Breaking Business news from across New Jersey.
BERLIN (Reuters) – Germany’s planned purchase of 60 Chinook heavy-lift helicopters manufactured by Boeing to replace its ageing CH-53 fleet could cost twice as much as planned, Business Insider reported …
By John Irish and Lananh Nguyen DAVOS, Switzerland (Reuters) – As Ukraine attempts to secure more modern arms from its allies, it has stepped up a parallel effort to lock …
By Leika Kihara and Takaya Yamaguchi TOKYO (Reuters) – The Bank of Japan (BOJ) may raise a cap set around its 10-year bond yield target to 0.75% or double it …
(This Jan. 18 story has been corrected to change the timing of IMF MD Georgieva’s visit to Zambia from “in two weeks” to “next week” in paragraph 14) By Marc …
TAIPEI (Reuters) – Taiwan’s central bank debated a larger interest rate hike at its last board meeting in December, with one board member saying the bank had been too optimistic …
FRANKFURT (Reuters) – The euro zone swung back to a current account surplus in November on an improved balance in the trade of goods and services, European Central Bank data …
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s central bank raised its key policy rate by 25 basis points (bps) on Thursday, its sixth hike since August, and signalled …
By Gaurav Dogra (Reuters) – Chinese companies are expected to report their highest earnings growth in five years, Refinitiv data shows, as economic reopening after COVID lockdowns and accommodative monetary …
(Reuters) -Twitter Inc said on Wednesday it would price Twitter Blue subscription for Android at $11 per month – the same as for iOS subscribers – while offering a cheaper …
DAVOS, Switzerland (Reuters) – The European Central Bank has yet to win its fight against sky high inflation so its guidance for big rate hikes in the months ahead remains …
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – The European Bank for Reconstruction and Development expects a record loss in 2022, primarily due to losses from its …
DAVOS, Switzerland (Reuters) – Uber Chief Executive Dara Khosrowshahi said in Davos on Thursday that he was not currently planning any company-wide layoffs. The rideshare and delivery company has worked …
DAVOS, Switzerland (Reuters) – The author who first envisioned the metaverse 30 years ago sat down on Wednesday with a top executive from the company investing billions in building it …
By Summer Zhen Hong Kong (Reuters) – Hedge funds that bet on a swift shift in the country’s zero-COVID and regulatory policies in late 2022 while the stock market was …
BERLIN (Reuters) – Turnover in accommodation and food services in Germany rose strongly in 2022 compared with 2021 despite high inflation, the federal statistics office said on Thursday. Turnover in …
LONDON (Reuters) -British online fashion retailer Boohoo said revenue fell 11% in its key Christmas trading period, hurt by delivery disruption and tough comparatives, as it broadly stuck to annual …
KUALA LUMPUR (Reuters) – Malaysia’s central bank on Thursday unexpectedly kept its benchmark interest rate unchanged at 2.75%, saying it was assessing the impact of four consecutive rate hikes last …
HONG KONG (Reuters) – Cathay Pacific Airways Flight Attendants Union said it will start work-to-rule industrial action from Thursday, amid an ongoing dispute over what it has described as long …
SHANGHAI (Reuters) -China is expected to keep benchmark lending rates unchanged for a fifth month in January, a Reuters survey showed, although analysts think cuts next month are probable after …
HANOI (Reuters) – Vietnam’s electric-vehicle (EV) maker VinFast said on Thursday it will launch promotions to protect the market competitiveness of its models, a week after Tesla announced aggressive discounting …
By David Kirton SHENZHEN, China (Reuters) – Christian Gassner, whose furniture components factory in the southern Chinese city of Shenzhen had a dismal end of 2022 amid COVID-19 outbreaks, is …
(Reuters) – A global rebound in air travel has brought pilots back to work after a pandemic-induced slump, but many men and women in the cockpit have concerns over salary, …
JAKARTA (Reuters) – Germany’s BASF and French miner Eramet are finalising a $2.6 billion partnership deal to invest in a facility in Indonesia to process nickel for use in batteries …
By Melanie Burton and Sonali Paul MELBOURNE (Reuters) – Australia’s most populous state is set to require coal miners to reserve up to 10% of production for the domestic market, …
BANGKOK (Reuters) – Thailand’s consumer spending over the Lunar New Year period could rise 13.6% to 45 billion baht ($1.36 billion), a three-year high, as the economy recovers and China’s …