Breaking Business news from across New Jersey.
SINGAPORE (Reuters) – GlobalFoundries, the world’s third-largest contract chipmaker, opened a $4 billion semiconductor fabrication plant in Singapore on Tuesday, as part of a major global manufacturing expansion. The U.S …
By Vivek Mishra BENGALURU (Reuters) – China’s economy will grow less than previously thought this year and next as a struggling property market dogs what was once the world’s growth …
A look at the day ahead in European and global markets from Kevin Buckland Chinese property stocks and Japanese government bonds put on a two-ring show in Asia to start …
By Rajesh Kumar Singh (Reuters) -Air New Zealand on Tuesday warned that inspections of RTX’s Pratt & Whitney engines would have a “significant” impact on its flight schedule from next …
HANOI (Reuters) – Vietnam’s VietJet said on Tuesday it will take delivery of up to 12 737 MAX jets next year, out of 200 planes it has ordered with Boeing. …
MEXICO CITY (Reuters) – A state governor in Mexico said on Monday that Tesla and its suppliers would invest $15 billion over the next two years in a factory that …
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is under pressure to defend a new cap for long-term interest rates set just six weeks ago, as Governor Kazuo …
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s government on Tuesday predicted a larger budget deficit but better-than-expected economic conditions in the year ahead, as it updated forecasts heading into …
SYDNEY (Reuters) – Australian business conditions proved resilient yet again in August with a broad uptick in sales, profits and jobs, while inflationary pressures remained elevated, a result that could …
SYDNEY (Reuters) – Australia’s largest pension fund, AustralianSuper, said on Tuesday it would buy a minority stake in a major European data centre business for A$2.5 billion ($1.6 billion), its …
By Oliver Griffin BOGOTA (Reuters) -Colombia’s government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with …
By Noel Randewich and Hannah Lang (Reuters) -Retail traders getting their first bite at Arm Holdings’ highly anticipated public offering when the British chip designer begins trading this week should …
By Dawn Chmielewski (Reuters) -Walt Disney and Charter Communications said on Monday they have reached a deal that will see the media giant’s networks, including ESPN, return to the Spectrum …
By David Shepardson (Reuters) -The United Auto Workers union has made some headway in labor talks with the Detroit Three automakers just three days before a potential strike of 146,000 …
By Niket Nishant (Reuters) -Instacart on Monday set a target of up to $9.3 billion in valuation on fully diluted basis in its hotly anticipated U.S. initial public offering, much …
By Noel Randewich and Shristi Achar A (Reuters) – The Nasdaq closed sharply higher on Monday as Tesla surged on optimism around artificial intelligence and investors awaited inflation data due …
By Arriana McLymore NEW YORK (Reuters) – As Instacart touts its hefty advertising revenue in its hotly anticipated IPO offering, purchases on the online grocery platform have flattened in the …
By Leika Kihara TOKYO (Reuters) -Bank of Japan policymakers are increasingly talking up the need to shift away from the massive monetary stimulus of the past decade, even as growing …
By Jamie McGeever ORLANDO, Florida (Reuters) -Hedge funds’ bearish view on the dollar is evaporating fast and at the current pace of buying they will be outright bullish by the …
By Dave Graham and Diego Oré MEXICO CITY (Reuters) – The Mexican government’s plan to run up the biggest budget deficit in decades during the 2024 general election year could …
(Reuters) -Parcel Service said on Monday its new five-year contract covering some 340,000 Teamsters-represented workers in the United States would increase wage and benefit costs at a 3.3% compound annual …
NEW YORK (Reuters) -Investment banking fees are down 30% to 35% in the third quarter from a year earlier for the sector, but Bank of America will fare better than …
(Reuters) -Oracle projected current-quarter revenue below Wall Street targets on Monday and narrowly missed expectations for the first quarter as a tough economy pressured cloud spending by businesses, sending its …
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase CEO Jamie Dimon blasted stricter capital rules proposed by U.S. regulators, telling investors on Monday that they could prompt lenders to pull …
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Never underestimate the Bank of Japan’s ability to move markets. …