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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Global money market funds attract biggest weekly inflows in three months

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    (Reuters) – Global money market funds attracted robust inflows in the week ended Sept. 6, as investors gravitated towards safer options amid concerns over slowing growth in China and Europe …

  • Business News

    Berry Global initiates formal review of healthcare business

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    (Reuters) -Berry Global Group said on Friday it has initiated a formal process to evaluate strategic alternatives for its health, hygiene and specialties segment (HH&S). The segment accounted for 22% …

  • Business News

    China’s Huawei launches Mate 60 Pro+ smartphone for presale

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    BEIJING (Reuters) – China’s Huawei Technologies on Friday started presales for its Mate 60 Pro+ smartphone, adding a new version to a series that has captured global attention for revealing …

  • Business News

    Stellantis plans to expand battery capacity to 400 GWh

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    MILAN (Reuters) -Carmaker Stellantis aims to expand its battery building capacity to 400 GWh to support growing production of electric vehicles, its head of global propulsion systems said on Friday. …

  • Business News

    As war grinds on, HSBC halts Russia payments

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Iain Withers LONDON (Reuters) – HSBC will halt commercial payments by business customers to and from Russia and Belarus, the bank said on Friday, as lenders tighten restrictions beyond …

  • Business News

    EXPLAINER-What is in Huawei’s new smartphone challenger to Apple?

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Yelin Mo and Brenda Goh BEIJING/SHANGHAI (Reuters) – A new series of smartphones launched by China’s Huawei Technologies has drawn global attention for containing technology that indicates the company …

  • Business News

    African Finance Corp says Gabon political situation a ‘good coup’

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    (This Sept. 7 story has been corrected to fix AFC’s ownership structure based on updated guidance from the AFC in paragraph 3) London – The recent coup in Gabon was …

  • Business News

    Japan cuts Q2 GDP on weak spending, wages slide

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) -Japan’s economy grew less than initially estimated in the second quarter and wages slumped in July, casting doubt over central bank projections …

  • Business News

    Analysis-Potential US government shutdown could dent investor confidence

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By David Randall NEW YORK (Reuters) – A potential U.S. government shutdown at the end of September could add to worries about the economy going into year-end and beyond, investors …

  • Business News

    Marketmind: Markets find feet after Apple topples

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    A look at the day ahead in U.S. and global markets from Mike Dolan Some soothing words from Federal Reserve officials calmed a jumpy first week of September for world …

  • Business News

    US rates biting beneath the surface: Mike Dolan

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Mike Dolan LONDON (Reuters) -Rising U.S. business bankruptcies may raise a red flag in what otherwise appears like an economy now impervious to rising interest rates. News of accelerating …

  • Business News

    Yuan ends domestic session at weakest since 2007 as outflow pressure builds

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    SHANGHAI (Reuters) – China’s yuan finished the domestic session on Friday at its weakest since the global financial crisis, hit by capital outflow pressures as the economy struggles. A growing …

  • Business News

    French wine output falls with sharp contrasts between vineyards

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    PARIS (Reuters) -Wine production in France is expected to fall 2% this year, with major disparities between regions after some vineyards were severely hit by fungal diseases while good weather …

  • Business News

    US Treasury to issue more clean energy tax credit guidance by year-end

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By David Lawder WASHINGTON (Reuters) – The U.S. Treasury said on Friday it will provide guidance on additional clean energy tax incentives before the end of 2023, including a provision …

  • Business News

    Taiwan August exports fall less than expected, growth seen resuming

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    TAIPEI (Reuters) – Taiwan’s exports dropped for the 12th consecutive month in August but less sharply than expected, and may return to growth in September ahead of the year-end holiday …

  • Business News

    Russian court rejects Goldman request to dismiss Otkritie lawsuit

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    MOSCOW (Reuters) – A presiding judge at the Moscow Arbitration Court on Friday rejected a Goldman Sachs request to dismiss a $6.3 million lawsuit by Russia’s Otkritie, which is owned …

  • Business News

    World food price index back at two-year low despite rice surge -FAO

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    PARIS (Reuters) -The United Nations food agency’s world price index fell in August to a new two-year low, reversing a rebound seen the previous month, as a decline in most …

  • Business News

    Industrial production in France rose 0.8% in July, beating forecasts

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    PARIS (Reuters) – Industrial production in France grew by 0.8% in July, according to official figures published on Friday, offering a small uplift for the euro zone’s second-biggest economy which …

  • Business News

    Hungary’s tax-adjusted core CPI slows to 15.2% y/y in Aug -cenbank

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    BUDAPEST (Reuters) – Hungary’s tax-adjusted core inflation slowed to an annual 15.2% in August from 17.5% in July, the central bank said on Friday. The bank said a decline in …

  • Business News

    German economy expected to contract by 0.4% in 2023 – DIW

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    BERLIN (Reuters) – Germany’s DIW economic research institute slightly lowered its 2023 forecast for the German economy on Friday due to a surprisingly weak second quarter. Germany’s economy is now …

  • Business News

    Strikes start at major Chevron Australia LNG projects, no talks planned

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Renju Jose and Lewis Jackson SYDNEY (Reuters) – Workers at Chevron’s liquefied natural gas (LNG) projects in Australia went on strike on Friday after talks broke down, potentially disrupting …

  • Business News

    China’s Ant Group unveils finance AI model as race heats up

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Josh Ye HONG KONG (Reuters) – Ant Group unveiled a finance-specific artificial intelligence (AI) model on Friday and started testing consumer and professional apps for the product, joining a …

  • Business News

    China’s Aug new yuan loans seen rebounding on policy support – Reuters poll

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    BEIJING (Reuters) – China’s new yuan loans are expected to rebound in August after tumbling in July to the lowest since late 2009, a Reuters poll showed, as the central …

  • Business News

    US, Saudi Arabia, India discuss possible rail, port deal -sources

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    By Steve Holland and Trevor Hunnicutt WASHINGTON (Reuters) -The U.S., Saudi Arabia, India and other nations are discussing a possible infrastructure deal that could reconfigure trade between the Gulf and …

  • Business News

    De Beers ‘confident’ talks will avert strike at S.Africa’s Venetia mine

    by Reuters September 8, 2023
    by Reuters September 8, 2023

    (Reuters) – Anglo American Plc’s De Beers is confident ongoing talks with South Africa’s National Union of Mineworkers (NUM) will avert a wage strike at Venetia, the country’s largest diamond …

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