Business news


Asia Growth Drives 4% Rise in Prudential Operating Profit

Asia Growth Drives 4% Rise in Prudential Operating Profit

Prudential’s operating profit rose 4% in 2020, Britain’s largest insurer said on Wednesday, driven by strength in its main Asian business, as it prepares to split off its U.S. operations.


March 2, 2021
Apple's Biggest Day Since Oct. 12 after Buffett Endorsement
Apple's Biggest Day Since Oct. 12 after Buffett Endorsement

Shares of Apple closed up 5.39% on Monday to a price of $127.79, outpacing the NASDAQ, which was only up 3.01% percent. It was Apple’s...

Walmart's Flipkart Expands Grocery Sales to Indian Cities
Walmart's Flipkart Expands Grocery Sales to Indian Cities

Walmart-owned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance in an e-commerce...

Nippon Steel to Boost R&D Spending to Hasten Decarbonisation
Nippon Steel to Boost R&D Spending to Hasten Decarbonisation

Nippon Steel, the world’s No.3 steelmaker, will boost research and development (R&D) spending to speed decarbonisation in steelmaking as...

March 1, 2021
Beyond Meat CFO Mark Nelson to Retire
Beyond Meat CFO Mark Nelson to Retire

Beyond Meat Inc said on Monday Chief Financial Officer Mark Nelson, who played a key role in the plant-based patty maker’s blockbuster public...

How 10-Second Video Clip Sold for $6.6 Million
How 10-Second Video Clip Sold for $6.6 Million

In October 2020, Miami-based art collector Pablo Rodriguez-Fraile spent almost $67,000 on a 10-second video artwork that he could have watched for...

February 25, 2021
Costco Lifts Minimum Wage above Amazon or Target
Costco Lifts Minimum Wage above Amazon or Target

Costco Wholesale Corp is raising the minimum wage for its hourly staff to $16 from next week, a dollar more than what its competitors Amazon.com...

Short Squeeze Boosts Air France KLM as Travel Stocks Fly
Short Squeeze Boosts Air France KLM as Travel Stocks Fly

Shares of heavily-shorted airline Air France KLM rallied as much as 10% on Thursday as early signs of easing travel restrictions lured investors to...

French Retailer Casino 2020 Operating Profits Rise
French Retailer Casino 2020 Operating Profits Rise

French retailer Casino on Thursday vowed to boost its profitability and cash flow further this year and push on with its asset disposal plan to...

February 24, 2021
Anglo Pacific Signs $205 mln Voisey's Bay Cobalt Deal
Anglo Pacific Signs $205 mln Voisey's Bay Cobalt Deal

Anglo Pacific has agreed to buy a share of cobalt production from Vale’s Voisey’s Bay mine in Canada, giving the mining royalty and...

Lloyds Profits Fall as it Targets Wealth Push
Lloyds Profits Fall as it Targets Wealth Push

Lloyds Banking Group reported a sharp fall in profits for 2020 but resumed paying a dividend, as outgoing CEO António Horta-Osório...

HKEX Operator 2020 Profit Soars on Higher Trading Volumes
HKEX Operator 2020 Profit Soars on Higher Trading Volumes

Hong Kong Stock Exchange’s operator posted a 23% jump in 2020 net profit on Wednesday that was marginally above estimates, buoyed by higher...

February 22, 2021
Alec Gores, Guggenheim-Backed SPAC Seeks to Raise $750M
Alec Gores, Guggenheim-Backed SPAC Seeks to Raise $750M

A blank-check firm backed by billionaire Alec Gores and investment bank Guggenheim Partners is looking to raise nearly $750 million through an...

Stuck in Port, Royal Caribbean Posts $1B Quarterly Loss
Stuck in Port, Royal Caribbean Posts $1B Quarterly Loss

Royal Caribbean Group reported a billion-dollar net loss for the fourth straight quarter on Monday, as the cruise operator continued to be affected...

