Business news



Apple acquires Vrvana for $30 million
Apple acquires Vrvana for $30 million

Apple bought virtual reality headset maker Vrvana, a startup from Montreal, Canada. The deal was for around $30 million. 

Massive hack concealment by Uber made public
Massive hack concealment by Uber made public

Uber gave $100,000 to hackers in order to conceal a huge breach in 2016 that allowed siphoning of personal data of around 57 million people of the...

Goldman Sachs to move jobs from London to Paris and Frankfurt after Brexit
Goldman Sachs to move jobs from London to Paris and Frankfurt after Brexit

U.S. investment bank Goldman Sachs would have hubs in Frankfurt and Paris after Brexit, CEO Lloyd Blankfein said. 

Alibaba to buy 36% stake in Chinese hypermarket network for $2.9 billion
Alibaba to buy 36% stake in Chinese hypermarket network for $2.9 billion

China's internet giant Alibaba has agreed to acquire 36 percent of Sun Art Retail Group Ltd 36%, which operates 400 hypermarkets, for $ 2.9...

Siemens to cut nearly 7,000 employees worldwide
Siemens to cut nearly 7,000 employees worldwide

Siemens AG in a few years will cut about 6,900 jobs worldwide, half of them in Germany, the company announced. 

Volkswagen to invest 10 billion euro in development of electric vehicles in China
Volkswagen to invest 10 billion euro in development of electric vehicles in China

The German car maker Volkswagen AG (VW) intends to invest 10 billion euros in the development of new electric vehicles in China until 2025, China...

Airbus signs its largest airplane deal ever
Airbus signs its largest airplane deal ever

Airbus will sell 430 airplanes for $49.5 billion to U.S. investment company Indigo Partners. The European aerospace company's largest deal...

Amazon to sell its cloud services in China
Amazon to sell its cloud services in China

Amazon.com Inc is preparing to sell the hardware from its public cloud services in China to its local partner, Beijing Sinnet Technology Co, for...

GE cuts dividends in half due to weak financial performance
GE cuts dividends in half due to weak financial performance

The board of directors of the U.S multidisciplinary concern General Electric Co. (GE) decided to cut quarterly dividend payments in half, to 12...

China and Boeing agree 300 aircraft deal
China and Boeing agree 300 aircraft deal

Chinese company negotiated the purchase of 300 Boeing planes for around $37 bln while the country is seeking to broaden its air fleet in response...

Toyota raises annual profit forecast on weaker yen
Toyota raises annual profit forecast on weaker yen

Toyota Motor Corp upgraded its forecast for full-year operating profit by 8.1 percent due to a weaker yen and robust U.S. demand for new cars. 

France reduces its stake in Renault to level of 15 percent
France reduces its stake in Renault to level of 15 percent

The French government said it sold a 4.7 percent stake in Renault to the carmaker for 1.21 billion euros ($1.4 billion). 

iPhone X goes on sale and brings Apple shares to their maximum
iPhone X goes on sale and brings Apple shares to their maximum

Apple shares set a new maximum just several hours after the IT company’s iPhone X sales started. 

Facebook reports 79% jump in third quarter profit
Facebook reports 79% jump in third quarter profit

Facebook said its quarterly profit increased 79 percent year-on-year to $4.7 billion and revenues rose almost 50 percent in the third quarter....

Samsung reports another record-breaking quarter
Samsung reports another record-breaking quarter

Samsung Electronics Co Ltd reported net income soared 150 percent to 11 trillion won ($9.8 billion) in the three months to September. 


Business as the main participant of transactions in the Forex and stock markets

Business is an integral component of the world economy, which have a huge influence on the traders behavior on the stock and currency markets. Mergers and acquisitions or bankruptcy of large corporations can change the dynamics on financial markets giving them new trends. If investor purchased shares of one or another company, he must follow all the events, which take place around the selected business and its competitors to have an opportunity at any time to turn news data in his favor and to reduce risks to investments.

Business as the foundation of intensive development of the economy and financial markets

The economy of developed and emerging countries is based on entrepreneurship which is responsible for the production of industrial products and general consumer goods, as well as products, which have export potential and bring to the state a significant share of the profits. In turn, this have an impact on significance of the national currency, what is clearly reflected on the foreign exchange market. Timely analysis will allow traders and investors to choose the right strategy and get the desired profit.
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