Breaking Business news from across New Jersey.
WASHINGTON (Reuters) – Tight monetary policy is “unequivocally” slowing the U.S. economy, allowing the Federal Reserve to move “more deliberately” with any further interest rate increases, Richmond Fed President Thomas …
By Mehr Bedi (Reuters) -Kellogg Co surpassed market expectations for quarterly sales and profit on Thursday and said it would retain the plant-based meat business it had planned to spin-off. …
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) -Lower export volumes saw Russia’s current account surplus shrink 58.2% to $8 billion in January, the central bank said on Thursday, squeezing …
(Reuters) – Walt Disney Co CEO Bob Iger dazzled Wall Street on Wednesday with sweeping changes and billions of dollars in cost cuts, and some analysts are convinced that will …
By Marie Mannes STOCKHOLM (Reuters) – Volvo Cars’ top executive said on Thursday that the Swedish automaker has no intention of cutting its electric vehicle (EV) prices despite a similar …
SAO PAULO (Reuters) – Retail sales volumes in Brazil posted in 2022 their smallest annual growth in six years, government statistics agency IBGE said on Thursday, providing further signs of …
By Stefania Spezzati and John O’Donnell FRANKFURT (Reuters) -Credit Suisse has taken another step towards creating a standalone investment bank by buying Michael Klein’s advisory boutique, but gave few clues …
By David Milliken and Andy Bruce LONDON (Reuters) -Bank of England policymakers disagreed on Thursday about where interest rates need to go to tame inflation, with Governor Andrew Bailey stressing …
By Marcela Ayres and Ricardo Brito BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad agrees with President Luiz Inacio Lula da Silva’s view that interest rates need to drop, but …
SAO PAULO (Reuters) -Brazil’s consumer prices rose slightly less than expected in January, but the latest data is unlikely to give the central bank room for monetary easing in the …
By Howard Schneider WASHINGTON (Reuters) – Prices for online goods in the United States fell 1% in January compared to the year before, the fifth consecutive monthly drop, according to …
TOKYO (Reuters) – Japan’s Nissan Motor Co on Thursday posted a better-than-expected 155% jump in third-quarter operating profit, boosted by a weaker yen and cost management. Operating profit for the …
By Lananh Nguyen MIAMI (Reuters) -The chief executive of JPMorgan Chase & Co., the biggest U.S. bank, cautioned against declaring victory against inflation too early, warning the Federal Reserve could …
By Marc Jones LONDON (Reuters) – The humanitarian disaster of Turkey’s earthquake has caused an outpouring of concern by international investors, but also an acknowledgement that President Tayyip Erdogan’s handling …
By Simon Johnson STOCKHOLM (Reuters) -Sweden’s central bank raised its key interest rate by half a percentage point to 3% on Thursday and forecast further tightening in the coming months …
By Victoria Klesty and Gwladys Fouche OSLO (Reuters) -Norway’s $1.35 trillion wealth fund will step up its engagement with companies over their management of climate risk by voting against board …
PARIS (Reuters) – French carmaker Renault, which is revamping its 24-year old alliance with Nissan, said on Thursday the Japanese firm contributed 174 million euros ($187 million) to its own …
By Daniel Leussink TOKYO (Reuters) – Japan’s Toyota Motor Corp posted a surprise 22% rise in third-quarter operating profit on Thursday, as a weaker yen and higher sales volumes helped …
TOKYO (Reuters) – Japan’s top steelmaker Nippon Steel Corp on Thursday posted a 2% increase in April-December net profit to 517 billion yen ($4 billion) and said it would pay …
A look at the day ahead in U.S. and global markets from Mike Dolan. A hail of mega corporate updates distracted stock markets from a confusing macro picture – but …
By Linda Pasquini (Reuters) – German online takeaway food company Delivery Hero on Thursday reported slightly lower-than-expected gross merchandise value (GMV) in 2022 and refrained from giving guidance on GMV …
By Mark Miller (Reuters) – The old line that “you can’t take it with you” does not apply when it comes to your 401(k). When you change jobs or retire, …
By Marie Mannes STOCKHOLM (Reuters) – Volvo Cars said on Thursday 2023 was likely to be another challenging year, despite healthy demand for its vehicles, as the Swedish carmaker reported …
By Choonsik Yoo and Yena Park SEOUL (Reuters) -South Korea’s plans to loosen restrictions in its currency market will raise the won’s status globally and boost business opportunities for local …
By Richa Naidu LONDON (Reuters) – Unilever said on Thursday it expects a “consumption boom” in China as lockdowns ease, flagging $1.5-$2 trillion in “excess household savings” it believes could …