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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Exclusive-Airbus roiled by poor start to 2023 as industrial pressure grows

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Tim Hepher PARIS (Reuters) -The boss of European planemaker Airbus has read the riot act to executives about disappointing deliveries in January and warned them that in 2023 Airbus …

  • Business News

    Aerospace suppliers face competition for hires from planemakers

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Valerie Insinna SEATTLE (Reuters) – Aerospace suppliers are gearing up for a hiring spree in 2023 but could face stiff competition for skilled laborers, including from their top customers …

  • Business News

    Analysis-Biotech IPOs to bloom with spotlight on startups with human trial data

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Amruta Khandekar and Bhanvi Satija (Reuters) – Initial public offerings by small private biotech companies are poised to stage a comeback later in 2023 as the pace of interest …

  • Business News

    France leans on retailers to help consumers cope with food prices

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Dominique Vidalon PARIS (Reuters) -France’s finance minister urged food retailers on Monday to do more to help consumers cope with high prices, as the government leans on them to …

  • Business News

    Soccer-Qatari investors preparing imminent bid for Manchester United – Bloomberg

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    LONDON (Reuters) – Qatari investors are preparing to make a bid to buy Premier League club Manchester United “in the coming days”, Bloomberg reported on Monday, citing sources familiar with …

  • Business News

    EU executive raises euro zone 2023 growth forecast, sees lower inflation

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Jan Strupczewski BRUSSELS (Reuters) – Euro zone economic growth is likely to be stronger than expected this year while inflation will be lower than in forecasts made towards the …

  • Breaking NewsBusiness News

    Fed’s Bowman says more interest rate hikes needed to tame inflation

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    (Reuters) -The Federal Reserve will need to continue to raise interest rates in order to get them to a level high enough to bring inflation back down to the central …

  • Business News

    Nissan, Renault plan India reboot with $600 million investment in new models

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Aditi Shah and Satoshi Sugiyama NEW DELHI/TOKYO (Reuters) -Nissan Motor Co and Renault SA will invest $600 million to make six new models in India, one of three markets …

  • Business News

    Analysis-The deep freeze over UK assets is thawing

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Naomi Rovnick LONDON (Reuters) – Britain’s stocks and bonds are drawing strong buying interest, not quite a vote of confidence in the economy but a reassuring sign for policymakers …

  • Business News

    BTG Pactual joins Brazilian lenders hit by post-Americanas provisions

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Gabriel Araujo SAO PAULO (Reuters) – Banco BTG Pactual SA on Monday became the latest Brazilian lender to be affected by bad credit provisions due to what it called …

  • Business News

    India’s retail inflation breaches RBI’s tolerance level first time since October

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Aftab Ahmed and Sarita Chaganti Singh (Reuters) – India’s annual retail inflation in January rose above the central bank’s upper threshold for the first time in three months, on …

  • Business News

    Gold miners may see margins shine as energy, labor costs edge lower

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Arshreet Singh (Reuters) – Gold miners are set to report healthier margins for the fourth quarter as higher energy and labor costs, which dented bottom-lines for much of 2022, …

  • Business News

    Lufthansa introduces fares with offsetting already built in

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    FRANKFURT (Reuters) – Lufthansa will begin offering fares that already include the off-setting of flight-related carbon emissions starting this week, the German carrier announced on Monday. The “Green Fares”, which …

  • Business News

    Shock BOJ appointment sparks rush for Japanese economist’s obscure texts

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Kantaro Komiya and Satoshi Sugiyama TOKYO (Reuters) – Prices of academic books written by the surprise pick for the Bank of Japan’s new governor have shot up in recent …

  • Business News

    IMF chief says markets have good reasons to be more upbeat on economy

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    DUBAI (Reuters) – The head of the International Monetary Fund (IMF) said on Monday that financial markets have good reason to be more upbeat, pointing to the U.S. economy likely …

  • Business News

    Venezuelans say credit cards that were once lifeline now ‘useless’

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Mayela Armas CARACAS (Reuters) – Credit cards are becoming increasingly useless in Venezuela because of high inflation and government restrictions, hurting people already struggling to meet daily needs on …

  • Business News

    Earthquake could cost Turkey up to $84 billion – business group

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Nevzat Devranoglu ANKARA (Reuters) – Turkey’s worst earthquake in almost a century has left a trail of destruction that could cost Ankara up to $84.1 billion, a business group …

  • Business News

    In China, Tesla could win electric vehicle price battle – but lose the war

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    SHANGHAI (Reuters) -Slashed prices have given Tesla’s China sales a pop, but analysts, and even fans, warn the U.S. automaker needs to up its long-term game to avoid choking on …

  • Business News

    Europe’s spend on energy crisis nears 800 billion euros

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Kate Abnett BRUSSELS (Reuters) – European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monday, urging …

  • Business News

    UK firms plan biggest pay rises since 2012 to fill staff gaps

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Suban Abdulla LONDON (Reuters) – British employers expect to raise wages for their staff by the most in at least 11 years but the 5% pay deals for workers …

  • Business News

    Marketmind: Winging it

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    A look at the day ahead in U.S. and global markets from Samuel Indyk. Super Bowl LVII was a finale for the ages, as star quarterback Patrick Mahomes led his …

  • Business News

    Adani Group says balance sheet of companies “very healthy”

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    BENGALURU (Reuters) – Adani Group said on Monday the balance sheet of each of its portfolio companies was “very healthy” and that it has strong corporate governance and secure assets, …

  • Business News

    Euro zone governments will be net losers from high inflation, ECB says

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    FRANKFURT (Reuters) – Rapid euro zone inflation will weigh on public finances over time, a European Central Bank (ECB) study showed on Monday, confounding some views that governments might benefit …

  • Business News

    Weighing up Ueda, investors cool on hawkish BOJ bets

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    By Tom Westbrook and Kevin Buckland SINGAPORE/TOKYO (Reuters) – As surprise gives way to scrutiny of the men set to lead Japan’s central bank for the next five years, investors …

  • Business News

    Be ‘really, really careful’ on inflation – Bank of England’s Haskel

    by Reuters February 13, 2023
    by Reuters February 13, 2023

    LONDON (Reuters) – Bank of England interest rate-setter Jonathan Haskel said the BoE should be “really, really careful” about the risk of high inflation becoming embedded and he would watch …

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