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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    ECB signs supervision cooperation deal with non-euro zone members

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    FRANKFURT (Reuters) – The European Central Bank agreed with six non-euro zone members to cooperate more closely on bank supervision matters, including in exchanging information about cross-border supervised banks, it …

  • Business News

    ASML beats earnings forecasts, sees 2023 growth amid China worries

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    By Toby Sterling VELDHOVEN, Netherlands (Reuters) -ASML Holding NV, Europe’s largest technology company, beat fourth-quarter earnings forecasts on Wednesday and forecast a rise more than 25% in 2023 sales despite …

  • Business News

    Spanish 2022 industrial prices rise 14.7%, lowest 12-month rate since 2021

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    (Reuters) -Spanish industrial prices rose 14.7% in the 12 months through December, down from a revised 20.5% increase in the 12 months through November, the National Statistics Institute (INE) said …

  • Business News

    Flavour maker Givaudan’s sales slow as North America weighs

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    By Jagoda Darlak (Reuters) -Swiss fragrance and flavour maker Givaudan on Wednesday posted a slowdown in end-year sales, putting further strain on margins in a year marked by high input …

  • Business News

    Holcim CEO wants to further expand in North America -report

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    ZURICH (Reuters) – Holcim’s North American business is on track to represent half of the cement maker’s sales, CEO Jan Jenisch said in a media interview, with the Swiss company …

  • Business News

    Lonza to buy back $2.17 billion worth of shares, backs mid-term growth

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    By Ludwig Burger and Tristan Chabba (Reuters) -Lonza on Wednesday said it will buy back shares worth 2 billion Swiss francs ($2.17 billion), despite an expected drop in annual margins, …

  • Business News

    UK factories cut prices, helping BoE’s inflation fight

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    LONDON (Reuters) – Britain’s manufacturers unexpectedly reduced their prices in December by the most since April 2020, welcome news for the Bank of England which is weighing up how much …

  • Business News

    Hitachi Transport to issue preferred share to KKR, raise $975 million

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    TOKYO (Reuters) – Japan’s Hitachi Transport System Ltd said on Wednesday it would raise 127.2 billion yen ($975 million) by issuing a single preferred share to majority shareholder KKR & …

  • Business News

    Aviva keeps dividend, capital returns guidance after UK’s December cold snap

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    LONDON (Reuters) – British insurer Aviva on Wednesday maintained its dividend guidance and capital returns outlook as it reported a positive end to trading for the year in its general …

  • Business News

    UK economic forecaster to downgrade medium-term growth outlook – Times

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    LONDON (Reuters) – Britain’s official economic forecaster has told the government that it overestimated the prospects for medium-term growth and that it intends to revise down its outlook, the Times …

  • Business News

    Thai central bank hikes key interest rate by 25 bps

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    BANGKOK (Reuters) – The following is a statement from the Bank of Thailand after it unanimously raised its key interest rate by 25 basis points to 1.50% on Wednesday, as …

  • Business News

    IMF visit in focus after El Salvador bond payment

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    By Rodrigo Campos NEW YORK (Reuters) – El Salvador cleared a $600 million bond payment hurdle this week but lingering concerns over its financing sources and fiscal policy will be …

  • Business News

    Marketmind: Running out of breath

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    A look at the day ahead in European and global markets from Anshuman Daga After a strong start to the year, fuelled by hopes that the outlook for the world …

  • Business News

    India’s 2023/24 budget likely to be cautious, cutting deficit

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    By Aftab Ahmed NEW DELHI (Reuters) – The Indian government will present a budget on Feb. 1 that will likely put deficit reduction ahead of vote-winning spending, even as Prime …

  • Business News

    Japan PM Kishida to pick new BOJ chief while monitoring economy

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    TOKYO (Reuters) – Prime Minister Fumio Kishida will make a decision on the next Bank of Japan (BOJ) governor while watching future economic trends, he said on Wednesday. Kishida will …

  • Business News

    Singapore’s December core inflation rises 5.1%

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5.1% in December, slightly higher than forecast, official data showed on Wednesday. The core inflation rate – which excludes private road …

  • Business News

    Peru president calls for ‘political truce’ amid protests

    by Reuters January 25, 2023
    by Reuters January 25, 2023

    LIMA (Reuters) -Peru’s President Dina Boluarte called for a “political truce” on Tuesday as hundreds of protesters again took to the streets of the capital, Lima, and clashes erupted between …

  • Business News

    U.S. oil refining margins hit 3-month high as plant outages rise

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Shariq Khan (Reuters) – U.S. oil refining margins on Tuesday hit a three-month high and are likely headed higher, analysts said, as unplanned refinery outages weigh on already-tight fuel …

  • Business News

    Microsoft’s cloud business keeps profits flowing in tougher times

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Yuvraj Malik, Jane Lanhee Lee and Jeffrey Dastin (Reuters) -Microsoft Corp posted results on Tuesday that showed some strength in the face of a weak economy, buttressed by a …

  • Business News

    NYSE glitch leads to busted trades, prompts investigation

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By John McCrank, Medha Singh and Chuck Mikolajczak NEW YORK (Reuters) -A glitch at the New York Stock Exchange prevented the opening auctions for a slew of stocks on Tuesday, …

  • Business News

    Ad spending on Twitter falls by over 70% in Dec – data

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    (Reuters) – Advertising spend on Twitter Inc dropped by 71% in December, data from an advertising research firm showed, as top advertisers slashed their spending on the social-media platform after …

  • Business News

    Philippine stock market opens after delay due to technical issue

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    MANILA (Reuters) – The Philippine stock market’s opening was delayed by half an hour on Wednesday because of a technical issue, the bourse operator said. Trading on the exchange was …

  • Business News

    Rogers’ bid for Shaw boosted after court rejects antitrust effort to block deal

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    By Maiya Keidan TORONTO (Reuters) -A Canadian court on Tuesday dismissed the competition bureau’s effort to overturn an approval of Rogers Communications Inc’s C$20 billion ($14.9 billion) bid to buy …

  • Business News

    RBNZ fourth-quarter sectoral factor model inflation +5.8% y/y

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    (Reuters) – The Reserve Bank of New Zealand (RBNZ) said on Wednesday that its sectoral factor model of core inflation rose 5.8% year-on-year in the fourth quarter. The country’s official …

  • Business News

    Nidec shares slide 7% after profit forecast cut

    by Reuters January 24, 2023
    by Reuters January 24, 2023

    TOKYO (Reuters) – Shares in Japan’s Nidec Corp slumped as much as 7% on Wednesday morning in Tokyo after the electric motor maker nearly halved its full-year profit forecast on …

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