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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    World Bank raises Thailand 2023 growth outlook to 3.9% as tourists return

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    BANGKOK (Reuters) – Thailand’s economy is projected to grow 3.9% this year, up from a previous forecast of 3.6%, helped by private consumption growth and a recovery in tourism, the …

  • Business News

    Analysis-US bond investors eked out positive returns, see better second half year

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    By Davide Barbuscia NEW YORK (Reuters) – U.S. government bond investors have racked up positive returns so far this year, with the higher income from bonds offering a buffer against …

  • Business News

    Marketmind: G4 central bankers speak, chips wars rumble

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    A look at the day ahead in U.S. and global markets from Mike Dolan Eyeing another slew of impressive U.S. economic soundings, the world’s four most powerful central bankers are …

  • Business News

    India’s aerospace suppliers see upside in parts-making from record jet orders

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    By Allison Lampert and Aditi Shah PARIS/DELHI (Reuters) -Indian aerospace suppliers see record jet orders by the country’s top two carriers boosting domestic parts manufacturing and aircraft repairs, but argue …

  • Business News

    Euro zone lending takes another hit as rate hikes bite

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    (Reuters) -Euro zone bank lending slowed in May as a record series of European Central Bank rate hikes work their way through the financial sector, though the data is unlikely …

  • Business News

    Chinese payment giants revive effort to accept foreign credit cards

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    By Josh Ye HONG KONG (Reuters) – Chinese tech giants Tencent Holdings and Ant Group said that they would allow users to link international credit cards to their platforms, an …

  • Business News

    Pakistan, IMF discuss $2.5 billion standby arrangement -domestic media

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    ISLAMABAD (Reuters) – Pakistan and the International Monetary Fund are discussing a $2.5-billion “standby arrangement” for six to nine months, domestic newspapers said on Wednesday, with the current bailout programme …

  • Business News

    Italy rounds on “simplistic” ECB over rate hikes

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    By Angelo Amante and Gavin Jones ROME (Reuters) -Italian Prime Minister Giorgia Meloni on Wednesday criticised the European Central Bank over repeated interest rate hikes, saying it was following a …

  • Business News

    Exclusive-Vietnam’s Truong Hai considers stake sale in $5 billion automotive arm – sources

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    By Yantoultra Ngui and Phuong Nguyen SINGAPORE/HANOI (Reuters) – Vietnamese conglomerate Truong Hai Group, founded by tycoon Tran Ba Duong, is considering bringing in an investor into its automobiles arm …

  • Business News

    Japan finance officials step up warning against yen weakening

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    By Takaya Yamaguchi and Tetsushi Kajimoto TOKYO (Reuters) -Japan’s top currency officials on Wednesday ramped up a warning against the yen’s current weakness, saying the authorities would respond appropriately if …

  • Business News

    Nissan will not fill COO position left open by Gupta’s departure

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    TOKYO (Reuters) – Nissan Motor Co has decided to not fill in the chief operating officer position vacated by Ashwani Gupta under a new management structure, the Japanese automaker said …

  • Business News

    Tesla to hit record quarterly sales in China even as market share shrinks – analysts

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    SHANGHAI (Reuters) – Tesla is set to hit another record quarter with its China sales while it faces mounting pressure from local competitors such as BYD eating into its share …

  • Business News

    Marketmind: Beijing leaves market guessing on yuan

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    A look at the day ahead in European and global markets from Wayne Cole. The People’s Bank of China seems to like being enigmatic, throwing the market a curve ball …

  • Business News

    Small pickups fall short in rear seat safety, study shows

    by Reuters June 28, 2023
    by Reuters June 28, 2023

    (Reuters) – Small pickups fell short of the standards expected in protecting the passengers on the rear seat of the vehicle, tests conducted by Insurance Institute for Highway Safety (IIHS) …

  • Business News

    Google lays off staff at its mapping app Waze

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    (Reuters) -Alphabet-owned Google on Tuesday said it is cutting jobs at mapping app Waze as it merges the app’s advertising system with Google Ads technology, without giving details on the …

  • Business News

    UK’s surging shop price inflation slows in June – BRC

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    LONDON (Reuters) – British shop price inflation slowed this month, offering a bit of respite for households hit by a surge in the cost of living and higher borrowing costs, …

  • Business News

    Australia’s consumer inflation hits 13-month low, adding to rate pause case

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    By Stella Qiu SYDNEY (Reuters) – Australia’s consumer inflation slowed to a 13-month low in May, driven by a sharp pullback in fuel, while a measure of core inflation also …

  • Business News

    Panama pledges to purge more substandard ships from world’s largest registry

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    PANAMA CITY (Reuters) – The Panama Maritime Authority (AMP) said on Tuesday it would continue to clean up its fleet to prevent substandard Panama-flagged ships from being detained in foreign …

  • Business News

    One in seven Britons faced hunger in 2022, says food bank charity

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    By James Davey LONDON (Reuters) – One in seven people in the United Kingdom faced hunger last year because they did not have enough money, according to a report published …

  • Business News

    Pakistan hopes for bailout decision in day or two as IMF seeks deal ‘quickly’

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    ISLAMABAD (Reuters) -Pakistan hopes a bailout decision from the International Monetary Fund (IMF) will come in a day or two, its prime minister said on Tuesday, as the global lender …

  • Business News

    Australia eyes bigger budget surplus but warns economy still slowing

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    By Renju Jose SYDNEY (Reuters) – Australia’s budget surplus for 2022/23 will be bigger than the A$4.2 billion ($2.81 billion) projected in the May budget but high inflation and global …

  • Business News

    UBS to cut more than half of Credit Suisse workforce – Bloomberg News

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    (Reuters) -UBS Group is looking to cut more than half of Credit Suisse’s workforce from next month as a result of the bank’s takeover, Bloomberg News reported on Tuesday. Bankers, …

  • Business News

    Qantas names Rob Marcolina new CFO in latest management overhaul

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    (Reuters) – Qantas Airways has appointed Rob Marcolina as its new chief financial officer, the company said on Wednesday, succeeding Vanessa Hudson who was in May named the carrier’s first …

  • Business News

    Bankman-Fried loses bid to toss criminal charges over FTX’s collapse

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    By Luc Cohen NEW YORK (Reuters) -A federal judge on Tuesday rejected Sam Bankman-Fried’s bid to throw out most of the U.S. government’s criminal case accusing the FTX cryptocurrency exchange …

  • Business News

    Factbox-Who is behind the sweeping MOVEit hack?

    by Reuters June 27, 2023
    by Reuters June 27, 2023

    By Raphael Satter (Reuters) – The cl0p ransomware gang is claiming a new set of victims from its hack of the MOVEit file transfer protocol, taking credit on Tuesday for …

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