By Ann Saphir (Reuters) – The Senate’s sign-off last week on Jerome Powell’s second term as head of the Federal Reserve leaves the helm of the U.S. central bank in …
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PARIS -French retailer Casino said in a statement it had launched a process to sell its renewable energy unit GreenYellow with a view to a potential transaction by the end …
- Financial News
Saudi Arabia set for oil output capacity above 13 million bpd by 2027, says minister
by Reutersby ReutersBy Yousef Saba and Maha El Dahan MANAMA – Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 …
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By Makiko Yamazaki TOKYO -Japan’s largest lender Mitsubishi UFJ Financial Group Inc (MUFG) said on Monday it expects a 12% drop in annual net profit due to market volatility and …
- Financial News
Snowless Davos readies new face for World Economic Forum meeting
by Reutersby ReutersBy Michael Shields DAVOS, Switzerland – Movers and shakers arriving for the annual meeting of the World Economic Forum (WEF) this month can pack sandals instead of ski boots for …
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LONDON – More than 50 economists warned on Monday that Britain’s post-Brexit plans to boost the competitiveness of its huge finance industry risked creating the kind of problems that led …
- Financial News
Russian oil output up 1.7% month on month in May so far, Interfax reports
by Reutersby Reuters(Reuters) – Russian oil and gas condensate average output has increased by around 1.7% month on month to 1.4 million tonnes per day (10.25 million barrels per day) in the …
- Financial News
ECB may kick off development of digital euro by end-2023, Panetta says
by Reutersby ReutersFRANKFURT – The European Central Bank may kick off the development of its digital euro, an electronic version of banknotes and coins, by the end of next year, ECB board …
- Financial News
Investment banks rush to cut yuan forecasts again after April revisions
by Reutersby ReutersBy Winni Zhou and Alun John SHANGHAI/HONG KONG – Major investment houses are cutting their forecasts for the yuan for the second time in just three weeks as the Chinese …
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By Sam Nussey and Mayu Sakoda TOKYO -Glassdoor owner Recruit Holdings says it wants to have women in 50% of its senior executive and managerial roles within 10 years – …
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China’s thermal coal futures mute as Beijing reins in commodity inflation
by Reutersby ReutersBEIJING – Trade in China’s thermal coal futures has almost come to a halt, after Beijing stepped up its control of coal prices to rein in the soaring costs of …
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U.S. travel firms flex marketing muscle to lure travelers seeking sun and sand
by Reutersby ReutersBy Nilanjana Basu and Aishwarya Nair (Reuters) – U.S. travel booking firms are spending heavily on marketing to get more people to book flights and accommodation on their apps and …
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Holcim to use proceeds from India sale on lower carbon acquisitions
by Reutersby ReutersBy John Revill ZURICH – Holcim will use cash raised from the sale of its Indian business for acquisitions focused on building products and solutions, Chief Executive Jan Jenisch said …
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A deluge of data from across major economies comes at a pivotal moment in the debate over whether central banks are jacking up interest rates into a potentially sharp global …
- Financial News
Dalian iron ore rebounds on supply woes, easing of China COVID curbs
by Reutersby ReutersBy Enrico Dela Cruz (Reuters) -Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 …
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Tesla delays plan to restore Shanghai output to pre-lockdown levels -memo
by Reutersby ReutersSHANGHAI -Tesla Inc has delayed a plan to restore production at its Shanghai plant to levels before the city’s COVID-19 lockdown by at least a week, according to an internal …
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Credit Suisse nears settlement with West Virginia governor’s mining group – FT
by Reutersby Reuters(Refiles to fix date) (Reuters) – Swiss bank Credit Suisse is close to a settlement with West Virginia Governor Jim Justice over the $690 million his mining company Bluestone Resources …
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LONDON – British employers expect to raise staff pay by 3%, a big increase by normal standards but far below the current rate of inflation, and there are signs of …
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By Liangping Gao and Clare Jim BEIJING/HONG KONG -China’s property sales in April fell at their fastest pace in around 16 years as COVID-19 lockdowns further cooled demand despite more …
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NEWARK, NJ – Newark Public Safety Director Brian A. O’Hara seeks the public’s help in identifying the below-pictured male suspects in connection with a carjacking that occurred today. “Just before …
- Breaking NewsNew Jersey NewsOcean County NewsPolice Blotter
Car Crashes into Berkeley Township Rite-Aid
BERKELEY TOWNSHIP, NJ – A vehicle crashed through the wall of a Rite-Aid store in Berkeley Township Sunday night. According to the Berkeley Township Police, the vehicle, a Jeep Wrangler …
- Financial News
Analysis: European dealmakers face shrinking debt options as recession risk looms
by Reutersby ReutersBy Pamela Barbaglia and Yoruk Bahceli LONDON – European dealmakers are struggling to finance corporate takeovers as concern that the region’s economies may dip into recession is prompting debt investors …
- Breaking NewsNew Jersey NewsNew York NewsPolice Blotter
Man Carrying AR Style Rifle in NYC Subway Station Arrested
by Adam Devineby Adam DevineNEW YORK, NY – The New York City Police Department reported they had confiscated a loaded AR-style rifle and a handgun during an investigation at a NYC subway station. Yasmany …
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WILMINGTON, DE – Delaware State Police arrested 22-year-old Michael Yang of Wilmington, on weapon and related charges following a criminal investigation the agency said in a police report today. “On May …
- Breaking NewsNew York NewsPolice Blotter
Man Punched New York City Cop in Face at Gun Hill Road Subway Station
by Adam Devineby Adam DevineNEW YORK, NY – A New York City cop was punched in the face by an unknown subject inside the Gun Hill Road subway station in the Bronx on Saturday. …