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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Japan’s govt will vow to end deflation with bold monetary, flexible fiscal policy -draft

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Takaya Yamaguchi and Yoshifumi Takemoto TOKYO (Reuters) – Japan’s government will pledge to pull the economy out of deflation through bold monetary policy, flexible fiscal policy and a growth …

  • Business News

    German finance ministry steps up 2024 budget pressure on ministries

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    BERLIN (Reuters) – Germany’s Finance Ministry has informed the other ministries of what budget funds will be available to them next year, it said on Friday, stepping up the pressure …

  • Business News

    World food prices fall to two-year low in May – UN food agency

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    PARIS (Reuters) -The United Nations food agency’s world price index fell in May to its lowest in two years, as a slump in prices of vegetable oils, cereals and dairy …

  • Business News

    Global airline summit to tackle travel boom, climate goals

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Tim Hepher, Joanna Plucinska and Aditi Shah ISTANBUL (Reuters) – Airlines will ride the crest of a faster-than-expected recovery and discuss ways of translating climate pledges into action at …

  • Business News

    RBA to hold rates at 3.85% in June, but may raise again soon

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will keep its key interest rate unchanged at 3.85% on Tuesday despite inflation well above the target range, according to a …

  • Business News

    Japan’s Nikkei closes at 32-year high as US default fears ease

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Rocky Swift TOKYO (Reuters) – Japanese stocks rose on Friday, with the benchmark Nikkei index closing at a three-decade high, after U.S. lawmakers voted to raise the debt limit …

  • Business News

    Take Five: Almost half-time

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    (Reuters) – The hefty weight of tech megacaps, strange reporting rules for an upcoming OPEC meeting and more pain for consumers and businesses Down Under – these are just some …

  • Business News

    Analysis-Lufthansa’s ITA deal heralds more European airline tie-ups

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Joanna Plucinska and Angelo Amante LONDON/ROME (Reuters) – Lufthansa’s purchase of a minority stake in Italy’s loss-making ITA Airways injects fresh momentum into a wave of consolidation in Europe’s …

  • Business News

    Analysis-Banks break taboo for high-risk bonds

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By CarloGiovanni Boffa and Chiara Elisei (Reuters) – Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have …

  • Business News

    U.S. regulation fears drive insurers’ climate alliance break-up

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Tommy Wilkes LONDON (Reuters) -The success of Republicans in triggering the break-up of a coalition of insurance firms aimed at tackling climate change is down to U.S. states being …

  • Business News

    Australia’s largest pension fund freezes work with auditor PwC

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Lewis Jackson SYDNEY (Reuters) – Australia’s largest pension fund will pause use of the domestic unit of auditor PricewaterhouseCoopers (PwC) as the “big four” firm reels from a national …

  • Business News

    Germany leads big bond rally as inflation finally heads down

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Yoruk Bahceli (Reuters) -Germany is leading the biggest rally in global bond markets since March’s banking rout as cooling inflation and a weakening economy suggest European Central Bank rate …

  • Business News

    Marketmind: Markets feel Friday cheer as signs point to Fed pause

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    A look at the day ahead in European and global markets from Ankur Banerjee A risk-on rally fuelled by rising expectations the Federal Reserve will stand still on interest rates …

  • Business News

    Electric truck maker Nikola may do reverse stock split to comply with Nasdaq rules

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Abhirup Roy SAN FRANCISCO (Reuters) -Electric truck maker Nikola Corp may execute a reverse stock split if its stock does not comply with Nasdaq’s minimum bid price requirements within …

  • Business News

    BOJ’s Ueda keeps free hand, says no time frame for achieving price goal

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said the central bank did not have a set time frame for achieving its 2% inflation target due …

  • Business News

    Australia hikes minimum wage as living costs surge

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Stella Qiu SYDNEY (Reuters) -Australia will raise the minimum wage by 5.75% from July 1 as families grapple with soaring living costs, a decision that businesses and some economists …

  • Business News

    Japan’s Q1 GDP growth seen revised up on strong capex: Reuters poll

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely grew more than initially estimated in the first three months of this year, thanks to solid investments by manufacturers, a Reuters …

  • Business News

    Newly approved US flights by Chinese airlines avoid Russian airspace

    by Reuters June 1, 2023
    by Reuters June 1, 2023

    By David Shepardson WASHINGTON (Reuters) – Chinese airlines are avoiding flying over Russian airspace in newly approved flights to and from the United States, according to flight tracking website FlightAware …

  • Business News

    South Korean inflation cools to 19-month low, core remains higher

    by Reuters June 1, 2023
    by Reuters June 1, 2023

    By Jihoon Lee SEOUL (Reuters) -South Korea’s consumer inflation eased for a fourth consecutive month in May to the lowest in 19 months but core inflation remained elevated, clouding views …

  • Business News

    Meta to test limiting some news access on Facebook, Instagram in Canada

    by Reuters June 1, 2023
    by Reuters June 1, 2023

    (Reuters) -Meta Platforms Inc on Thursday said it will begin tests on its social media websites Facebook and Instagram that will limit some users and publishers from viewing or sharing …

  • Business News

    Bank of China chairman visits Papua New Guinea amid Sino-US strategic rivalry

    by Reuters June 1, 2023
    by Reuters June 1, 2023

    By Kirsty Needham SYDNEY (Reuters) – Bank of China chairman Ge Haijiao has travelled to Papua New Guinea (PNG) as the world’s fourth-largest bank seeks an operating licence in the …

  • Business News

    Japan, South Korea finance ministers to hold next meeting on June 29

    by Reuters June 1, 2023
    by Reuters June 1, 2023

    SEOUL/TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki and South Korean Finance Minister Choo Kyung-ho will meet on June 29 in Tokyo for the next bilateral meeting, almost two months …

  • Business News

    Twitter’s head of trust and safety says she has resigned

    by Reuters June 1, 2023
    by Reuters June 1, 2023

    By Sheila Dang (Reuters) – Twitter’s head of trust and safety, Ella Irwin, told Reuters on Thursday that she has resigned from the social media company, which has faced criticism …

  • Business News

    Florence seeks to ban Airbnb rentals apartments from city centre – mayor

    by Reuters June 1, 2023
    by Reuters June 1, 2023

    By Federica Urso and Federico Maccioni ROME (Reuters) -Florence wants to ban residential properties in its historic centre from being used for short-term rentals by platforms such as Airbnb in …

  • Business News

    Macau’s May casino revenue soars 366% year on year on visitor influx

    by Reuters June 1, 2023
    by Reuters June 1, 2023

    HONG KONG (Reuters) -Casino revenues in Macau, the world’s biggest gambling hub, surged 366% from a year ago to total 15.6 billion patacas ($1.93 billion) in May, the highest since …

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