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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    H&M shopworkers in Spain extend strike for two days early July

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    MADRID (Reuters) – Shop assistants at Swedish fashion retailer H&M in Spain extended a three-day strike planned in late June to demand pay raises into two more days in early …

  • Business News

    US retailers’ members-only programs under scrutiny with Amazon lawsuit

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    By Arriana McLymore and Katherine Masters NEW YORK (Reuters) -Amazon.com Inc isn’t the only U.S. retailer accused of using deceptive tactics to sell memberships to shoppers. From big-box chains Walmart …

  • Business News

    Greek bonds snapping at heels of southern Europe’s best in class

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    By Stefano Rebaudo (Reuters) -Greece is heading into an election weekend with its public debt trading near the levels enjoyed by first-class peripheral countries, a decade after a debt crisis …

  • Business News

    Desperately seeking staff: Paris Airshow lets jobless in for free

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    By Allison Lampert and Tim Hepher PARIS (Reuters) – Jean Blondin usually attends the world’s largest air show to find new contracts. This year, he has made the journey from …

  • Business News

    Analysis-With U.S. labor tight, union workers make bolder contract demands

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    By Lisa Baertlein and Bianca Flowers (Reuters) – Workers at aerospace supplier Spirit AeroSystems were the latest U.S. union employees to reject a contract their leaders negotiated with their employer, …

  • Business News

    Marketmind: Business brakes in June swoon, dollar jumps

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    A look at the day ahead in U.S. and global markets from Mike Dolan Just as world stock prices raced ahead this month, broader business activity appeared to be stalling …

  • Business News

    Global equity funds see over $15 billion in outflows on rate hike worries

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    (Reuters) – Global equity funds suffered substantial outflows during the seven days to June 21 amid concerns over borrowing costs staying higher for longer as the European Central Bank raised …

  • Business News

    Bank of England hikes rates to 5% in surprise move to tackle stubborn inflation

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    By David Milliken and Suban Abdulla LONDON (Reuters) -The Bank of England surprised many investors by raising interest rates half a percentage point on Thursday, saying there had been “significant” …

  • Business News

    Exclusive-Newmont declares force majeure on metal products from Mexico’s Peñasquito

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    By Pratima Desai and Clara Denina LONDON (Reuters) -Newmont has declared force majeure on deliveries of some metal products from its Peñasquito mine in Mexico, the U.S.-listed miner told Reuters, …

  • Business News

    Deepening economic pain leaves ECB in policy dilemma

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    LONDON/FRANKFURT (Reuters) -Euro zone business growth stalled this month as a manufacturing recession deepened and a previously resilient services sector barely grew, leaving the European Central Bank in a policy …

  • Business News

    US regulators probe India’s Adani Group investor statements -Bloomberg News

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    (Reuters) -The U.S Attorney’s Office in Brooklyn, New York, has sent inquiries in recent months to investors with large holdings in Adani Group, focused on what the Indian ports-to-power giant …

  • Business News

    Epstein victims seek approval of JPMorgan $290 million settlement

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    By Jonathan Stempel NEW YORK (Reuters) – Jeffrey Epstein’s victims have formally asked a U.S. judge to preliminarily approve JPMorgan Chase’s $290 million settlement to resolve claims that the largest …

  • Business News

    UK economy stumbles but price pressures remain high -flash PMI

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    LONDON (Reuters) – Britain’s economy showed signs of a slowdown this month but inflation pressures stayed high, according to a survey published a day after the Bank of England raised …

  • Business News

    Zambia seals $6.3 billion restructuring in breakthrough for developing nations

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    By Leigh Thomas PARIS (Reuters) -Zambia has struck a deal to restructure $6.3 billion in debt owed to other governments, including China, marking a long-awaited breakthrough for indebted nations around …

  • Business News

    German services sector growth eases in June, manufacturing slumps -flash PMI

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    BERLIN (Reuters) – German business activity slowed notably this month as growth in the services sector decelerated and a slump in manufacturing deepened, a preliminary survey showed on Friday. The …

  • Business News

    Boeing to invest $100 million in infrastructure, pilot training in India

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    BENGALURU (Reuters) – Boeing has announced a $100 million investment in infrastructure and programs to train pilots in India, according to a White House statement released on Thursday. This comes …

  • Business News

    UK shoppers boost spending again despite inflation’s squeeze

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    By William Schomberg LONDON (Reuters) -British retail sales unexpectedly rose in May, boosted by an extra bank holiday to mark the coronation of King Charles but also suggesting most consumers …

  • Business News

    3M reaches tentative $10.3 billion deal over US ‘forever chemicals’ claims

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    By Clark Mindock (Reuters) -3M Co has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to “forever chemicals,” the …

  • Business News

    Hunting for returns, savers dash for euro zone government debt

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    By Yoruk Bahceli (Reuters) – Savers across the euro zone are dashing for government debt to secure returns on their cash as banks struggle to keep up with surging interest …

  • Business News

    Singapore May core inflation rises 4.7% y/y, matches forecast

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 4.7% year-on-year in May, official data showed on Friday. The May core inflation rate – which excludes private road transport and …

  • Business News

    Marketmind: Fragile markets wait on PMIs

    by Reuters June 23, 2023
    by Reuters June 23, 2023

    A look at the day ahead in European and global markets from Tom Westbrook A red tide swept over Asia-session screens on Friday as markets took a hot Japanese inflation …

  • Business News

    BOJ tankan Q2 factory mood likely perked up for first time since 2021: Reuters poll

    by Reuters June 22, 2023
    by Reuters June 22, 2023

    By Kantaro Komiya TOKYO (Reuters) – Japan’s factory sentiment likely improved in the second quarter for the first time since mid-2021, thanks to an eased chip supply crunch for automakers, …

  • Business News

    Argentina posts weakest growth since 2020 as drought hits farm sector

    by Reuters June 22, 2023
    by Reuters June 22, 2023

    By Hernan Nessi BUENOS AIRES (Reuters) -Argentina’s economy grew 1.3% year-on-year in the first quarter of 2023, the slowest rise since late 2020, as central bank spending to prop up …

  • Business News

    Japan’s inflation stays above BOJ target, key gauge hits 42-year high

    by Reuters June 22, 2023
    by Reuters June 22, 2023

    By Leika Kihara and Takahiko Wada TOKYO (Reuters) – Japan’s core consumer inflation exceeded forecasts in May and an index excluding fuel costs rose at the fastest annual pace in …

  • Business News

    Japan’s factory activity hampered by weak demand – PMI

    by Reuters June 22, 2023
    by Reuters June 22, 2023

    TOKYO – Japan’s manufacturing activity fell back into contraction in June and service sector growth slowed for the first time in seven months, surveys showed on Friday, as business confidence …

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