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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Adobe’s $20 billion deal to acquire Figma under threat from EU regulators – FT

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    (Reuters) -European antitrust regulators are preparing to launch a formal investigation into software giant Adobe’s $20 billion buyout deal for cloud-based designer platform Figma later this year, the Financial Times …

  • Business News

    SoftBank’s Son says he is ‘heavy user’ of ChatGPT

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Sam Nussey TOKYO (Reuters) -SoftBank Group Chief Executive Masayoshi Son said on Tuesday he is a “heavy user” of ChatGPT, the artificial intelligence-powered chatbot from Microsoft backed startup OpenAI. …

  • Business News

    Macron’s Paris summit seeks new life for global finance agenda

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Leigh Thomas and Simon Jessop PARIS (Reuters) – French President Emmanuel Macron hosts a summit on Thursday and Friday to pin down a roadmap for easing the debt burdens …

  • Business News

    GE stops servicing gas power turbines in Russia – Kommersant

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    (Reuters) – General Electric has stopped servicing gas turbines at thermal power plants in Russia, the Russian business daily Kommersant reported on Tuesday, citing sources in power generating companies. General …

  • Business News

    Modi says criticism of India’s stance on Russia not widespread in US – WSJ

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    (Reuters) -Indian Prime Minister Narendra Modi has said that India’s stance on Russia in the Ukraine conflict has not faced widespread criticism in the United States. Asked in an interview …

  • Business News

    Australia’s unemployment rate needs to rise to curb inflation – top c.banker

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    SYDNEY (Reuters) -Australia’s unemployment rate needs to rise to help contain inflation and avoid higher interest rates and a deep recession, a top central banker warned on Tuesday, after data …

  • Business News

    Marketmind: Still seeking decisive stimulus in China

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    A look at the day ahead in European and global markets from Sonali Desai Disappointment has been the prevailing sentiment so far this week as investors grow impatient with the …

  • Business News

    ‘Netflix Effect’ lifts Korean content but market control worries grow

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Hyunsu Yim SEOUL (Reuters) – When Netflix co-CEO Ted Sarandos visits South Korea this week he will find an entertainment industry that has achieved global fame through hits such …

  • Business News

    Bank Indonesia to hold key rate at 5.75% for rest of year – Reuters poll

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    By Anant Chandak BENGALURU (Reuters) – Bank Indonesia (BI) will keep its key interest rate unchanged at 5.75% for a fifth consecutive meeting on Thursday and for the rest of …

  • Business News

    China cuts lending benchmarks to revive slowing demand

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    SHANGHAI/SINGAPORE (Reuters) – China cut its key lending benchmarks on Tuesday, the first such reductions in 10 months as authorities seek to shore up a slowing economic recovery, although concerns …

  • Business News

    Japan’s Suzuki to make ‘flying cars’ with SkyDrive

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    TOKYO (Reuters) – Japanese automaker Suzuki Motor Corp said on Tuesday it had reached an agreement with SkyDrive Inc to make “flying cars”. The companies will use a Suzuki Group …

  • Business News

    South Korea to gradually normalise regulations on banks from H2

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    SEOUL (Reuters) – South Korea will gradually unwind relaxed regulations on banks from the second half of this year, the country’s financial regulator said on Tuesday. In a statement, the …

  • Business News

    Japan Finance Minister says no change in FX policy after US report

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s currency policy won’t immediately change after the United States removed the country from its monitoring list, Finance Minister Shunichi Suzuki said on Tuesday, noting …

  • Business News

    Australia’s central bank hiked rates for fear inflation was becoming entrenched

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    SYDNEY, June 20 (Reuters) – Australia’s central bank’s decision to hike interest rates in June was “finely balanced” but judged necessary to ensure high inflation did not become embedded in …

  • Business News

    New Zealand to investigate profitability, competition at banks

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    SYDNEY (Reuters) – New Zealand said on Tuesday it would examine the profitability of the country’s banks and investigate whether competition in the sector was working well for consumers. The …

  • Business News

    Exclusive-Civitas Resources nears $5 billion deal to expand into Permian-sources

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    By David French (Reuters) – Civitas Resources Inc is nearing a deal to acquire oil and gas operations in the Permian basin from private equity firm NGP Energy Capital Management …

  • Business News

    ‘Great Resignation’ continues as quarter of workers look to change jobs – PwC

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    By Divya Chowdhury MUMBAI (Reuters) – A quarter of workers surveyed by PwC expect to change jobs in the next 12 months, up from 19% last year, as they are …

  • Business News

    Bankers see stable interest rates reviving Asia’s capital markets in second half

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    By Scott Murdoch and Yantoultra Ngui SYDNEY/SINGAPORE (Reuters) – Asia’s dealmakers are counting on a pause in rate hikes globally and an economic rebound in China to rekindle activity in …

  • Business News

    Japan regulator sounded out top domestic banks about China risks, sources say

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    By Takaya Yamaguchi, Makiko Yamazaki and Paritosh Bansal TOKYO (Reuters) -Japan’s financial regulator has sounded out top domestic banks about China risks and whether they have plans in place if Sino-Western tensions escalate, according …

  • Business News

    Marketmind: China to cut rates, but by how much?

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The People’s Bank of China takes center stage on Tuesday …

  • Business News

    EU countries fail to agree energy reforms after coal subsidy clash

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    By Kate Abnett LUXEMBOURG (Reuters) -European Union countries failed on Monday to agree on planned new rules for the bloc’s power market, having clashed over a proposal to extend subsidies …

  • Business News

    Paris air show takes off with historic plane order

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    By Tim Hepher, Allison Lampert and Valerie Insinna PARIS (Reuters) -Airbus announced a record 500-plane deal with Indian airline IndiGo on day one of the Paris Airshow on Monday, as …

  • Business News

    US lawmakers to urge automakers to cut reliance on China

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    By David Shepardson WASHINGTON (Reuters) -A bipartisan group of U.S. lawmakers will urge the CEOs of Ford Motor and General Motors to shrink reliance on China auto parts, particularly electric …

  • Business News

    Oil falls on uncertainty about Chinese economic growth

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    By Nia Williams (Reuters) -Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas …

  • Business News

    Mexican inflation seen at lowest level in more than two years-Reuters poll

    by Reuters June 19, 2023
    by Reuters June 19, 2023

    MEXICO CITY (Reuters) – Mexico’s headline inflation likely reached its lowest level in more than two years during the first half of June, but remained above the central bank’s target, …

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