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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Shares in K-Pop agencies fall after report of antitrust probe

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    SEOUL (Reuters) – Shares in K-Pop management agencies fell on Wednesday, after South Korea’s antitrust watchdog began investigations into any potential infractions of subcontracting rules when outsourcing production of albums …

  • Business News

    Japan’s service activity maintains firm pace as demand picks up – PMI

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    TOKYO (Reuters) – Japan’s service activity maintained a brisk pace of growth in June as the relaxation of pandemic-related restrictions revived consumer demand, a private-sector survey showed on Wednesday. The …

  • Business News

    Bank of England considers clampdown on foreign bank branches- FT

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    (Reuters) -The Bank of England is looking at plans to force more international banks to set up subsidiaries in the UK, The Financial Times reported on Tuesday. The BOE is …

  • Business News

    Lula says Mercosur eyeing fresh trade deals, increased regional commerce

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday he wants the Mercosur trade bloc to advance in talks for deals with Canada, South Korea and …

  • Business News

    Beijing jabs in US-China tech fight with chip material export curbs

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    By Amy Lv and Brenda Goh BEIJING/SHANGHAI (Reuters) -Companies caught out by China’s decision to restrict exports of two metals widely used in semiconductors and electric vehicles were racing to …

  • Business News

    Almost one in three UK women expect to end careers early – poll

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    LONDON (Reuters) – Almost one in three female workers in Britain expect to stop working before reaching their retirement age with many citing health and well-being issues including the menopause, …

  • Business News

    Morning Bid: China PMI eyed as U.S. trade war rumbles

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The most important Asian economic indicator from a pretty packed …

  • Business News

    Brazil Senate approves Lula’s picks for central bank board

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    BRASILIA (Reuters) -The Brazilian Senate on Tuesday approved President Luiz Inacio Lula da Silva’s first picks for the independent central bank, an institution he has clashed with since taking office …

  • Business News

    China automaker BYD to invest $620 million in Brazil industrial complex

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    SAO PAULO (Reuters) – Chinese automaker BYD on Tuesday said it will invest 3 billion reais ($620.17 million) in a new industrial complex in northeastern Brazil, as it aims to …

  • Business News

    Twitter CEO backs widely criticized tweet-reading rate limits

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    (Reuters) – Twitter CEO Linda Yaccarino on Tuesday tweeted a defense of the temporary cap announced July 1 on the number of tweets users can read in a day, and …

  • Business News

    Oil prices rise 2% as market weighs supply cuts against economic outlook

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    By Natalie Grover LONDON (Reuters) -Oil prices climbed 2% on Tuesday as markets weighed August supply cuts by top exporters Saudi Arabia and Russia against a weak global economic outlook. …

  • Business News

    Ireland to hike core government spending by 6.1% in 2024

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    DUBLIN (Reuters) – Ireland intends to increase core public expenditure by 6.1% next year in an overall budget package of 6.4 billion euros ($6.98 billion), according to its Summer Economic …

  • Business News

    UK banks should not close accounts over customers’ politics, minister says

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    By Huw Jones and David Milliken LONDON (Reuters) – British banks should have to serve a customer even if they disagree with his or her lawful political views, and should …

  • Business News

    Shein in talks with banks and exchanges about U.S. IPO-sources

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    By Echo Wang and Anirban Sen NEW YORK (Reuters) – China-founded online retailer Shein is working with at least three investment banks about a potential U.S. initial public offering, and …

  • Business News

    European shares steady, interest rate uncertainty remains

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    By Amruta Khandekar and Shreyashi Sanyal (Reuters) -European shares were steady in thin trading on Tuesday, with a lack of fresh economic data from the region and uncertainty around the …

  • Business News

    Story on Shein’s IPO plans withdrawn

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    (Reuters) -The June 29 story on Shein has been withdrawn because it incorrectly stated that the China-founded online retailer had registered with U.S. regulators for an initial public offering. A …

  • Business News

    Gazprom subsidiary files lawsuits against Deutsche Bank and Commerzbank

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    MOSCOW (Reuters) – RusKhimAlyans, a subsidiary of Russian gas giant Gazprom, has filed lawsuits seeking a total of 31 billion roubles ($348 million) from Deutsche Bank and Commerzbank, Russian court …

  • Business News

    Airbus trials new wing designs in technology race with Boeing

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    By Joanna Plucinska and Tim Hepher FILTON, England (Reuters) – Airbus is stepping up testing of radical new wing technology as the planemaker lays the foundation for a future successor …

  • Business News

    German firm sees U.S. getting lion’s share of 100 billion euro military fund

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    By Alexander Hübner MUNICH (Reuters) – Up to half of the 100 billion euro ($109 billion) special fund set up to modernize the German military will likely go to U.S. …

  • Business News

    Stocks drift as investors balance peak rate hopes with oil price rise

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    By Naomi Rovnick and Xie Yu LONDON/HONG KONG (Reuters) – Global stocks held steady on Tuesday, as investors balanced the inflationary force of rising oil prices with hopes that central …

  • Business News

    Yen firms amid intervention chatter, trading subdued on US holiday

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    By Harry Robertson and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The dollar fell against the yen on Tuesday as markets remained on high alert for signs of Japanese intervention, but the …

  • Business News

    Canadian factory activity slows further in June

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    By Fergal Smith TORONTO (Reuters) – Contraction in Canada’s manufacturing sector deepened slightly in June as an uncertain economic outlook weighed on both domestic and foreign demand, data showed on …

  • Business News

    Brazil’s Lula says Mercosur looking for ‘win-win’ trade deal with EU

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    SAO PAULO (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Tuesday that the Mercosur bloc of Brazil, Argentina, Paraguay and Uruguay wants its trade agreement with the European …

  • Business News

    UK’s Hunt backs regulator to ensure banks pass on better rates to savers

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    LONDON (Reuters) – British finance minister Jeremy Hunt gave his backing to the country’s financial regulator FCA to ensure banks are passing on better savings rates to consumers. “Increased interest …

  • Business News

    Italy’s finances creak as budget deficit climbs in Q1

    by Reuters July 4, 2023
    by Reuters July 4, 2023

    By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross domestic product (GDP) compared with 11.3% in the same …

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