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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Foreign investors pour $925 million into Egypt since Wednesday

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

    CAIRO (Reuters) – Foreign investors transferred more than $925 million dollars into the Egyptian foreign exchange market in the three days since its currency sharply depreciated last week, Egypt’s central …

  • Business News

    AerCap CEO says aircraft makers’ output delays to last years

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

    By Padraic Halpin and Conor Humphries DUBLIN (Reuters) – The world’s largest aircraft lessor AerCap on Monday warned that delivery problems at Boeing and Airbus were likely to last years …

  • Business News

    Industry vs. Regulator – aviation heavyweights spar in Dublin

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

    By Joanna Plucinska DUBLIN (Reuters) – Two of the leading figures in aviation sparred publicly about sustainability, airport disruption and how the war in Ukraine is impacting Europe’s skies in …

  • Business News

    Gold prices seen rising towards record highs as rate rises near end

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

    By Peter Hobson LONDON (Reuters) – Gold prices are expected to rise towards record highs above $2,000 an ounce this year, albeit with a little turbulence, as the United States …

  • Business News

    L&G plans to vote against Capricorn leadership and NewMed merger

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

    By Shadia Nasralla LONDON (Reuters) -Asset manager Legal & General plans to take the rare step of voting to oust energy group Capricorn’s senior leadership and halt its planned merger …

  • Business News

    Davos 2023: The World Economic Forum explained

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

    By Siddharth K DAVOS, Switzerland (Reuters) – The World Economic Forum (WEF) returns to its snowy winter residency in the Swiss Alps this week with a record attendance of business …

  • Business News

    Exxon set to order 5th Guyana oil vessel, sizing up more blocks

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

    By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp. is preparing to approve its fifth oil production project in Guyana and is considering taking additional exploration acreage, the head of …

  • Business News

    Walgreens removes purchase limits on children’s fever medicines

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

    (Reuters) – Pharmacy chain Walgreens Boots Alliance Inc said on Monday it has removed online-only purchase limits for its over-the-counter pediatric fever-reducing products, as supply conditions improve. Pharmacy chains including …

  • Business News

    Egypt to sell discounted bread to fight inflation

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

    By Sarah El Safty CAIRO (Reuters) -Egypt’s government will start selling discounted bread to people not enrolled in its bread subsidy programme as it battles accelerating inflation, the supply minister …

  • Business News

    Dollar finds its footing near seven-month low, all eyes on yen

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

    By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The dollar started the week on the back foot, hitting a seven-month low against a basket of major peers in Asian …

  • Business News

    Canadian home sales rise 1.3% in December

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

    TORONTO (Reuters) – Canadian home sales rose 1.3% in December from November and were down 39.1% on an annual basis, data from the Canadian Real Estate Association showed on Monday. …

  • Business News

    Britain’s M&S to invest $587 million in store estate

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

    By James Davey LONDON (Reuters) – British clothing and food retailer Marks & Spencer plans to open 20 new, bigger stores in its 2023-24 year as part of a radical …

  • Business News

    France to push for ‘Made in Europe’ strategy at February EU summit

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

    By Jan Strupczewski BRUSSELS (Reuters) – France wants the European Union to adopt a “Made in Europe” industrial strategy in response to the U.S. scheme of subsidies for green investment, …

  • Business News

    Fund groups warn over EU legal definition of ‘greenwashing’

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

    By Simon Jessop and Huw Jones LONDON (Reuters) – European Union regulators should not define greenwashing in law, fund industry groups have told the bloc’s markets watchdog, citing concerns this …

  • Business News

    EU’s Dombrovskis: Some positive economic signs but must remain vigilant

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

    BRUSSELS (Reuters) – The European Union might escape the steep economic recession some had predicted several months ago, when energy prices were sky-rocketing, but that does not mean the area …

  • Business News

    Siemens signs 3 billion eur train deal in India

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

    By John Revill ZURICH (Reuters) – Siemens has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India, the German engineering company said on …

  • Business News

    Morgan Stanley cuts year-end dollar forecast

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

    (Reuters) -Morgan Stanley cut its 2023 year-end forecast for the dollar index to 98, and expects the greenback’s weakness to be more pronounced against the euro this year as worries …

  • Business News

    Germany joins battle against EU ban on financial product commission

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

    By Huw Jones LONDON (Reuters) – Banning commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s capital market and limit choice …

  • Business News

    EU Commission wants first joint purchases of gas by summer

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

    BRUSSELS (Reuters) – The European Commission aims for EU countries to start jointly buying gas “well before summer”, European Commission Vice-President Maros Sefcovic said on Monday, an attempt to help …

  • Business News

    China to boost spending for COVID prevention, treatment

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

    BEIJING (Reuters) – China’s finance ministry said on Monday it will boost funding for COVID-19 prevention and control, urging local fiscal departments to step up transfer payments to rural and …

  • Business News

    Bain Capital explores Virgin Australia IPO as aviation market improves

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

    By Scott Murdoch and Jamie Freed SYDNEY (Reuters) -Bain Capital said on Monday it is looking to relist airline Virgin Australia, in a move that would come as the domestic …

  • Business News

    Japan’s top economic panel debates potential shift away from ‘Abenomics’

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

    By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) – The Japanese government’s top economic policy panel on Monday held its first round of special sessions that will discuss the medium-to-long …

  • Business News

    Factbox-Workers vs Macron: What to expect from Thursday’s strike

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

    PARIS (Reuters) – France’s labour unions have made a rare joint call for major strike action on Thursday against plans by President Emmanuel Macron’s government to reform the pension system …

  • Business News

    Toyota says it could produce 10.6 million vehicles in 2023

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

    TOKYO (Reuters) -Toyota Motor Corp on Monday said it could produce as many as 10.6 million vehicles this year, while warning of downward risk to its projection from the possible …

  • Business News

    Taiwan chipmaker UMC imposes strict cost controls over weak demand

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

    TAIPEI (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) said on Monday it was implementing strict cost controls because of soft demand and a weak outlook, in a further sign …

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