Business news



H&M to cut dividend for first time ever

H&M to cut dividend for first time ever

The Sweden-based retailer H&M could cut its dividend for fiscal 2018, Bloomberg reported. This will be the first time since 1974, when H&M shares began trading. 


April 23, 2018
GSMA delays implementation of new cellphone technology
GSMA delays implementation of new cellphone technology

GSMA, a group that represents the interests of mobile operators, said it delays rollout of eSIM standards until the completion of a U.S....

Google launches new Chat to replace SMS
Google launches new Chat to replace SMS

Google has started to develop a new chat service to replace SMS text messages and win competition with iMessage (Apple) and WhatsApp...

April 20, 2018
Wells Fargo to be fined $1 billion for financial violations
Wells Fargo to be fined $1 billion for financial violations

The U.S. federal regulators will impose a $1 billion fine on Wells Fargo for financial violations, The New York Times reported. Such a penalty...

April 19, 2018
Alibaba is developing self-driving cars
Alibaba is developing self-driving cars

China's Internet giant Alibaba confirmed information it is testing its own autonomous vehicle technology, China Daily reported. 

April 18, 2018
Tesla to begin around-the-clock production of Model 3
Tesla to begin around-the-clock production of Model 3

Tesla Inc. is moving to around-the-clock production of Model 3 chief executive officer Elon Musk told employees. Only under such conditions Tesla...

April 17, 2018
U.S. bans China’s ZTE Corp from buying American software
U.S. bans China’s ZTE Corp from buying American software

The United States banned one of China's largest tech companies - ZTE Corp, from buying components from American tech companies. 

April 13, 2018
London Stock Exchange Group appoints Goldman Sachs Group's veteran as new CEO
London Stock Exchange Group appoints Goldman Sachs Group's veteran as new CEO

London Stock Exchange Group Plc (LSEG), operator of the London Stock Exchange (LSE), has appointed a 20-year veteran of Goldman Sachs Group Inc....

Volkswagen announces new CEO
Volkswagen announces new CEO

Volkswagen Group announced the resignation of the company's chief executive Matthias Mueller. Hi will be succeeded by Herbert Diess, who had...

April 12, 2018
Emirates faces pilot shortage
Emirates faces pilot shortage

Emirates President Tim Clark said that the airline faced a shortage of pilots, which is why in the summer it will have to cut some flights. 

Total to buy Engie’s LNG business for $1.5 bln
Total to buy Engie’s LNG business for $1.5 bln

The European Commission has allowed the French oil and gas company Total to buy Engie's LNG assets. The Commission concluded that the merger...

April 6, 2018
Facebook’s users would have to pay to stop targeted ads
Facebook’s users would have to pay to stop targeted ads

If Facebook’s users would like to opt out of data-driven advertisements they would have to pay for it, the company's Chief Operating...

April 5, 2018
BHP Billiton to leave World Coal Association
BHP Billiton to leave World Coal Association

World’s largest miner BHP Billiton said it will quit the World Coal Association, though remaining member of the U.S. Chamber of...

ICE to buy Chicago Stock Exchange
ICE to buy Chicago Stock Exchange

Intercontinental Exchange Inc., the owner of the New York Stock Exchange, has reached a deal to acquire the Chicago Stock Exchange. In March the...

April 4, 2018
Tesla produces Model 3 at increasingly rapid rate, though still misses target
Tesla produces Model 3 at increasingly rapid rate, though still misses target

Tesla has built 34,494 vehicles during 2018's first quarter, which is 40% higher than the previous quarter. 9,766 were the Model 3s, 11,730...

April 3, 2018
Apple plans to drop Intel chips
Apple plans to drop Intel chips

Apple plans to stop using Intel chips in Mac computers and to replace them with its own production chips from 2020, Bloomberg reported. 

April 2, 2018
Hackers steal personal data from more than 5 million customers of Saks Fifth Avenue
Hackers steal personal data from more than 5 million customers of Saks Fifth Avenue

U.S. retail chains Saks Fifth Avenue and Lord & Taylor were hit by a hacker attack, which led to compromising data on payment cards of...

March 30, 2018
Microsoft Corp announces largest reorganization in three years
Microsoft Corp announces largest reorganization in three years

Microsoft Corp. announced a major management reshuffle in the last 3 years, CEO Satya Nadella said. 

Tesla recalls 123,000 vehicles due to excessive corrosion
Tesla recalls 123,000 vehicles due to excessive corrosion

U.S.-based manufacturer of electric vehicles Tesla Inc. is recalling a huge number of its Model S sedans due to possible problems with a...

March 29, 2018
SoftBank Group buys 25 percent stake in Swiss Re for $9.6 billion
SoftBank Group buys 25 percent stake in Swiss Re for $9.6 billion

Japan-based SoftBank Group is close to acquire a 25 percent stake in Swiss Re AG for $9.6 billion.

Renault SA and Nissan Motor hold talks about merger
Renault SA and Nissan Motor hold talks about merger

French Renault SA and Japanese Nissan Motor Co. Negotiations are in talks to merge and create a new carmaker that will trade under a single stock,...

