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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    China’s PBOC set to inject fresh funds via medium-term policy loans -survey

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    SHANGHAI (Reuters) – China’s central bank is expected to inject more liquidity when rolling over maturing medium-term policy loans for a fifth straight month on Monday, while keeping the interest …

  • Business News

    Analysis-No China, no deal: Bid to break sovereign debt logjams gets weary thumbs up

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    By Libby George and Marc Jones LONDON (Reuters) – The latest bid by the world’s leading institutions and creditors to speed up debt restructurings and get bankrupt countries back on …

  • Business News

    Tesla to skip Shanghai Autoshow, organiser’s plan shows

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    SHANGHAI (Reuters) – Tesla will not occupy a booth at China’s largest annual autoshow to be held next week in Shanghai, according to plans published by the event’s organisers. The …

  • Business News

    Ghana expects IMF loan approval in May – minister

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    (This April 13 story has been corrected to change IMF loan approval to May from June in the headline and first paragraph) ACCRA (Reuters) – Ghana expects the International Monetary …

  • Business News

    Boeing halts deliveries of some 737 MAXs amid new supplier problem

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    By Valerie Insinna and David Shepardson WASHINGTON (Reuters) -Boeing has halted deliveries of some 737 MAXs as it grapples with a new supplier quality problem by Spirit AeroSystems that could …

  • Business News

    Japan inflation seen persisting, export slowdown to push up trade deficit – Reuters poll

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s core consumer inflation likely held steady in March, a Reuters poll of 19 economists showed, highlighting persistent price strains and keeping the central …

  • Business News

    Rheinmetall wins subcontractor role on Norway’s Leopard tank order

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    (Reuters) – Rheinmetall has been hired as a subcontractor in the Norwegian armed forces’ order for 54 Leopard 2 battle tanks from Krauss-Maffei Wegman (KMW), the German manufacturer said on …

  • Business News

    China willing to work with Germany on economy, trade

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    BEIJING (Reuters) – China is willing to work with Germany on the economic and trade fronts, and the two countries are partners, not adversaries, its foreign minister, Qin Gang, said …

  • Business News

    Pakistan’s cenbank governor says inflation to begin decelerating over next few months

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    (Reuters) – Pakistan’s central bank governor said on Friday that the country’s inflation is expected to start decelerating over the next few months. “And with the revival of the IMF …

  • Business News

    Hungary quit Russian bank as U.S. sanctions ‘ruined’ it, PM Orban says as relations worsen

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    BUDAPEST (Reuters) – Hungary abandoned a Budapest-based Russian bank this week because U.S. sanctions had “ruined” it, Prime Minister Viktor Orban said on Friday, adding that Hungary would comply with …

  • Business News

    Britain’s Superdry considering 20% equity raise

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    LONDON (Reuters) – Struggling British fashion brand Superdry said on Friday a potential equity raise of up to 20% backed by founder and CEO Julian Dunkerton was among funding options …

  • Business News

    French inflation revised slightly upwards in March to 5.7% – final figures

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    PARIS(Reuters) – French annual inflation rose to a slightly revised 5.7% in March – albeit down from 6.3% in February – as lower energy prices helped offset surging food prices, …

  • Business News

    China’s first-quarter GDP growth seen rebounding to 4.0%, 2023 rate seen at 5.4% – Reuters poll

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    By Kevin Yao BEIJING (Reuters) – China’s gross domestic product likely perked up in the first quarter of the year, a Reuters poll showed on Friday, as the end of …

  • Business News

    Feeling poorer: Property slump hurting Chinese consumers, clouds recovery

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Liu Baoxiang, who runs a mahjong parlour in a city on China’s rust belt, no longer splurges on extravagant fashion …

  • Business News

    Brands look to China’s tropical duty free island paradise for consumer comeback

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    By Casey Hall HAIKOU, China (Reuters) -Representatives of over 3,000 brands including Burberry and Estee Lauder descended on China’s Hainan this week to show off their latest wares, hoping to …

  • Business News

    German wholesale price index up 2% year-on-year in March

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    (Reuters) – Germany’s wholesale price index rose in March compared with the same month last year, according to data released on Friday. Wholesale prices increased by 2% on the year, …

  • Business News

    Singapore unexpectedly leaves monetary policy unchanged as risks grow

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    SINGAPORE (Reuters) -Singapore’s central bank on Friday left its monetary policy settings unchanged, reflecting the city-state’s concerns about its growth outlook and surprising economists who had expected another round of …

  • Business News

    European exchanges’ defensive appeal attracts investors after bank turmoil

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    By Danilo Masoni and Samuel Indyk MILAN/LONDON (Reuters) – European exchange stocks stand to benefit from a spike in volatility surrounding the downfall of Credit Suisse, as some investors turn …

  • Business News

    Tesla sets up new-energy firm in Shanghai with $2 million registered capital -Tianyancha

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    BEIJING (Reuters) – Tesla Inc has set up a new-energy company in Shanghai with registered capital of $2 million, according to Tianyancha, a company information data provider. (Reporting by Beijing …

  • Business News

    ECB needs more rate hikes and faster balance sheet cuts, Wunsch says

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    By Balazs Koranyi WASHINGTON (Reuters) – The European Central Bank should speed up the reduction of its balance sheet and could stop reinvesting cash from debt maturing in its largest …

  • Business News

    Marketmind: Singapore signals a peak for policy tightening

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    A look at the day ahead in European and global markets from Wayne Cole. Singapore’s central bank sprang the surprise of the Asian day by halting its tightening cycle when …

  • Business News

    Bank Indonesia forecast to hold rates at 5.75% for rest of 2023

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    By Sujith Pai and Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Bank Indonesia is expected to keep its key interest rate unchanged at 5.75% for a third consecutive meeting on …

  • Business News

    Japan convening panel on digital yen as BOJ pilot scheme gets underway

    by Reuters April 14, 2023
    by Reuters April 14, 2023

    TOKYO (Reuters) – Following the Bank of Japan’s launch this month of a pilot programme to test the use of a digital yen, the Ministry of Finance plans to convene …

  • Business News

    Pakistan hopes to seal key IMF bailout agreement soon

    by Reuters April 13, 2023
    by Reuters April 13, 2023

    By Ariba Shahid KARACHI, Pakistan (Reuters) -Pakistan’s debt continues to be sustainable, International Monetary Fund (IMF) managing director Kristalina Georgieva said on Thursday, after the government reiterated it had completed …

  • Business News

    Nvidia enhances mid-range video gaming chip with AI technology

    by Reuters April 13, 2023
    by Reuters April 13, 2023

    By Stephen Nellis (Reuters) – Nvidia Corp said on Wednesday it is packing one of its mid-range chips for gamers with more artificial intelligence features to improve graphics, underscoring the …

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