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Category:

Business News

Breaking Business news from across New Jersey.

  • Breaking NewsBusiness NewsCommunity NewsOcean County NewsToms River News

    Toms River Recreation Department Hiring for Summer Jobs

    by Phil Stilton April 19, 2023
    by Phil Stilton April 19, 2023

    TOMS RIVER, NJ – The Toms River Recreation Department is hiring for summer positions in beach and public pool maintenance, beach and pool cashiers, and summer day camp counselors. The …

  • Business News

    Brazil new fiscal framework designed to ‘last for long time’ -official

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    SAO PAULO (Reuters) – Brazil’s Treasury Secretary Rogerio Ceron said on Wednesday that a new fiscal framework proposed by the government was designed to last for a long time, facing …

  • Business News

    Market stress may pressure Spanish banks despite strong liquidity- cenbank

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Jesús Aguado MADRID (Reuters) -Spanish lenders may feel the impact from rising global risks, such as the higher cost of funding and liquidity stress, though their cash positions remained …

  • Business News

    Abrdn weighs split of private equity assets to draw fresh bids –source

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Pablo Mayo Cerqueiro and Iain Withers LONDON (Reuters) – Abrdn is seeking to individually sell a batch of private equity businesses which collectively have about 12 billion pounds of …

  • Business News

    Airline capacity constrained until 2025 due to delivery delays, spare parts -IATA

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    DUBLIN (Reuters) – Global airline capacity will be lower than expected this year and stay constrained until 2025 at the earliest, warned IATA director general Willie Walsh, due to delays …

  • Business News

    Silicon Valley 5G chip startup EdgeQ raises $75 million to boost production

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley 5G chip startup EdgeQ Inc said on Wednesday it raised $75 million to help fund a ramp up in production …

  • Business News

    Import ban pushes Pakistan back to budget account surplus

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s current account recorded a surplus in March, the highest in two years, the country’s central bank and market analysts said, following stringent import …

  • Business News

    Spotify back up for most users after global outage

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    (Reuters) -Audio streaming platform Spotify was back up for most users, the company said on Wednesday, after a brief outage that disrupted service for tens of thousands of users globally. …

  • Business News

    Netflix reports mixed earnings as password crackdown set to expand

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Dawn Chmielewski and Lisa Richwine (Reuters) – Netflix Inc beat Wall Street earnings estimates for the first quarter but offered a lighter-than-expected forecast on Tuesday, demonstrating the challenges the …

  • Business News

    Storm clouds gather over highly indebted companies, Moody’s says

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Matt Tracy WASHINGTON (Reuters) – Credit ratings agency Moody’s Investors Service Inc said on Wednesday it has pushed more highly indebted companies to the bottom of its junk ratings …

  • Business News

    Japan’s SMFG is first global bank to sell AT1 bonds since C.Suisse wipeout

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Junko Fujita TOKYO (Reuters) -Japan’s Sumitomo Mitsui Financial Group (SMFG) sold $1 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major global bank to sell the …

  • Business News

    Airbus to give 5%-7.4% pay hike to workers in Spain, union says

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    MADRID (Reuters) – Aircraft maker Airbus agreed with Spanish labour unions to raise its workers’ salaries by between 5% and 7.4% this year on top of a 1,000 euro ($1,094) …

  • Business News

    Foreign investors set sights on Turkey after elections

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Orhan Coskun and Birsen Altayli ANKARA (Reuters) – International investors are looking to increase investments in Turkey, notably in mergers and acquisitions, as they anticipate a shift to a …

  • Business News

    Brazil’s industrial output down for 3rd month in a row in February

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    SAO PAULO (Reuters) – Industrial production in Brazil fell for the third consecutive month in February, government statistics agency IBGE said on Wednesday, with the sector still below pre-pandemic levels …

  • Business News

    Swiss government reiterates financial commitment to Credit Suisse deal

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    ZURICH (Reuters) -The Swiss government said commitments to the Swiss National Bank and UBS to ease the takeover of Credit Suisse will not be affected by parliament’s rejection of 109 …

  • Business News

    Factbox-Red-hot copper riding a new wave of consolidation

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    (Reuters) – Glencore Plc has offered $22.5 billion for Canadian copper miner Teck Resources Ltd, the latest in a wave of deals in the global copper industry amid surging demand …

  • Business News

    Testing waters, Hungary’s central bank flags cut in top end of rate corridor

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Krisztina Than and Alan Charlish BUDAPEST (Reuters) – Hungary’s central bank could cut its 25% top collateralised loan rate next week as part of a “multi-step process” towards policy …

  • Business News

    Ryanair to trim schedules as 10 Boeing jets likely delayed

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Conor Humphries DUBLIN (Reuters) – Ryanair will have to trim its July schedule because it expects around 10 Boeing 737 MAX aircraft will be delayed due to manufacturing issues, …

  • Business News

    Citigroup hikes 2023 global growth forecast, sees US recession only in Q4

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    (Reuters) -Citigroup raised its 2023 global economic growth forecast to 2.4%, citing “solid” performance in the United States, euro area and China, and also pushed out its expectation for a …

  • Business News

    U.S. Bancorp beats profit estimates as higher rates boost interest income

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    (Reuters) – U.S. Bancorp (USB) on Wednesday beat estimates for first-quarter profit as rapid rate hikes from the Federal Reserve helped the lender earn more from the interest charged on …

  • Business News

    Euro zone services booming but sentiment recovery may have stalled -ECB’s Lane

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    DUBLIN (Reuters) -Growth in services across the euro zone is still accelerating but the steady improvement in business and consumer sentiment may have stalled, European Central Bank chief economist Philip …

  • Business News

    Ghana’s economy grew 3.1% in 2022, 3.7% in fourth quarter, statistics office says

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Christian Akorlie ACCRA (Reuters) -Ghana’s economy grew 3.1% year-on-year in 2022, compared with a growth rate of 5.1% the previous year, the country’s statistics agency said on Wednesday. The …

  • Business News

    UK records western Europe’s highest inflation as March fall disappoints

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Andy Bruce and David Milliken LONDON (Reuters) – Britain was the only country in western Europe with double-digit inflation in March after it fell less than expected, official data …

  • Business News

    TSMC seeks up to $15 billion from US but objects to certain conditions- WSJ

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    (Reuters) -Taiwan Semiconductor Manufacturing Co Ltd is pushing back on some of the conditions the United States has attached to chip-factory subsidies as it seeks up to $15 billion from …

  • Business News

    Analysis-Planemakers talk up ‘surge capacity’ amid industrial woes

    by Reuters April 19, 2023
    by Reuters April 19, 2023

    By Tim Hepher and Valerie Insinna PARIS/WASHINGTON (Reuters) -Planemakers have signalled a shift in production strategy to make factories more resilient to recent supply disruptions by adding “surge capacity,” even …

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