Alpha Bank to Sell 10.8B Euro Portfolio to Davidson Kempner
Alpha Bank to Sell 10.8B Euro Portfolio to Davidson Kempner

Greece’s Alpha Bank will sell a 10.8 billion euro ($13.09 billion) portfolio of impaired loans and 80% of loan services provider Cepal...

February 19, 2021
Danone Warns of Tough Start to Year
Danone Warns of Tough Start to Year

Danone said on Thursday 2021 would be a year of recovery with a return to profitable growth in the second half following a tough first quarter and...

February 18, 2021
Thyssenkrupp Ends Talks with UK's Liberty on Steel Unit Sale
Thyssenkrupp Ends Talks with UK's Liberty on Steel Unit Sale

German conglomerate Thyssenkrupp ended talks to sell its steel division to Britain’s Liberty Steel due to differences over value, the latest...

Barclays Reports 38% Slide in Net Profit for 2020
Barclays Reports 38% Slide in Net Profit for 2020

Barclays on Thursday reported a full-year profit of £1.53 billion ($2.11 billion) for 2020, down 38% from 2019 but outstripping analyst...

February 17, 2021
Epic Games Takes Apple Fight to EU Antitrust Regulators
Epic Games Takes Apple Fight to EU Antitrust Regulators

Fortnite creator Epic Games has taken its fight against Apple to European Union antitrust regulators after failing to make headway in a U.S. court...

February 15, 2021
Jaguar Cars to Go All-Electric by 2025
Jaguar Cars to Go All-Electric by 2025

Jaguar Land Rover’s luxury Jaguar brand will be entirely electric by 2025 and the carmaker will launch e-models of its entire lineup by 2030,...

Vantage Expands Portfolio, Affirms Guidance Pre IPO
Vantage Expands Portfolio, Affirms Guidance Pre IPO

Vantage Towers, the infrastructure business spun out by Vodafone, said on Monday it had expanded its tower portfolio as it confirmed its outlook...

Ex-UniCredit CEO Mustier, LVMH's Arnault form SPAC for Deals
Ex-UniCredit CEO Mustier, LVMH's Arnault form SPAC for Deals

Former UniCredit boss Jean-Pierre Mustier is teaming up with France’s richest man Bernard Arnault to launch a special purpose acquisition...

Nissan: 'Not in Talks with Apple' Over Self-Driving Cars
Nissan: 'Not in Talks with Apple' Over Self-Driving Cars

Nissan Motor Co Ltd said on Monday it is not in talks with Apple Inc, following a report that the iPhone maker approached the Japanese company in...

Uber Defends Contractors, EU Law on Gig Workers Rights Eyed
Uber Defends Contractors, EU Law on Gig Workers Rights Eyed

Uber on Monday called on EU regulators to recognise the value of independent contracts in job creation as they consider new rules to protect gig...

Rolls-Royce Names Former Deloitte Partner Kakoullis as CFO
Rolls-Royce Names Former Deloitte Partner Kakoullis as CFO

Britain’s Rolls-Royce named Panos Kakoullis as its new chief financial officer, picking the former head of Deloitte’s audit and...

February 12, 2021
Intelsat Files Restructuring Plan to Emerge from Bankruptcy
Intelsat Files Restructuring Plan to Emerge from Bankruptcy

Satellite operator Intelsat SA said on Friday it has filed a restructuring plan backed by some of its creditors, in a bid to reduce debt and emerge...

L'Oreal Shares Rise as China, Online Drive Rebound in Sales
L'Oreal Shares Rise as China, Online Drive Rebound in Sales

L’Oreal’s shares rose on Friday after the world’s biggest cosmetics group reported higher-than-expected revenue growth for the...

February 11, 2021
AstraZeneca Sales Rise in 2020, Sees Revenue Growth Ahead
AstraZeneca Sales Rise in 2020, Sees Revenue Growth Ahead

AstraZeneca has reported a 10% rise in product sales for 2020, a year in which the drugmaker has featured prominently for its work developing a...

