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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Tesla under fire in Germany over union concerns on working hours, contracts

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

    BERLIN (Reuters) – Tesla has come under fire from German union IG Metall and politicians over allegations by workers of unreasonable working hours and fears over speaking out at its …

  • Business News

    Italy’s Eni, Esso offices raided in antitrust probe over fuel price breaches

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

    MILAN (Reuters) – Italy’s antitrust authority said on Monday the offices of several oil companies, including Italy’s Eni and Exxon Mobil Corp’s ESSO Italiana unit, have been searched over alleged …

  • Business News

    Volkswagen relishes competition in Chinese EV market

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

    By Victoria Waldersee and Jan Schwartz BERLIN (Reuters) -Volkswagen wants to expand both its higher-end and lower-end offering in the Chinese market, China chief Ralf Brandstaetter said on Monday, calling …

  • Business News

    Kuroda to attend Davos, depart shortly after closely-watched BOJ meeting

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

    TOKYO (Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda will travel to Davos and attend a panel at the annual World Economic Forum meeting on Friday, the central bank …

  • Business News

    EU’s record recovery fund at risk as countries struggle to meet deadline

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

    By BelĂ©n Carreño, Robert Muller and Sergio Goncalves MADRID/PRAGUE/LISBON (Reuters) – The risk that European Union governments will not be able to spend the largest aid package in its history …

  • Business News

    Global jobs growth will halve in challenging 2023: ILO

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

    LONDON (Reuters) – Global employment growth is expected to slow down sharply to 1% this year compared to 2% in 2022, hit by the economic fallout of the war in …

  • Business News

    German wholesale prices rise in December but at slower pace

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

    BERLIN (Reuters) – Germany’s wholesale price index rose in December compared with the same month last year although at a slower pace than in previous months, according to data released …

  • Business News

    What is happening in Japan’s bond market?

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

    By Junko Fujita TOKYO (Reuters) – Market forces have pushed Japanese government bond yields above policy targets. The moves are the biggest test in seven years of yield control in …

  • Business News

    India’s December wholesale inflation eases to nearly a 2-year low

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

    NEW DELHI (Reuters) – India’s annual wholesale price inflation (WPI) eased to its lowest levels in nearly two years, helped by a sharp fall in vegetable prices. Government data on …

  • Business News

    Take Five: Much to say in Tokyo (and Davos)

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

    LONDON (Reuters) -Japan’s central bank looks set to raise its inflation forecasts and debate further policy tweaks, just as business leaders and policymakers descend (in person this time) on the …

  • Business News

    Iranian oil exports end 2022 at a high, despite no nuclear deal

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

    By Alex Lawler, Bozorgmehr Sharafedin and Chen Aizhu LONDON (Reuters) -Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to …

  • Business News

    Private equity persuades Italian luxury suppliers that bigger is better

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

    By Elisa Anzolin and Valentina Za MILAN (Reuters) – Italian businesses discovered the limits of their ‘small is beautiful’ motto when competition became global. Nudged by private equity funds, those …

  • Business News

    Marketmind: Let it go

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

    A look at the day ahead in European and global markets from Anshuman Daga The land of rising yields is the No. 1 focus of investors on Monday, as Japan’s …

  • Business News

    ECB can cut carbon footprint by shedding bonds of biggest polluters

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

    By Virginia Furness and Francesco Canepa LONDON (Reuters) -The European Central Bank could radically cut the carbon footprint of its corporate bond portfolio by selling just 50 billion euros ($54.30 …

  • Business News

    Economists say BOJ’s Amamiya is top governor candidate, tightening this week unlikely

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

    By Kantaro Komiya TOKYO (Reuters) – Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya, a close aide of incumbent chief Haruhiko Kuroda, is most likely to succeed him this spring, …

  • Business News

    Russia may hike taxes as military spending, oil price weigh on budget

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    By Darya Korsunskaya MOSCOW (Reuters) -Russia is becoming too dependent on oil revenues to support its budget as it ramps up military spending, economists said, warning that the government may …

  • Business News

    China’s Dec home prices fall, more supportive policies likely

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    BEIJING (Reuters) -China’s new home prices fell again in December as COVID-19 outbreaks hurt demand, with Beijing expected to roll out more measures to help sustain the recovery after the …

  • Business News

    China growth seen rebounding to 4.9% in 2023, more stimulus on the cards

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    By Kevin Yao BEIJING (Reuters) -China’s economic growth is likely to rebound to 4.9% in 2023, before steadying in 2024, a Reuters poll showed, as policymakers pledge to step up …

  • Business News

    Factbox: BOJ’s possible next step as market attacks yield policy

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    By Leika Kihara TOKYO (Reuters) – Markets are testing the Bank of Japan (BOJ), seeking to break its resolve to cap bond yields as soon as its policy decision on …

  • Business News

    Analysis: BOJ’s yield curve control in danger as policy backfires

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) is under pressure to change its interest rate policy as soon as Wednesday, after the central bank’s attempt to …

  • Business News

    Japan’s sharp wholesale price rise heaps pressure on BOJ’s ultra-easy policy

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    By Leika Kihara TOKYO (Reuters) -Japan’s annual wholesale prices rose at a faster-than-expected pace in December, data showed on Monday, adding to recent growing signs of inflationary pressure that could …

  • Business News

    Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    By Naveen Thukral and Bernadette Christina SINGAPORE/JAKARTA (Reuters) -A move by top palm oil exporter Indonesia to restrict shipments and boost domestic biodiesel consumption is set to squeeze global vegetable …

  • Business News

    IMF’s Georgieva confirms Ghana seeking debt treatment under G20 Common Framework

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva on Sunday confirmed that Ghana has sought debt treatment under the Common Framework platform supported by the Group of 20 major …

  • Business News

    IMF says fragmentation could cost global economy up to 7% of GDP

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    WASHINGTON (Reuters) – A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach …

  • Business News

    Brazil’s BTG Pactual appeals decision protecting billionaire-backed Americanas from creditors

    by Reuters January 15, 2023
    by Reuters January 15, 2023

    By Tatiana Bautzer SAO PAULO (Reuters) -Brazilian bank Banco BTG Pactual SA has appealed a court injunction that protected billionaire-backed retailer Americanas from creditors on Friday, documents seen by Reuters …

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