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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Ghana debt swap deal ‘good for you’, finance minister tells retirees

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Christian Akorlie ACCRA (Reuters) -Ghana’s finance minister told a group of protesting retiree bondholders on Monday they were being a offered a good deal, as the government of the …

  • Business News

    Botswana sees 2023 growth of 4%, plans infrastructure drive

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Brian Benza GABORONE (Reuters) – Botswana expects economic growth of 4% this year while targeting medium-term growth of 5.7%, and the government plans to ramp up infrastructure investment, its …

  • Business News

    Chevron in talks with Algeria for energy exploration deal – WSJ

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    (Reuters) -Chevron Corp has opened talks with Algeria to allow the U.S. oil firm to undertake energy exploration in the North African country, the Wall Street Journal reported on Monday. …

  • Business News

    India’s Adani crisis spills over into street protests as losses top $110 billion

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Adnan Abidi, M. Sriram and Aditi Shah NEW DELHI (Reuters) – The crisis engulfing the Adani Group intensified on Monday as hundreds of members of India’s opposition parties took …

  • Business News

    EV startup Vinfast to cut U.S. jobs amid restructuring

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Phuong Nguyen (Reuters) -Vietnamese electric vehicle maker VinFast is cutting its workforce in the United States, the company said on Monday, amid a restructuring in its major overseas market …

  • Business News

    Brazil interest-rate cuts seen kicking off in Nov, cenbank survey shows

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    BRASILIA (Reuters) – Private economists now expect Brazil’s central bank to start cutting rates in November rather than September, a bank survey showed on Monday, after policymakers alerted last week …

  • Business News

    Analysis-Renault cuts Nissan stake, shedding conglomerate discount may be tougher

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Gilles Guillaume and David Dolan LONDON/TOKYO (Reuters) – Renault SA has taken big steps to simplify its complicated alliance with Japan’s Nissan Motor Co, but still faces a tough …

  • Business News

    U.S. law firm Wilson Sonsini hires Alsheimer from Olshan for activism practice

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Svea Herbst-Bayliss NEW YORK (Reuters) – Silicon Valley law firm Wilson Sonsini Goodrich & Rosati hired a veteran attorney to help lead its shareholder activism practice at a time …

  • Business News

    Germany to drag on European growth this decade – Scope ratings agency

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    BERLIN (Reuters) – Germany will act as a drag on growth in Europe until at least 2030, as it faces pressure to address a declining workforce and sluggish investment, according …

  • Business News

    Russia central bank to adopt hawkish tone, keep rate at 7.5% this week: Reuters poll

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Russian central bank is expected to hold its key interest rate at 7.5% on Friday but may give a more …

  • Business News

    Yellen: ‘You don’t have a recession’ when U.S. unemployment at 53-year low

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Monday said she saw a path for avoiding a U.S. recession, with inflation coming down significantly and the economy …

  • Business News

    Cummins sees double-digit revenue growth for fiscal 2023 on engine demand

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    (Reuters) – Cummins Inc on Monday forecast fiscal 2023 revenue growth between 12% and 17%, anticipating strong demand for its engines used in trucks and other heavy vehicles. The company, …

  • Business News

    Brazil’s Lula to restart housing program for low-income families

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva will this month restart the federal housing program “Minha Casa, Minha Vida” for lower income people, his chief of staff …

  • Business News

    U.S. farmers plan to go ‘heavy on corn’ in 2023 despite risks

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Mark Weinraub CHICAGO (Reuters) – U.S. farmers are planning to boost corn acreage in 2023, eyeing lower prices of fertilizer needed to grow the crop and hoping for a …

  • Business News

    From boom to bottom and now big change: Renault and Nissan reshape alliance

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    PARIS/TOKYO (Reuters) – French carmaker Renault and its Japanese partner Nissan announced a deal on Monday to redesign their decades-long alliance aimed at easing tensions between the partners and putting …

  • Business News

    Abbvie plans to lift $2 billion cap on deals – WSJ

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    (Reuters) – Abbvie will lift a self-imposed $2 billion limit on acquisitions and mergers placed following a $63 billion deal for Botox maker Allergan in 2020 that shot up its …

  • Business News

    Dell to slash over 6,000 jobs amid ‘uncertain market future’

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Eva Mathews (Reuters) – Dell Technologies Inc is cutting about 6,650 jobs, or 5% of its global workforce, as it struggles with a slump in the personal computer market …

  • Business News

    Swiss to vote on preventing cashless society, pressure group says

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    (Reuters) – Swiss citizens will get the chance to try to ensure their economy never becomes cashless, a pressure group said, after collecting enough signatures by Monday to trigger a …

  • Business News

    Bank of England’s Mann doubles down on backing for rate hikes

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Gergely Szakacs BUDAPEST (Reuters) – Bank of England rate-setter Catherine Mann on Monday backed further increases in interest rates and warned that pausing, as some of her colleagues advocate, …

  • Business News

    Goldman Sachs to invest over $1 billion in Europe biomethane venture

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Virginia Furness LONDON (Reuters) – Goldman Sachs Asset Management said on Monday it had launched a biomethane business called Verdalia Bioenergy and aimed to invest more than 1 billion …

  • Business News

    Analysis-Despite stupendous win on Adani, India short-selling boom unlikely

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Anshuman Daga, Scott Murdoch and Svea Herbst-Bayliss SINGAPORE/NEW YORK (Reuters) – Hindenburg Research’s spectacular short bet against India’s Adani group could lead other investors to consider using similar strategies …

  • Business News

    Dell to lay off 5% of workforce amid PC slump

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    (Reuters) – Dell Technologies Inc said on Monday it would lay off about 5% of its workforce as it struggles with a slump in the personal computer market and braces …

  • Business News

    New Delhi to meet fiscal target in coming year, capex a longer shot

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Vivek Mishra BENGALURU (Reuters) – The Indian government will meet its deficit target for the coming fiscal year, according to a Reuters poll of economists who were split on …

  • Business News

    Marketmind: Bursting bubbles

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    By Alun John LONDON (Reuters) – A look at the day ahead in U.S. and global markets from Alun John. It’s the Monday after the week before, but if U.S.-based …

  • Business News

    Meta can be sued in Kenya by ex-content moderator, the country’s court rules

    by Reuters February 6, 2023
    by Reuters February 6, 2023

    NAIROBI (Reuters) – A labour court in Kenya ruled on Monday that Meta, the parent company of Facebook, can be sued in the East African country after a former content …

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