Inter Pipeline Says Brookfield's offer Below Fair Value
Inter Pipeline Says Brookfield's offer Below Fair Value

Canada’s Inter Pipeline Ltd said on Thursday that an unsolicited offer of up to C$18.25 ($14.41) per share from Brookfield Infrastructure...

IKEA Branches Out into Consumer Banking
IKEA Branches Out into Consumer Banking

IKEA stores owner Ingka Group said on Thursday it had agreed to buy a 49% stake in financial services partner Ikano Bank as part of a push to boost...

With Oil Past Peak, Shell Vows to Eliminate Carbon by 2050
With Oil Past Peak, Shell Vows to Eliminate Carbon by 2050

Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, accelerating previous targets, as oil production was set to slowly...

Adevinta Q4 Revenue Beats Forecast, eBay Deal on Track
Adevinta Q4 Revenue Beats Forecast, eBay Deal on Track

Norway’s Adevinta posted stronger-than-expected revenues for the final three months of 2020 and said its planned takeover of eBay’s...

European Aviation Maps Flight Path to Carbon Neutrality
European Aviation Maps Flight Path to Carbon Neutrality

Europe’s aviation sector on Thursday laid out how it could eliminate its net carbon dioxide emissions by 2050, a commitment it said would...

Goldman, other Firms add China Staff, Eyeing Growth
Goldman, other Firms add China Staff, Eyeing Growth

Global financial firms including Goldman Sachs, BlackRock and Fidelity International are poised to add hundreds of staff in China this year as they...

February 10, 2021
Firms Beachbody, Myx to go Public via $2.9B SPAC Deal
Firms Beachbody, Myx to go Public via $2.9B SPAC Deal

Fitness companies Beachbody LLC and Myx Fitness LLC will go public through a three-way merger with a blank-check firm affiliated with former TikTok...

Swiss Bank Pictet's Assets under Management Hit Record
Swiss Bank Pictet's Assets under Management Hit Record

Pictet’s assets under management rose to a record high in 2020, the Swiss private bank said on Wednesday, as wealthy clients channeled cash...

Saudi Aramco Prepares $10B Loan for Pipeline Business Buyers
Saudi Aramco Prepares $10B Loan for Pipeline Business Buyers

Saudi Aramco is preparing a financing package of up to $10 billion that it could offer to buyers of its pipeline business unit, three sources said,...

SocGen Posts Profit Beat in Q4 Despite Dip in Revenues
SocGen Posts Profit Beat in Q4 Despite Dip in Revenues

Societe Generale beat analyst expectations on Wednesday with what it described as a “significant improvement” in the business during...

Macquarie Taps Renewables Trend with $2B Infrastructure Fund
Macquarie Taps Renewables Trend with $2B Infrastructure Fund

Macquarie, the world’s largest infrastructure investor, has raised 1.6 billion euros ($1.93 billion) for its second global renewables fund,...

Pet Care Firm IVC Evidensia Gets 3.5B Euro Private Funding
Pet Care Firm IVC Evidensia Gets 3.5B Euro Private Funding

Pet care firm IVC Evidensia has completed a 3.5 billion euro ($4.2 billion) private funding round as the pet care industry booms in the COVID-19...

February 9, 2021
HKEX Names JPMorgan's Aguzin as New Chief Executive
HKEX Names JPMorgan's Aguzin as New Chief Executive

The Hong Kong stock exchange operator on Tuesday named JPMorgan Chase & Co’s international private bank head Nicolas Aguzin as its chief...

Fuel-Cell Truck Maker Hyzon to go Public via $2.7B SPAC Deal
Fuel-Cell Truck Maker Hyzon to go Public via $2.7B SPAC Deal

Hyzon Motors Inc has agreed to go public through a merger with blank-check firm Decarbonization Plus Acquisition Corp in a deal that values the...

Honda Raises Profit Forecast Helped by Car Sales Rebound
Honda Raises Profit Forecast Helped by Car Sales Rebound

Japanese automaker Honda Motor Co on Tuesday hiked its full-year operating profit forecast 23% to 520 billion yen as demand in China and elsewhere...


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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