Breaking Business news from across New Jersey.
PARIS (Reuters) – Heavily indebted French supermarket chain Casino on Thursday announced it would sell its residual equity stake in Brazilian retailer Assai, representing around 12% of the company’s share …
By Kaori Kaneko TOKYO (Reuters) – Japan’s employment trends showed “improvement recently”, the government said in its latest monthly assessment of the economy, noting a decline in the jobless rate …
By Leika Kihara and Takahiko Wada TOKYO/NAHA, Japan (Reuters) -Bank of Japan (BOJ) board member Asahi Noguchi said on Thursday the central bank must maintain ultra-loose monetary policy to ensure …
By Noele Illien ZURICH (Reuters) -The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons from the Credit Suisse crisis that led to the bank’s downfall …
BENGALURU (Reuters) – Private equity firm Carlyle plans to sell its entire 2.53% stake in Indian logistics firm Delhivery via its special purpose vehicle for at least $86 million, according …
A look at the day ahead in European and global markets from Ankur Banerjee The stage is set for the Bank of England on a central bank- heavy day in …
BERLIN (Reuters) – Brexit has been an “economic disaster” for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing …
By Ali Kucukgocmen ISTANBUL (Reuters) -Turkey’s central bank is expected to raise its policy rate sharply on Thursday in a strong signal that re-elected President Tayyip Erdogan has accepted some …
(Reuters) – Telix Pharmaceuticals rose over 3% on Thursday to hit an all-time high, after the radiopharma company said it would acquire UK-based medical device firm Lightpoint Medical. Telix had …
(Corrects story to delete extraneous word in bullet point, fix abbreviation in paragraph 4.) By Kevin Yao and Ziyi Tang BEIJING (Reuters) – China’s central bank is likely to cut …
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal will expand restrictions on the largest ships crossing the waterway, one of the world’s busiest trade passages, the canal authority’s …
By Wayne Cole SYDNEY (Reuters) -The head of Australia’s central bank will find out in July whether he will be reappointed to a second term, as customary, or be passed …
HOUSTON (Reuters) – A fire on a reformer at Exxon Mobil Corp’s 564,440 barrel-per-day (bpd) Baytown, Texas, refinery was quickly extinguished on Wednesday, said people familiar with plant operations. The …
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Wednesday accused Amazon.com of enrolling millions of consumers into its paid subscription Amazon Prime service without their consent and …
(Reuters) – Telecom Italia is restarting its efforts to sell a minority stake in its enterprise unit, potentially valued at more than 6 billion euros ($6.6 billion), Bloomberg News reported …
By Howard Schneider WASHINGTON (Reuters) -Further Federal Reserve rate increases are “a pretty good guess” of where the central bank is heading if the economy continues in its current direction, …
(Reuters) -Technology trade groups as well as Alphabet’s Google have griped to the Federal Trade Commission about allegedly unfair business practices in the cloud, including by the industry’s No. 2 …
(Reuters) -Activist investor Elliott Investment Management is increasing pressure on NRG Energy and seeking to oust its CEO Mauricio Gutierrez, the Wall Street Journal reported on Wednesday, citing people familiar …
By David Shepardson WASHINGTON (Reuters) -A group of 17 Democratic U.S. lawmakers on Wednesday urged the Federal Trade Commission to finalize new consumer protections for car buyers despite objections from …
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Wednesday as Federal Reserve Chairman Jerome Powell’s congressional testimony reinforced the central bank’s objective to rein in inflation …
By David Shepardson WASHINGTON (Reuters) -Alaska Airlines is “anxious” to begin taking deliveries of the larger Boeing 737 MAX 10 to help it carry more passengers once the plane is …
(Reuters) – Bitcoin rallied for a third straight day after hitting its highest level since mid-April, boosted by BlackRock’s plan to create a bitcoin exchange-traded fund (ETF) even as the …
(Reuters) -Bankrupt SVB Financial Group said on Wednesday it is continuing to evaluate strategic alternatives for SVB Capital, its venture capital and credit investment arm, as well as other assets …
By Andrew Goudsward (Reuters) – Law firm Fenwick & West has hired its own outside legal team as it faces scrutiny over its role advising now-bankrupt cryptocurrency exchange FTX, including …
By Jody Godoy (Reuters) – A former Goldman Sachs banker was convicted of insider trading by a New York jury on Wednesday, after prosecutors said he passed tips about potential …