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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    German industry is losing green energy race, autos association warns

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    BERLIN (Reuters) -Germany urgently needs more carbon-neutral energy at affordable prices if it is to maintain its global relevance as an industrial player, the president of German autos association VDA …

  • Business News

    Pakistan to take fiscal measures set by IMF to meet budgetary targets

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    By Asif Shahzad ISLAMABAD (Reuters) – Pakistan will take fiscal measures set by the International Monetary Fund (IMF) to meet its budgetary targets for the 2022-23 financial year, finance minister …

  • Business News

    Factbox-LVMH roles held by Bernard Arnault’s children

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    By Mimosa Spencer and Mimosa Spencer PARIS (Reuters) -LVMH Chairman and CEO Bernard Arnault named his daughter Delphine as CEO of the group’s second largest fashion label Christian Dior on …

  • Business News

    Uniqlo owner gives Japan Inc a jolt with 40% wage hike

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    By Rocky Swift TOKYO (Reuters) – Uniqlo parent Fast Retailing Co Ltd on Wednesday said it would raise wages by as much as 40%, a clear sign that Japan’s rock-bottom …

  • Business News

    With a sale of Chinese yuan, Russia kicks off 2023 forex intervention

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    By Guy Faulconbridge and Darya Korsunskaya MOSCOW (Reuters) -Russia said it would resume foreign currency interventions with the sale of yuan from Friday, underscoring the growing importance of China’s currency …

  • Business News

    Boeing orders jump but trail Airbus for 4th straight year as China lags

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    By David Shepardson WASHINGTON (Reuters) -Boeing Co reported a sharp jump in airplane orders and deliveries in 2022 but trailed Airbus for the fourth straight year as its European rival …

  • Business News

    Christmas fizz prompts UK’s Sainsbury’s to lift profit guidance

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    By James Davey LONDON (Reuters) -Sainsbury’s, the first listed British supermarket to update on Christmas trading, forecast full-year profit at the upper end of its guidance after shoppers spent more …

  • Business News

    Marketmind: Keeping counsel ’til CPI

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    A look at the day ahead in U.S. and global markets from Mike Dolan. No news from the Fed appears to be good news these days. Markets breathed a collective …

  • Business News

    VW China head sees China’s overall car sales rising 5% in 2023

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    SHANGHAI (Reuters) -China’s overall passenger vehicle sales are estimated to rise 5% in 2023, Volkswagen AG’s China President Ralf Brandstaetter told Chinese media. New energy vehicles, which include pure electric …

  • Business News

    South Africa’s Telkom, Rain terminate deal talks; Telkom shares jump

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    JOHANNESBURG (Reuters) – South African telecoms operator Telkom and data network provider Rain have terminated discussions about a potential acquisition of Rain, Telkom said in a statement on Wednesday, sending …

  • Business News

    Credit Suisse may halve 2022 bonus pool -Bloomberg News

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    ZURICH (Reuters) -Credit Suisse is considering a 50% cut to its 2022 bonus pool, Bloomberg News reported on Wednesday, as the Swiss bank presses on with efforts to revive its …

  • Business News

    Analysis-Gated UK property funds are open to further risk

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    By Carolyn Cohn and Elizabeth Howcroft LONDON (Reuters) – UK property funds face further exit requests, asset fire sales and reduced demand from pension schemes after payout restrictions prompted investors …

  • Business News

    Move over TINA, it’s time for TARA

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    (Refiles to change title in paragraph four to CIO from chief executive for Global Fixed Income at PIMCO. No other changes to text) By Naomi Rovnick (Reuters) – A shakeout …

  • Business News

    China’s 2022 industrial output expected to have grown 3.6% y/y

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    BEIJING (Reuters) – China’s industrial output is expected to have grown 3.6% in 2022 from the previous year, the Ministry of Industry and Information Technology (MIIT) said on Wednesday, despite …

  • Business News

    BP hires Equinor exec to lead ventures business

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    By Ron Bousso LONDON (Reuters) – BP has appointed Gareth Burns to head its global ventures division which oversees the company’s investments in start-up technologies as part of its shift …

  • Business News

    ECB’s Villeroy sees rate hikes at a ‘pragmatic pace’ in coming months

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    PARIS (Reuters) – Interest rate hikes by the European Central Bank will need to come at a “pragmatic pace” in the coming months, French ECB policymaker Francois Villeroy de Galhau …

  • Business News

    Axel Springer’s Politico plans U.S., Europe expansion – CEO

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    BERLIN (Reuters) – Politico plans to expand in its home market of the United States as well as Europe as part of a five-year plan focusing more on regional policy-making …

  • Business News

    Most Japan households predict higher prices, keeps pressure on BOJ

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    By Leika Kihara TOKYO (Reuters) -Japanese households’ inflation expectations crept up in the three months to December, a central bank survey showed, a sign that persistent rises in food and …

  • Business News

    BlackRock’s iShares flows top Vanguard’s ETFs, fixed income on the up

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    By Davide Barbuscia NEW YORK (Reuters) – BlackRock’s iShares exchange traded funds (ETFs) gained more net flows than Vanguard’s ETFs last year, according to estimates from industry tracker Morningstar, putting …

  • Business News

    Ghana says debt exchange talks with local pension funds continuing

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    ACCRA (Reuters) – Ghana’s finance ministry on Wednesday said negotiations on the terms of a domestic debt exchange agreement with local pension funds were continuing and that they would be …

  • Business News

    Chevron restarts production at Wheatstone gas plant

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    (Reuters) -Chevron Corp’s Wheatstone domestic gas plant has re-commenced supply to the Western Australia market, a spokesperson for the oil and gas explorer’s Australian unit said on Wednesday. Gas supply …

  • Business News

    Kremlin says it hasn’t seen cases of oil price caps

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    MOSCOW (Reuters) -The Kremlin said on Wednesday it had not yet seen any cases of price caps on Russian oil imposed by the West last month, in comments about possible …

  • Business News

    U.S. judge rules Apple Watch infringed Masimo’s pulse oximeter patent

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    (Reuters) -A U.S. judge ruled that Apple had infringed on one of Masimo Corp’s pulse oximeter patents by importing and selling certain Apple Watches with light-based pulse oximetry functionality and components, …

  • Business News

    Environment risks dominate in “polycrisis” world – WEF survey

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    By Mark John (Reuters) – Failure to tackle climate change and environmental degradation dominate the ranking of top risks facing the planet in the next decade, a World Economic Forum …

  • Business News

    Column-Is Brazil another BRIC in the wall? :Mike Dolan

    by Reuters January 11, 2023
    by Reuters January 11, 2023

    By Mike Dolan LONDON (Reuters) – Almost as surprising as the weekend’s shock events in Brasilia was how little world markets appeared to react – showing investors may already be …

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