Breaking Business news from across New Jersey.
(Reuters) – Norfolk Southern Corp reported a lower-than-expected fourth-quarter profit on Wednesday as U.S. railroad operators struggle with labor shortages, service problems and high fuel prices. The U.S. railroad industry …
By Hiroko Hamada and Makiko Yamazaki TOKYO (Reuters) – The Tokyo Stock Exchange said on Wednesday it had proposed ending a grace period in March 2025 for companies listed on …
JAKARTA (Reuters) – Indonesia plans to introduce a requirement for exporters to keep their foreign exchange earnings in the local banking industry for three months, a top government official was …
By Olivier Sorgho (Reuters) -French train maker Alstom posted an 8% rise in third-quarter sales on Wednesday, helped by forecast-beating orders, particularly in Europe. While Alstom’s costs have increased due …
By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -The Pakistani rupee weakened by 1.2% on Wednesday after foreign exchange companies removed a cap on the currency, saying it caused …
(Reuters) -Tesla Inc said on Tuesday it would invest more than $3.6 billion to expand its Nevada Gigafactory complex with two new factories, one to mass produce its long-delayed Semi …
TOKYO (Reuters) – Japan cut its view on the overall economy for the first time in 11 months in January, as China’s COVID-19 infections and a slowdown in global demand …
By Ron Bousso LONDON (Reuters) – Norway’s Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West …
By Chuck Mikolajczak NEW YORK (Reuters) -The New York Stock Exchange (NYSE) suffered a technical problem at the opening of trading on Tuesday that caused more than 80 stocks to …
(Reuters) – Cessna jet maker Textron Inc reported a better-than-expected revenue on Wednesday, as a pandemic-driven demand for private jets shows little signs of cooling. The spread of the COVID-19 …
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Denmark’s Maersk and Swiss-based MSC, the world’s largest container shipping companies, said on Wednesday they had agreed to end a vessel sharing alliance in …
BERLIN (Reuters) – The German government has revised up its economic forecast with Europe’s largest economy now expected to narrowly avoid recession this year as inflation eases, according to its …
By Gabriel Burin and Valentine Hilaire BUENOS AIRES/MEXICO CITY (Reuters) – Brazil’s slowing economy will likely remain weak in 2023 as a planned spending drive by newly-elected President Luiz Inacio …
(This Jan. 24 story has been corrected to say cumulative borrowings were up, not borrowings, in the second paragraph) (Reuters) – U.S. companies borrowed 9% more in December to finance …
LONDON (Reuters) – Airbus Helicopters on Wednesday posted a 2% rise in deliveries last year to 344 units, cementing its position as the world’s largest commercial helicopter maker as it …
A look at the day ahead in U.S. and global markets from Mike Dolan. With market visibility extremely low, bouts of optimism about peak interest rates this year are being …
By David Shepardson WASHINGTON (Reuters) – Tesla’s advanced driver assistance system Autopilot fell in a ranking of 12 major systems, Consumer Reports said Wednesday. Of 12 systems tested by Consumer …
By Mike Dolan LONDON (Reuters) -Whatever new year fillip the euro zone economy got from ebbing natural gas prices, the UK saw none of it – showing just how peculiarly …
BERLIN (Reuters) -BNP Paribas said on Wednesday that prosecutors were searching its Frankfurt premises as part of an long-running investigation into a multibillion-euro tax fraud scheme known as “cum-ex” and …
By Maria Martinez BERLIN (Reuters) -German business morale brightened in January as Europe’s largest economy started the new year with easing inflation and an improved outlook, a survey said on …
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Ford will decide by mid-February how many jobs to cut in Europe, a German union said on Tuesday, as reports surfaced that …
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – Sri Lanka’s central bank held interest rates steady for a third straight meeting on Wednesday, as widely expected, saying the prevailing …
MUMBAI (Reuters) – India’s central government’s gross market borrowings for 2023/24 could come in below market expectations as a pool of securities raised to compensate states for a shortfall in …
BERLIN (Reuters) – The international business community expects a challenging 2023 marked by geopolitical tensions, high inflation and the energy crisis, according to the Eurochambres global economic survey published on …
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s central bank raised its key interest rate by 25 basis points for a fourth consecutive meeting on Wednesday, in an attempt …