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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Shareholder group ISS backs Barclays board over former CEO Staley

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    By Sinead Cruise LONDON (Reuters) -Institutional Shareholder Services (ISS) has recommended Barclays investors re-elect all board members at next month’s annual meeting, sapping the momentum of protests against bosses for …

  • Business News

    Big UK firms shrug off banking turmoil and turn more hopeful – Deloitte

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    LONDON (Reuters) – Finance executives at top British firms have reported the sharpest rise in optimism since late 2020 and the recent upheaval in the global banking sector has not …

  • Business News

    IKEA lookalike ‘Swed House’ opens in Moscow to mixed reactions

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    MOSCOW (Reuters) – Belarusian furniture company Swed House, which sells items intended to look like those made by Swedish giant IKEA, opened its first store in Moscow on Saturday to …

  • Business News

    India’s March wholesale inflation eases to 30-month low on easing input prices

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    NEW DELHI (Reuters) – India’s annual wholesale-price based inflation (WPI) eased to the lowest in nearly 30 months, as input prices continued to moderate, government data showed on Monday. WPI …

  • Business News

    Exclusive-Nissan takes its own road, minus Renault, in seeking tech tie-up

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    By Norihiko Shirouzu and Maki Shiraki (Reuters) -Nissan is developing growth plans in areas such as software and electric vehicles (EVs) independent of Renault SA as the automakers work to …

  • Business News

    The Fed and a soft landing? It’s not as rare as you think: McGeever

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    By Jamie McGeever ORLANDO, Florida (Reuters) -Engineering a soft landing is hard. But if you zoom out from the strictest definition of the term, the U.S. Federal Reserve has managed …

  • Business News

    Recruiter PageGroup sees 29% slump in annual profit on tough market conditions

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    (Reuters) -PageGroup on Monday became the latest recruiter to warn of tough conditions in the labour market as it forecast a near 29% slump in 2023 profit, partly hit by …

  • Business News

    SAS will not use second tranche of $700 million Apollo loan

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    COPENHAGEN (Reuters) – SAS will not be using the second tranche of its $700 million debtor-in-possession (DIP) term loan in the second quarter of the year, due to stronger than …

  • Business News

    Take Five: How bad is it?

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    LONDON (Reuters) – Earnings season gets into full swing, while the first snapshot of business activity in April could provide a sense of how much pain the turmoil in the …

  • Business News

    German engineering production rises at the start of 2023 – VDMA

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    BERLIN (Reuters) – Production in Germany’s engineering sector rose by 3.2% in the first two months of 2023 compared with the same months last year as supply chain bottlenecks eased …

  • Business News

    Germany’s Buch seen as favorite to be new ECB top supervisor, sources say

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    By Balazs Koranyi WASHINGTON (Reuters) -Three women are seen as the top contenders to become the European Central Bank’s new supervisory chief, with Germany’s Claudia Buch considered the clear favorite, …

  • Business News

    Factbox-Tesla’s Shanghai plant, targeted by worker protest, is key hub for EV maker

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    (Reuters) – Workers from Tesla’s Shanghai factory have taken the unusual step of posting on social media to appeal to Elon Musk and the Chinese public after being told over …

  • Business News

    Analysis-Central banks have yet to script final act of inflation fight as risks rise

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    By Howard Schneider and Balazs Koranyi WASHINGTON (Reuters) – Major central banks may be deep into their drive to raise interest rates in hopes of killing inflation, but the endgame …

  • Business News

    NZ food prices surge, Q1 inflation awaited as another rate hike expected

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    By Lucy Craymer WELLINGTON (Reuters) – New Zealand food prices surged in March as flash floods and a cyclone this year jacked up fruit and vegetable prices, with economists expecting …

  • Business News

    Australia nears wide-ranging shake up of its central bank

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    SYDNEY (Reuters) – Australia’s Treasurer on Monday said he was close to announcing details of a wide-ranging review into the country’s central bank which would require legal changes for some …

  • Business News

    European stocks: A global investor’s new best friends

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    By Dhara Ranasinghe, Samuel Indyk and Alun John LONDON (Reuters) -European equity markets are basking in a glow that even greater uncertainty unleashed by turmoil in the banking sector appears …

  • Business News

    Marketmind: Markets hope China chooses to surprise on the upside

    by Reuters April 17, 2023
    by Reuters April 17, 2023

    (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a careful start to the week in Asia with stocks and bonds …

  • Business News

    Analysis-New BOJ chief’s message to world: We’re staying the course – for now

    by Reuters April 16, 2023
    by Reuters April 16, 2023

    By Leika Kihara WASHINGTON (Reuters) – Japan’s new central bank Governor Kazuo Ueda gave a clear message to policymakers gathered for global finance meetings here over the last week: The …

  • Business News

    Australian court approves BHP’s $6.4 billion OZ Minerals takeover

    by Reuters April 16, 2023
    by Reuters April 16, 2023

    (Reuters) – Global miner BHP Group Ltd said on Monday the Federal Court of Australia had approved its A$9.6 billion ($6.44 billion) takeover of OZ Minerals Ltd. The court approval …

  • Business News

    South Korea and Japan’s finance ministers to hold first bilateral talks in 7 years

    by Reuters April 16, 2023
    by Reuters April 16, 2023

    SEOUL/TOKYO (Reuters) – South Korea and Japan’s finance ministers will hold a bilateral meeting early next month for the first time in seven years, heralding closer cooperation in economic policy …

  • Business News

    China central bank boosts liquidity support with roll over of medium-term loans

    by Reuters April 16, 2023
    by Reuters April 16, 2023

    SHANGHAI/SINGAPORE (Reuters) -China’s central bank bolstered liquidity support for the economy as it rolled over maturing medium-term policy loans with higher cash offerings for the fifth month on Monday, while …

  • Business News

    Singapore March exports fall 8.3% y/y, drop less than forecast

    by Reuters April 16, 2023
    by Reuters April 16, 2023

    By Chen Lin SINGAPORE (Reuters) – Singapore’s March non-oil domestic exports (NODX) shrank 8.3% year-on-year, official data showed on Monday, though the drop was smaller than the previous month and …

  • Business News

    VinFast ships 2nd batch of longer-range electric SUVs to North America

    by Reuters April 16, 2023
    by Reuters April 16, 2023

    HANOI (Reuters) – Vietnam’s electric vehicle maker VinFast said on Monday it had shipped a second batch of 1,879 longer-range VF 8 sport utility vehicles (SUVs), as it seeks to …

  • Business News

    China March new home prices rise at fastest pace in 21 months

    by Reuters April 16, 2023
    by Reuters April 16, 2023

    BEIJING (Reuters) -China’s new home prices rose in March at the fastest pace in 21 months, official data showed on Saturday, suggesting the market is out of the doldrums amid …

  • Business News

    At China’s largest trade fair, exporters worry about world economy

    by Reuters April 16, 2023
    by Reuters April 16, 2023

    By Ellen Zhang and David Kirton GUANGZHOU (Reuters) -Chinese exporters exhibiting their products at the country’s largest trade fair said the weak global economy was hurting their businesses, with many …

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