONG KONG/NEW YORK (Reuters) – Some holders of Country Garden offshore bonds are in talks with law firm Ashurst to form a group to …

  • Business News

    Peak China gloom or geopolitical quagmire?: Mike Dolan

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Mike Dolan LONDON (Reuters) -Whether China has become “uninvestable” or not, avoidance of the world’s second-largest economy suggests the economic and political risks there have simply become too hard …

  • Business News

    Fly responsibly? Airlines face a storm over climate claims

    by Reuters September 13, 2023
    by Reuters September 13, 2023

    By Toby Sterling and Joanna Plucinska AMSTERDAM/LONDON (Reuters) – When Dutch airline KLM launched adverts urging customers to “fly responsibly” and think about the environmental impact before booking a flight, …

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