Breaking Business news from across New Jersey.
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate unexpectedly slowed to 3.8% in September and underlying core measures also eased, data showed on Tuesday, prompting markets …
By Pratyush Thakur and Mike Stone (Reuters) -U.S. defense contractor Lockheed Martin shares are up 2%after reporting better-than-expected third-quarter revenue and profit on Tuesday, as geopolitical tensions fueled sustained demand …
By Amina Niasse NEW YORK (Reuters) – Homebuilder confidence fell in October to the lowest levels since January, according to a report released Tuesday, signaling sky-high mortgage rates are weighing …
WASHINGTON (Reuters) – Production at U.S. factories increased more than expected in September despite strikes in the automobile industry curbing motor vehicle output, further evidence that the economy exited the …
(Reuters) -Thermo Fisher Scientific would acquire Olink Holding AB in a deal valued at $3.1 billion, the companies said on Tuesday, as the U.S. medical equipment maker seeks to boost …
By Huw Jones LONDON (Reuters) – Investors will not be protected under European Union cryptoasset market rules until at least the end of 2024, and even then they should still …
WASHINGTON (Reuters) -U.S. retail sales increased more than expected in September as households stepped up purchases of motor vehicles and spent more at restaurants and bars, cementing expectations that economic …
By Li Gu and Tom Westbrook (Reuters) – Chinese investors are rushing to buy bonds of local government financing vehicles (LGFVs), including from the riskiest issuers, as Beijing’s fresh attempts …
(Reuters) – Warehouse-focused real estate investment trust (REIT) Prologis reported better-than-expected quarterly funds from operations (FFO) per share on Tuesday on higher rental revenue but warned of demand pressures. The …
By Neil Jerome Morales MANILA (Reuters) -Cebu Pacific is looking to order 100-150 narrow-body aircraft from either Boeing or Airbus worth up to $12 billion in what could be the …
By Makiko Yamazaki and Maki Shiraki TOKYO (Reuters) -Mitsubishi Corp is considering bidding for Fujitsu’s chip packaging unit Shinko Electric Industries, two sources said, as Japan’s top trading house weighs …
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel hinted on Tuesday that it was in no rush to lower interest rates despite Israel’s war with Hamas in Gaza, …
By Nqobile Dludla JOHANNESBURG (Reuters) -Amazon said on Tuesday it would launch its online shopping service in South Africa next year, making it only the second African country after Egypt …
BEIJING (Reuters) – China is willing to expand and strengthen cooperation with Indonesia in emerging industries such as the digital economy, photovoltaics and new energy vehicles, President Xi Jinping said …
By Lisa Pauline Mattackal (Reuters) – The weak crypto market is wobbling through autumn. And winter’s on its way. The long-anticipated U.S. launch of a group of exchange-traded funds tracking …
By Gilles Guillaume MEUDON, France (Reuters) – Citroen on Tuesday unveiled its new electric e-C3 SUV, a low-cost model starting at 23,300 euros ($24,540) aimed at taking on Chinese carmakers …
By Xie Yu and Li Gu HONG KONG/SHANGHAI (Reuters) – Stocks and bonds of Chinese property developer Gemdale plunged on Tuesday after the resignation of its chairman, as investors took …
(Reuters) -Bank of New York Mellon Corp beat Wall Street estimates for third-quarter profit on Tuesday, as rate hikes by the U.S. Federal Reserve bolstered the lender’s income from loans. …
BEIJING (Reuters) -China has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources with knowledge of the matter said, as …
By Maria Martinez BERLIN (Reuters) -German investor morale improved more than expected in October, the ZEW economic research institute said on Tuesday, as market experts forecast a further decline in …
LONDON (Reuters) – Global banking regulators on Tuesday proposed a standardised format for major banks to disclose their holdings of cryptoassets from January 2025 to support “market discipline” by giving …
By Elvira Pollina MILAN (Reuters) – U.S. fund KKR has strived to structure its offer for the fixed line of Telecom Italia (TIM) in a way that would help the …
By Mehr Bedi (Reuters) – Planemakers are betting on steady demand for business jets as the world’s largest corporate aircraft show kicks off on Tuesday, but analysts are turning cautious …
By Suzanne McGee (Reuters) – Investors have poured money into exchange traded funds (ETFs) focused on the US bond market this year, despite a historic sell-off in global bonds and …
A look at the day ahead in U.S. and global markets from Mike Dolan Another eye-catching bounceback in U.S. stocks on Monday was just about sustained overnight ahead of another …