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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Toyota plans to produce 750,000 vehicles globally in February

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    TOKYO (Reuters) – Toyota Motor Corp on Wednesday said it plans to produce about 750,000 vehicles globally in February. The Japanese automaker said it aims to make about 300,000 vehicles …

  • Business News

    Taiwan Q4 GDP unexpectedly shrinks, worst performance in 13 years

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    TAIPEI (Reuters) – Taiwan’s trade-dependent economy unexpectedly contracted in the fourth quarter, putting in its worst performance in 13 years, hit by a drop in exports on slowing global tech …

  • Business News

    Japan yields tumble to well below policy cap as BOJ stands pat

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    By Kevin Buckland TOKYO (Reuters) – Japanese government bond yields tumbled, falling the most in two decades at one point on Wednesday, retreating sharply from the central bank’s 0.5% ceiling …

  • Business News

    Quotes: BOJ Governor Kuroda’s comments at news conference

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including a bond yield cap it was struggling to defend, defying market expectations it would phase out its …

  • Business News

    Over 500 advertisers have paused spending on Twitter- The Information

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    (Reuters) -More than 500 of Twitter’s advertisers have paused spending on the micro blogging site since Elon Musk’s takeover last year, The Information reported on Wednesday, citing a person familiar …

  • Business News

    Investors write to FTSE cos for new group to ease corporate governance issues – FT

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    (Reuters) – Some of the world’s biggest investors have proposed forming a new group, which will include board members of top UK companies, to address stewardship and corporate governance concerns, …

  • Business News

    European car sales jump in December

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    BERLIN (Reuters) – European new car registrations increased sharply in December, data from the region’s carmaker association showed on Wednesday. The number of new vehicles registered in the European Union, …

  • Business News

    Iron ore futures rebound as bargain hunting supports

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    By Matthew Chye (Reuters) -Iron ore futures rose on Wednesday in a bargain-buying bounce from a slump in previous sessions after investors stayed on the sidelines following China’s state planner’s …

  • Business News

    PineBridge, Pictet raise China property exposure on recovery hopes

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    By Xie Yu HONG KONG (Reuters) – Global investors including PineBridge and Pictet are bolstering their exposure to Chinese property developers, betting that a slew of support measure for the …

  • Business News

    China fixed-asset investment approvals almost doubled in 2022 to $218 billion

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    By Joe Cash BEIJING (Reuters) – China’s state planner approved 1.48 trillion yuan ($218.35 billion) worth of fixed asset investment projects in 2022, nearly double the value from the previous …

  • Business News

    China’s reopening fuels global growth optimism, Davos panel says

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    FRANKFURT (Reuters) -China’s reopening from pandemic restrictions could drive global growth beyond expectations and help avoid a broader recession even as some of the world’s largest economies struggle to overcome …

  • Business News

    Marketmind: BOJ goes for broke

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    By Wayne Cole SYDNEY (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. So after all the frenetic speculation and massive market pressure, …

  • Business News

    Tesla video promoting self-driving was staged, engineer testifies

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    By Hyunjoo Jin (Reuters) – A 2016 video that Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at …

  • Business News

    BOJ crafts new weapon to defend yield control policy

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    By Leika Kihara TOKYO (Reuters) -The Bank of Japan on Wednesday amended rules for a funds-supply market operation to make it usable as a tool for preventing long-term interest rates …

  • Business News

    China’s property sector shrinks 5.1% in 2022 – NBS

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    BEIJING (Reuters) – China’s property sector fell 5.1% in 2022 from a year earlier, value-added data from the National Bureau of Statistics (NBS) showed on Wednesday, heaping more pressure on …

  • Business News

    Tesla’s retail sales in China surged after price cut -brokerage data

    by Reuters January 18, 2023
    by Reuters January 18, 2023

    SHANGHAI (Reuters) – Tesla’s retail sales surged in China in January after it slashed prices for its top-selling models earlier in the month, data compiled by China Merchants Bank International …

  • Business News

    Apple indefinitely postpones launch of AR glasses – Bloomberg News

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    (Reuters) – Apple Inc has postponed the launch of its lightweight augmented-reality glasses indefinitely due to technical challenges, but is still planning to unveil its first mixed-reality headset this year, …

  • Business News

    BOJ keeps yield control policy unchanged

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    TOKYO (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including its 0.5% cap for the 10-year bond yield, defying market expectations it would phase out its …

  • Business News

    FTX reports $415 million in hacked crypto, Bankman-Fried says FTX US is solvent

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Dietrich Knauth (Reuters) – Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency had been stolen in hacks. FTX has …

  • Business News

    Banxico nominee Mejia pledges independence at congressional hearing

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    MEXICO CITY (Reuters) – A nominee of the Mexican government to join the Bank of Mexico’s governing board, Omar Mejia, backed the central bank’s monetary tightening policies on Tuesday and …

  • Business News

    Tencent, NetEase shares rise as China gaming crackdown eases

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    HONG KONG (Reuters) – Shares of Tencent Holdings, the world’s largest gaming company, and smaller rival NetEase Inc rose on Wednesday after China’s video games regulator granted the first gaming …

  • Business News

    Washington court paves way for Albertsons’ $4 billion dividend, declines to review case

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Mike Scarcella (Reuters) – Washington state’s highest court on Tuesday cleared the way for Albertsons Companies Inc to pay a $4 billion dividend ahead of the grocer’s proposed deal …

  • Business News

    Workers at embattled Mexican airline Aeromar hold off on strike, unions say

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Kylie Madry MEXICO CITY (Reuters) – Pilots and flight attendants of Mexican airline Aeromar will hold off on a possible strike despite being owed millions of dollars, their unions …

  • Business News

    Fed wants climate risk analysis from 6 largest U.S. banks by July 31

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve on Tuesday told the six largest U.S. banks to compile data on how their businesses would be impacted by …

  • Business News

    Jury seated in Tesla shareholder case over Musk’s 2018 tweets

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Jody Godoy SAN FRANCISCO (Reuters) -A jury of nine people in San Francisco was chosen on Tuesday to hear a case brought by Tesla Inc shareholders over CEO Elon …

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