March 28, 2018
Oracle wins multi-billion dollar copyright case against Google
Oracle wins multi-billion dollar copyright case against Google

The Federal Circuit has ruled that Google had violated Oracle's copyright by using Oracle's Java development platform to create the...

March 21, 2018
Ex-Uber CEO Travis Kalanick to head City Storage Systems
Ex-Uber CEO Travis Kalanick to head City Storage Systems

Co-founder and Ex-Uber CEO Travis Kalanick will invest $150 million in City Storage Systems. This will allow him to become the main shareholder of...

European Union approves Bayer's buyout of Monsanto
European Union approves Bayer's buyout of Monsanto

The European Commission, the EU antitrust watchdog, has approved $66 billion takeover of U.S.-based Monsanto Co by German conglomerate...

March 20, 2018
German prosecutors suspect Volkswagen of market manipulation
German prosecutors suspect Volkswagen of market manipulation

German prosecutors searched Volkswagen's global headquarters in early March suspecting car maker of market manipulation, WirtschaftsWoche...

Each seventh European company moved parts of business out of Britain
Each seventh European company moved parts of business out of Britain

European companies have begun to move parts of their business out of the UK due to the approaching exit of the country from the EU. According to...

Facebook's chief security officer to leave company – NYT
Facebook's chief security officer to leave company – NYT

Facebook Chief Information Security Officer Alex Stamos plans to resign amid the scandal with the illegal use of data of 50 million social network...

March 16, 2018
Nike Brand President resigns after complaints of colleagues
Nike Brand President resigns after complaints of colleagues

Nike president Trevor Edwards has resigned after complaints of colleagues for cases of inappropriate behavior in the workplace, the Wall Street...

March 15, 2018
Walt Disney reorganizes its business and creates streaming service
Walt Disney reorganizes its business and creates streaming service

Walt Disney announced a strategic reorganization of its business. The company creates a new structure, which will be responsible for streaming...

China Investment Corp. sells its stake in Blackstone Group LP
China Investment Corp. sells its stake in Blackstone Group LP

China’s sovereign wealth fund China Investment Corp sold its stake in Blackstone Group LP, finishing an 11-year investment. 

March 14, 2018
U.S. CEO optimism reaches record peak
U.S. CEO optimism reaches record peak

Confidence in the U.S. economy among the nation’s top CEOs hit a 15-year peak in the first three months of the year, the Business Roundtable...

March 13, 2018
Foreign affiliates of KPMG, Deloitte and BDO were fined by SEC
Foreign affiliates of KPMG, Deloitte and BDO were fined by SEC

The Securities and Exchange Commission fined foreign affiliates of KPMG, Deloitte & Touche, and BDO, accusing them of conducting audits...

March 12, 2018
Saudi Aramco to postpone IPO until 2019
Saudi Aramco to postpone IPO until 2019

Saudi Aramco’s initial public offering may be delayed until 2019, according to the Financial Times.

Tesla suspended Model 3 production for a week in late February
Tesla suspended Model 3 production for a week in late February

Tesla Inc temporarily paused output of its Model 3 electric vehicle from February 20-24. 

March 7, 2018
Blackberry sues Facebook, Instagram and WhatsApp
Blackberry sues Facebook, Instagram and WhatsApp

Blackberry has filed a patent lawsuit against Facebook and its apps Instagram and WhatsApp. Canada-based company believes that the defendants...

March 6, 2018
Chicago Stock Exchange abandons stake sale to China
Chicago Stock Exchange abandons stake sale to China

The Chicago Stock Exchange refused to sell a majority stake to a group of Chinese investors after the Securities and Exchange Commission (SEC) in...

March 5, 2018
Sales at UK's largest online retailers leap by 23%
Sales at UK's largest online retailers leap by 23%

Sales at the UK's 20 biggest online retailers leaped 23%, up to £8.4bn in the 12 months ended in August 2017, RPC reported. 

March 2, 2018
Blackstone CEO received $786.5 million for 2017
Blackstone CEO received $786.5 million for 2017

Blackstone founder and CEO Steve Schwarzman received $786 million last year - one of the largest take-home ever. A record remuneration became...

March 1, 2018
Carrefour reports net loss of 531 million euros due to non-recurring charges
Carrefour reports net loss of 531 million euros due to non-recurring charges

Carrefour, Europe’s largest retailer, on Wednesday said its operating profit dropped for the second year in a row, noting increased...

February 27, 2018
Comcast wants to buy Sky for $31 billion
Comcast wants to buy Sky for $31 billion

U.S. cable giant Comcast has launched a $31-billion bid to buy UK broadcaster Sky. 

Apple to release three new smartphones in 2018
Apple to release three new smartphones in 2018

Apple Inc. is planning to release three new models of the iPhone later this year - the largest smartphone ever made by the company, a new device...

February 26, 2018
BMW to start producing new electric Mini in China
BMW to start producing new electric Mini in China

China-based Great Wall Motor and German BMW plan to begin the joint production of Mini electric vehicles in China, which is the world's...

Fiat Chrysler to end diesel car production by 2022
Fiat Chrysler to end diesel car production by 2022

Fiat Chrysler will completely abandon the production of cars with diesel engines due to a weaker demand and a faster increase in costs. 

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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