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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    TSMC plans second Japan factory to make higher-end chips -media

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    TOKYO (Reuters) – Taiwan Semiconductor Manufacturing Co plans to construct a second chip plant in Japan to manufacture 5 and 10 nanometre chips from the second half of the decade, …

  • Business News

    U.S. likely to cap level of S.Korean chips made in China- U.S. official

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    SEOUL (Reuters) – The United States will likely limit the level of advanced semiconductors made by South Korean companies in China, a senior U.S. official said. In October, South Korea’s …

  • Business News

    Malaysia’s Jan CPI rises 3.7% on-year, in line with forecast

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    KUALA LUMPUR (Reuters) – Malaysia’s consumer price index (CPI) in January rose 3.7% from a year earlier, government data showed on Friday. The rise was in line with the forecast …

  • Business News

    IMF lays out crypto action plan, recommends against legal tender status

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By Marc Jones LONDON (Reuters) – The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea …

  • Business News

    Boeing temporarily halts deliveries of 787 Dreamliner jets -FAA

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By David Shepardson and Valerie Insinna WASHINGTON (Reuters) -Boeing Co has temporarily halted deliveries of its 787 Dreamliner jets as the U.S. planemaker conducts additional analysis on a fuselage component, …

  • Business News

    Ford names Sam Wu as new China chief

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    (Reuters) -Ford Motor Co said on Thursday it has promoted Sam Wu to head up its China business as the U.S. automaker seeks to reverse a more than five-year sales …

  • Business News

    New BOJ Governor nominee Ueda’s comments at parliamentary hearing

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    TOKYO (Reuters) – Japan’s lower house of parliament is conducting confirmation hearings on the government’s nominee for the new central bank governor, Kazuo Ueda, on Friday. Following are excerpts from …

  • Business News

    Incoming BOJ chief Ueda says current low rates appropriate

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    (Reuters) – Incoming Bank of Japan (BOJ) Governor Kazuo Ueda said on Friday it was appropriate to maintain ultra-loose monetary policy as inflation has yet to sustainably and steadily meet …

  • Business News

    Top EU bodies, citing security, ban TikTok on staff phones

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By Foo Yun Chee BRUSSELS (Reuters) -The European Union’s two biggest policy-making institutions have banned TikTok from staff phones for cybersecurity reasons, marking growing concerns about the Chinese short video-sharing …

  • Business News

    Canadian privacy regulators launch joint investigation into TikTok

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By Ismail Shakil OTTAWA (Reuters) -Canada is launching a joint federal and provincial investigation into short-video app TikTok over concerns about the Chinese-owned platform’s collection, use and disclosure of personal …

  • Business News

    JPMorgan’s Dimon says U.S. interest rates could hit 6% -CNBC

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    (Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon expects U.S. interest rates could hit 6%, he said in an interview with CNBC on Thursday. The Federal Reserve quickly …

  • Business News

    Nearly half of Japan firms want BOJ to revise negative rate policy: Reuters poll

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By Rocky Swift TOKYO (Reuters) – Nearly half of Japanese firms say that new leadership at the central bank should revise its negative interest rate policies, while more than a …

  • Business News

    Wall St finishes topsy-turvy day higher, S&P snaps losing run

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By David French (Reuters) – Wall Street ended a topsy-turvy Thursday in positive territory, with the S&P 500 snapping a four-session losing streak, as investors grappled with how interest rate …

  • Business News

    JPMorgan should reveal more about CEO Dimon’s role in Epstein accounts -U.S. Virgin Islands

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co should disclose more about Chief Executive Jamie Dimon’s role in business decisions related to Jeffrey Epstein, the U.S. Virgin …

  • Business News

    G20 finance leaders to gauge toll on global economy on Ukraine war’s anniversary

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By David Lawder BENGALURU (Reuters) – Global finance leaders will tally the economic damage from Russia’s war in Ukraine on Friday as they meet on the conflict’s first anniversary with …

  • Business News

    Colombia’s Viva Air changes CEO as it battles financial woes

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    BOGOTA (Reuters) – Colombian low-cost carrier Viva Air said on Thursday it has appointed Francisco Lalinde as interim president and chief executive as the company faces financial challenges and a …

  • Business News

    After Aeromar’s grounding, Mexico’s aviation workers see turbulent horizon

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By Kylie Madry MEXICO CITY (Reuters) – After Mexican regional carrier Aeromar shuttered its operations last week, workers in the country’s aviation sector are bracing for more turbulence as financial, …

  • Business News

    Mexico’s Televisa posts Q4 net loss, dragged by TelevisaUnivison, Sky

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    MEXICO CITY (Reuters) -Grupo Televisa, Mexico’s largest broadcaster, reported on Thursday a net loss in the fourth quarter of 13.75 billion pesos ($705 million), hurt by losses related to TelevisaUnivison …

  • Business News

    Biden nominates former Mastercard CEO Ajay Banga to head World Bank

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By Andrea Shalal, Valerie Volcovici and David Lawder WASHINGTON (Reuters) -U.S. President Joe Biden nominated former Mastercard Inc CEO Ajay Banga to lead the World Bank, betting the India-born executive’s …

  • Business News

    U.S. preparing antitrust suit to block Adobe plan to buy Figma -Bloomberg News

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    (Reuters) – The U.S. Justice Department is preparing an antitrust lawsuit to block software maker Adobe Inc’s $20 billion bid for cloud-based designer platform Figma, Bloomberg News reported on Thursday, …

  • Business News

    Booking Holdings says quarterly revenue up 36% on strong travel demand

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By Doyinsola Oladipo NEW YORK (Reuters) -Online travel agency Booking Holdings Inc said on Thursday it set a new record in January for monthly room night bookings, with travelers booking …

  • Business News

    New Zealand rate hike in best interests of all amid weather crisis -cenbank

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By Lucy Craymer WELLINGTON (Reuters) – The New Zealand central bank considered the impact of recent extreme weather events when deciding to hike the cash rate by 50 basis points …

  • Business News

    Bankman-Fried faces more criminal charges, allegedly hid political donations

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) – Sam Bankman-Fried was hit with new criminal charges on Thursday, in an expanded indictment accusing the founder of the now-bankrupt …

  • Business News

    U.S. Justice Dept accuses Google of evidence destruction in antitrust case

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By Mike Scarcella (Reuters) – U.S. Justice Department lawyers say that Alphabet Inc’s Google destroyed internal corporate communications and have asked a federal judge to sanction the company as part …

  • Business News

    Stocks, crude oil advances despite higher interest rate expectations

    by Reuters February 23, 2023
    by Reuters February 23, 2023

    By Chibuike Oguh NEW YORK (Reuters) -Global equities and crude oil rebounded from earlier losses on Thursday even as economic data continued to show the strength of the U.S. economy …

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