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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Angola’s next debt issuance to be ESG bond, but not in 2023

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

    By Joe Bavier and Jorgelina do Rosario WASHINGTON (Reuters) -Angola’s next sovereign debt issuance will be an ESG bond of up to $1 billion, its finance minister told Reuters on …

  • Business News

    Angola’s next debt issuance to be ESG bond, but not in 2023

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

    By Joe Bavier and Jorgelina do Rosario WASHINGTON (Reuters) – Angola’s next sovereign debt issuance will be an ESG bond of up to $1 billion, its finance minister told Reuters …

  • Business News

    Hedge funds bought financial stocks amid banking turmoil, says S&P

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

    By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their exposure to stocks in the financial sector amid the banking turmoil in March, as they saw a buying opportunity …

  • Business News

    Delta remains bullish on travel demand, forecasts strong earnings

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

    By Rajesh Kumar Singh and Aishwarya Nair CHICAGO (Reuters) – Delta Air Lines on Thursday offered an upbeat outlook for summer travel demand that it expects will result in higher-than-expected …

  • Business News

    Lucid’s first-quarter vehicle production, deliveries fall sequentially

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

    (Reuters) -Lucid Group Inc on Thursday reported first-quarter production and delivery figures that were lower than the preceding three months, in line with its guidance of weak production this year. …

  • Business News

    IMF urges Asia to keep monetary policy tighter for longer

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

    By Leika Kihara WASHINGTON (Reuters) -Asian central banks may need to keep monetary policy “tighter for longer” to combat still substantial inflation risks, senior International Monetary Fund official Krishna Srinivasan …

  • Business News

    Irish regulator has month to make order on EU-US Facebook data transfers

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

    DUBLIN (Reuters) – Ireland’s data regulator has one month to make an order on blocking Facebook’s transatlantic data flows, European Union regulators said on Thursday. EU regulators led by Ireland’s …

  • Business News

    US labor market gradually losing steam; producer inflation cooling

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

    By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased more than expected last week, further evidence that labor market conditions were gradually …

  • Business News

    Mexico airport operator GAP says nearshoring, fleet expansions fuel growth

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

    By Kylie Madry MEXICO CITY (Reuters) – The airport operating business in Mexico is thriving as traffic surges due to multinational companies bringing overseas operations closer to home and growth …

  • Business News

    Crypto investors face delays in withdrawing funds after Ethereum upgrade

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

    By Elizabeth Howcroft LONDON (Reuters) -Cryptocurrency investors are facing delays to withdraw funds deposited on the Ethereum blockchain after its major software upgrade, highlighting persistent headaches for Ethereum which aims …

  • Business News

    Trump-backed SPAC Digital World names new CFO

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

    (Reuters) – Digital World Acquisition Corp, a blank-check firm that is set to merge with former U.S. President Donald Trump’s media and technology company, on Thursday named Katherine Chiles as …

  • Business News

    Stocks gain, gold jumps as Fed rate hike pause seen

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

    By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) – A gauge of global stocks rallied and bond yields were steady on Thursday after moderating U.S. producer prices and a …

  • Business News

    Oil drops 1% after scaling multi-month highs on OPEC’s demand warning

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

    By Shariq Khan BENGALURU (Reuters) -Oil prices fell a dollar a barrel on Thursday, as an OPEC report stoked summer demand worries and traders took profits after benchmarks scaled multi-month …

  • Business News

    Exclusive-To measure progress on sovereign debt, look to actual deals -World Bank’s Malpass

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

    By Andrea Shalal WASHINGTON (Reuters) -World Bank President David Malpass on Thursday said progress on sovereign debt issues would be measured by actual restructuring deals being agreed for Ghana, Ethiopia …

  • Business News

    Dollar dips as producer prices cool, euro hits one-year high

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

    By Karen Brettell NEW YORK (Reuters) – The dollar fell to a two-month low against a basket of currencies and a one-year low against the euro on Thursday after U.S. …

  • Business News

    IMF to Latin America: tighten your belts

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

    (Reuters) – After central banks across Latin America and the Caribbean raised rates to battle inflation, the International Monetary Fund is now pointing at less spending from governments to help …

  • Business News

    Kroger fights antitrust case as lacking ‘real-world’ facts

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

    By Mike Scarcella (Reuters) – Food and drug retailer Kroger Co on Wednesday asked a U.S. judge to dismiss as “speculative” a consumer antitrust lawsuit alleging the company’s proposed $24.6 …

  • Business News

    Google faces judge’s questions as it asks court to toss U.S. antitrust lawsuit

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

    By Diane Bartz WASHINGTON (Reuters) -Google faced pointed questions from a judge on Thursday as it argued that the U.S. Justice Department’s allegations that it broke antitrust law to build …

  • Business News

    Morocco cancels value-added tax on agricultural products to curb inflation

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

    RABAT (Reuters) – The Moroccan government said on Thursday it adopted a decree cancelling the value-added tax on agricultural inputs to help lower prices of fresh produce and other agrifoods. …

  • Business News

    JPMorgan drops, cuts credit to Indian metals clients – broker

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

    By Eric Onstad and Niket Nishant LONDON/BENGALURU (Reuters) -JPMorgan Chase & Co has dropped or cut credit lines to a large number of Indian metals clients, sending them looking for …

  • Business News

    Commercial real estate woes weigh on New York City recovery, NY Fed says

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

    By Michael S. Derby (Reuters) – Ongoing stress in the New York City commercial real estate sector is still creating economic headwinds for the region as it nears a complete …

  • Business News

    Exxon CEO’s pay rose 52% in 2022, highest among oil peers

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

    By Sabrina Valle HOUSTON (Reuters) -U.S. oil bosses generally collected huge paychecks last year on the back of high energy prices and record profits, with Exxon Mobil Corp’s <XOM.N> chief …

  • Business News

    BNP Paribas appoints José Placido as its US unit’s CEO

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

    (Reuters) – BNP Paribas said on Thursday it has appointed José Placido as chief executive officer of its U.S. operations, effective April 1. José will assume the role of CEO …

  • Business News

    Wells Fargo names Saul Van Beurden as CEO for consumer banking unit

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

    (Reuters) – Wells Fargo has named Saul Van Beurden as the chief executive officer of its consumer and small business banking (CSBB) unit, effective May 15, it said on Thursday. …

  • Business News

    Britain’s Hunt: GDP figures show there’s ‘no room for complacency’

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

    LONDON (Reuters) – British finance minister Jeremy Hunt said on Thursday there was no room for complacency in tackling low growth and high inflation after data showed the economy stagnated …

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