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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Greek EU-harmonised inflation eases to 7.3% y/y in January

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    ATHENS (Reuters) – Greece’s annual EU-harmonised consumer prices slowed to 7.3% in January from 7.6% in December, easing to its lowest level since February last year, data showed on Wednesday. …

  • Business News

    India may consider fuel, maize tax cuts to cool inflation – sources

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    By Swati Bhat and Aftab Ahmed MUMBAI/NEW DELHI (Reuters) – The Indian government could consider reducing taxes on some items such as maize and fuel in response to the central …

  • Business News

    China central bank: will encourage increased lending to private enterprises

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    BEIJING (Reuters) – China’s central bank said on Wednesday it will encourage financial institutions to increase lending to private enterprises to support the economy, according to a statement released on …

  • Business News

    Saudi inflation ticks up to 3.4% in January as housing costs rise

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    By Yousef Saba DUBAI (Reuters) – Saudi Arabia’s annual inflation inched up to 3.4% in January from 3.3% a month earlier as higher housing expenses continued to drive up living …

  • Business News

    UK house prices up 9.8% in year to December – ONS

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    LONDON (Reuters) -British house prices rose by 9.8% year-on-year in December compared with the same month in 2021, the office for National statistics (ONS) said on Wednesday. The increase was …

  • Business News

    How secret London talks led to Air India’s gigantic plane order

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    By Aditi Shah and Tim Hepher BENGALURU/PARIS (Reuters) -Air India’s record aircraft deal has put the Tata Group-owned airline in the league of aspiring global carriers. On Tuesday, it provisionally …

  • Business News

    Inflation in Pakistan could average 33% in H1 2023, says Moody’s economist

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    By Swati Bhat and Gibran Naiyyar Peshimam MUMBAI/ISLAMABAD (Reuters) – Inflation in Pakistan could average 33% in the first half of 2023 before trending lower, and a bailout from the …

  • Business News

    Exclusive-G20 host India to propose China, other creditors take haircuts on loans – sources

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    By Neha Arora and Aftab Ahmed NEW DELHI (Reuters) – India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the …

  • Business News

    Analysis-Washington pushes for harsher action against banks with Russia ties

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    By John O’Donnell BERLIN (Reuters) -The United States could sanction more banks with links to Russia and will step up enforcement against any dodging existing rules, a senior U.S. official …

  • Business News

    Heineken sees 2023 profit increase despite Europe weakness

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    By Philip Blenkinsop BRUSSELS (Reuters) -Heineken, the world’s second-largest brewer, repeated its forecast of a profit increase this year despite weakness in Europe, as it reported a higher-than-expected 2022 profit …

  • Business News

    Euro zone inflation could fall faster than thought, ECB’s De Cos says

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    MADRID (Reuters) – Euro zone inflation could fall faster than earlier thought given a host of positive developments in recent months but past price hikes and a tight labour market …

  • Business News

    Column-Faced down by Fed, markets dab 6% onto risk radar :Mike Dolan

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    By Mike Dolan LONDON (Reuters) – Market pricing tends to swing back and forth like a pendulum around eventual outcomes – and investors may now have to brace for another …

  • Business News

    Factbox: Steelmaker Celsa puts Spain’s new insolvency law to test

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    By Jesús Aguado and Chiara Elisei Spain’s largest private industrial group, Celsa, is putting a new insolvency law to the test with creditors and family owners unable to agree on …

  • Business News

    Berkshire dumps shares in TSMC, banks; increases Apple stake

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    By Carolina Mandl and Sittrarasu S NEW YORK/BANGALORE (Reuters) -Warren Buffett’s Berkshire Hathaway Inc slashed its stake in Taiwanese contract chipmaker TSMC as well as in some banks in the …

  • Business News

    South Korea Jan import price growth at near 2-year low

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    SEOUL (Reuters) – South Korea’s import prices fell for a third consecutive month in January to bring the annual growth rate down to a near 2-year low, data showed on …

  • Business News

    Japan’s PM says he hopes new BOJ chief will heed govt goal of higher wages

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    By Leika Kihara and Satoshi Sugiyama TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Wednesday he hoped the central bank’s new leadership will take into account the government’s goal …

  • Business News

    Analysis: China retail investors from Gen-Z to retirees sit out stock rally

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    By Winni Zhou and Summer Zhen SHANGHAI/HONG KONG (Reuters) – China’s retail investors have a case of deep pockets and heavy hands as they are skipping out on the sharp …

  • Business News

    When meeting expectations isn’t enough

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    A look at the day ahead in European and global markets from Anshuman Daga It was billed as one of the most important data points for makets that were desperate …

  • Business News

    Itochu to supply renewable energy to Meta in U.S., Amazon in Japan

    by Reuters February 15, 2023
    by Reuters February 15, 2023

    (Reuters) – Japanese trading house Itochu Corp has agreed to supply wind-generated power to Meta Platforms in the United States and solar energy to Amazon in Japan, it said on …

  • Business News

    Australian rates have not peaked, path to soft landing narrow – RBA

    by Reuters February 14, 2023
    by Reuters February 14, 2023

    SYDNEY (Reuters) -The head of the Reserve Bank of Australia (RBA) reiterated on Wednesday that interest rates had not peaked, adding that he was unsure how high they had to …

  • Business News

    Thai economy recovering steadily, tourism to drive 2023 growth – Finance Minister

    by Reuters February 14, 2023
    by Reuters February 14, 2023

    BANGKOK (Reuters) – Thailand’s economy is recovering slowly but steadily, boosted by a rebound in a vital tourism sector that will remain the key driver of growth this year, its …

  • Business News

    TSMC approves capital injection of $3.5 billion for Arizona factory

    by Reuters February 14, 2023
    by Reuters February 14, 2023

    TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Tuesday its board had approved a plan of capital injection of up to $3.5 billion to TSMC Arizona. TSMC in December tripled …

  • Business News

    Out of lockdown, Kmart pushes Australia’s Wesfarmers to higher profit

    by Reuters February 14, 2023
    by Reuters February 14, 2023

    By Byron Kaye and Roushni Nair (Reuters) -Australia’s biggest listed conglomerate Wesfarmers Ltd booked a better-than-expected interim profit as a post-lockdown rebound at its Kmart chain offset a sluggish performance …

  • Business News

    Australia’s Fortescue FFI sees Texas potential among 5 key projects

    by Reuters February 14, 2023
    by Reuters February 14, 2023

    MELBOURNE (Reuters) – Australia’s Fortescue Metals Group sees green hydrogen production in Texas as likely to be one of five key projects its energy division will decide to invest in …

  • Business News

    U.S. Senator Rubio seeks review of Ford technology deal with China’s CATL

    by Reuters February 14, 2023
    by Reuters February 14, 2023

    By David Shepardson WASHINGTON (Reuters) – Senator Marco Rubio on Tuesday asked the Biden administration to review Ford Motor’s deal to use technology from Chinese battery company CATL as part …

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