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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Marketmind: China’s Q4 data dump

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A batch of top-tier economic data from China, including fourth quarter GDP growth, …

  • Business News

    New Zealand business confidence at lowest since 1974

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s business confidence in the fourth quarter of last year hit its lowest level since 1974 as companies grapple with higher interest rates, …

  • Business News

    Exclusive-Indian, European oil firms evaluating bids for Guyana blocks

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Marianna Parraga and Nidhi Verma HOUSTON/NEW DELHI (Reuters) – Guyana’s upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according …

  • Business News

    Job cuts not top of mind, ‘phenomenal opportunity’ in Asia -Manulife CEO

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Job cuts are not “top of mind” for Manulife Financial Corp, Canada’s largest insurer, as it sees significant growth opportunities, …

  • Business News

    Brazil to reinforce fiscal, democratic and environmental commitments, says Haddad

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    (Reuters) -Brazil’s delegation arrived at the World Economic Forum (WEF) with a commitment to defend democracy and the sustainability of both its public accounts and the environment, Finance Minister Fernando …

  • Business News

    Household wealth optimism collapses, global survey shows

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Mark John (Reuters) – Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing …

  • Business News

    Davos 2023: What you need to know about the WEF on Monday

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    DAVOS, Switzerland (Reuters) – The World Economic Forum (WEF) returned to Davos for its first winter session in three years with high expectations. Record numbers of government officials and business …

  • Business News

    Bank of Canada names economics professor to governing council

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Steve Scherer OTTAWA (Reuters) -The Bank of Canada said on Monday it has appointed a professor of applied economics at HEC Montreal to be a non-executive deputy governor and …

  • Business News

    Venezuelan teachers march for better pay amid sky-high inflation

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    (Reuters) -Teachers, retirees and workers’ unions marched in at least six Venezuelan cities on Monday to demand better salaries, as the government of President Nicolas Maduro faces renewed challenges in …

  • Business News

    French court dismisses complicity in war crimes charge against TotalEnergies – lawyers

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    PARIS (Reuters) – A French court has dismissed charges of complicity in war crimes against oil major TotalEnergies, lawyers for the NGOs who brought the charge said in a statement. …

  • Business News

    BoE sceptical over digital pound as euro zone backs work on digital euro

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Huw Jones LONDON (Reuters) – Bank of England Governor Andrew Bailey questioned the need for a digital pound on Monday just as euro zone finance ministers backed further preparatory …

  • Business News

    Analysis-Russia’s falling oil revenues could create vicious circle for budget, rouble

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Darya Korsunskaya (Reuters) – Russia’s attempts to plug its budget deficit by selling foreign currency reserves could lead to a vicious circle that pushes the rouble higher and further …

  • Business News

    SMBC Aviation Capital says it would consider further acquisitions

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    DUBLIN (Reuters) – SMBC Aviation Capital, the world’s second-largest aircraft lessor, remains open to acquisition opportunities after its recent purchase of smaller rival Goshawk Aviation for $6.7 billion, its chief …

  • Business News

    Davos 2023: CEOs most gloomy on growth in more than a decade -PwC survey

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Divya Chowdhury and Anisha Sircar DAVOS, Switzerland (Reuters) – Confidence among companies in their growth prospects has dropped the most since the 2007-08 global financial crisis due to rising …

  • Business News

    Brazil’s Lula to end industrial tax IPI, VP says

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    SAO PAULO (Reuters) -Brazilian leftist President Luiz Inacio Lula da Silva will seek to end the industrial tax IPI, Vice President Geraldo Alckmin said on Monday, which would continue an …

  • Business News

    Davos 2023: Scaramucci’s SkyBridge bets on $35k bitcoin, targets credit

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – SkyBridge Capital is betting on a sustained turnaround in cryptocurrency markets in 2023, the firm’s founder Anthony Scaramucci said, …

  • Business News

    Canadian firms expect mild recession and inflation to remain high

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Steve Scherer and David Ljunggren OTTAWA (Reuters) – Most Canadian businesses expect a mild recession over the next year because higher interest rates are curbing investment plans and consumer …

  • Business News

    European shares near 9-month high as new year rally continues

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares hit a near nine-month high on Monday, albeit in light trading due to a U.S. holiday, with real estate and …

  • Business News

    Ex Commerzbank female banker seeks $707,000 over discrimination, harassment

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Kirstin Ridley LONDON (Reuters) – A former London-based Commerzbank compliance officer is seeking almost 580,000 pounds ($707,000) in compensation after winning a sex and maternity discrimination and harassment case …

  • Business News

    Thyssenkrupp Uhde aims to double sales, open to co-owners

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Germany (Reuters) – Thyssenkrupp’s plant engineering unit plans to double sales to around 2 billion euros ($2.2 billion) in the mid-term and is …

  • Business News

    Ghana extends domestic debt exchange deadline for third time

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    ACCRA (Reuters) – Ghana has again extended the deadline to register for its domestic debt exchange, this time to Jan. 31, Finance Minister Ken Ofori-Atta said on Monday. The crisis-hit …

  • Business News

    TIM’s top shareholder Vivendi leaves board seat as it seeks governance changes

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    PARIS/MILAN (Reuters) – Telecom Italia (TIM) said its biggest shareholder Vivendi on Monday relinquished its board seat, as Italy’s new government weighed options to take control of the debt-laden former …

  • Business News

    Davos 2023: Big Oil in sights of climate activist protests

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Maha El Dahan DAVOS, Switzerland (Reuters) -Big oil firms came under pressure at the start of the World Economic Forum (WEF) from activists who accused them of hijacking the …

  • Business News

    Air finance summit tackles jet shortages amid China travel thaw

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Tim Hepher and Joanna Plucinska DUBLIN (Reuters) -China’s abrupt decision to lift COVID-19 travel curbs could accelerate a global recovery in air traffic – but after widespread staff shortages, …

  • Business News

    Europe boosts Russian diesel buying ahead of ban set to rock market

    by Reuters January 16, 2023
    by Reuters January 16, 2023

    By Rowena Edwards, Ron Bousso and Ahmad Ghaddar LONDON (Reuters) – European traders are rushing to fill tanks with Russian diesel as the clock runs down on a Feb. 5 …

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