Business news


South Koreans Succumb to Tesla Fever

South Koreans Succumb to Tesla Fever

From an eponymous cocktail to eager buyers following the shipping routes of long-awaited cars, Tesla Inc (TSLA.O) is having a moment in South Korea, particularly among tech-savvy professionals. Kang Sung-mo, who runs an advertising production agency in Seoul, is a convert. “I am not interes...


July 8, 2020
Ford Seeks to Extend Maturities on US$5.35B in Loans
Ford Seeks to Extend Maturities on US$5.35B in Loans

Ford Motor Co is in discussions with its lenders to extend maturities on US$5.35bn in existing credit facilities, two sources familiar with the...

July 7, 2020
Sunrun to Buy Vivint Solar for About $1.46 Billion
Sunrun to Buy Vivint Solar for About $1.46 Billion

Sunrun Inc said on Monday it will buy Blackstone-backed peer Vivint Solar for about $1.46 billion in an all-stock deal, as the top U.S....

July 6, 2020
Uber to Buy Postmates in $2.65 Billion Stock Deal
Uber to Buy Postmates in $2.65 Billion Stock Deal

Uber Technologies Inc said on Monday it would buy Postmates Inc in a $2.65 billion deal, looking to expand its reach into the food-delivery market...

Citi Expects Stocks to Go Sideways For a Year
Citi Expects Stocks to Go Sideways For a Year

World stocks will probably tread water for a year, according to Citi strategists, who recommend a more defensive portfolio in the face of the...

Uber, Postmates agree on $2.65 billion all-stock deal
Uber, Postmates agree on $2.65 billion all-stock deal

Ride-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement,...

July 3, 2020
Intel to invest $255M in Reliance's Jio Platforms
Intel to invest $255M in Reliance's Jio Platforms

Intel Corp’s investment arm will pay some $255 million for a small stake in Reliance Industries Ltd’s digital unit Jio Platforms,...

GM's China Sales Drop 5% in Second Quarter
GM's China Sales Drop 5% in Second Quarter

General Motors Co’s vehicle sales in China dropped 5.3% between April and June from the corresponding period last year, underperforming...

July 2, 2020
Fed Deluged by Letters From Needy Over its Loan Program
Fed Deluged by Letters From Needy Over its Loan Program

The U.S. Federal Reserve on Wednesday released thousands of letters and emails from individuals, businesses and nonprofit groups this spring urging...

July 1, 2020
Mexico Revokes License of Savings Bank Arm of Grupo Famsa
Mexico Revokes License of Savings Bank Arm of Grupo Famsa

Mexican financial authorities said on Tuesday they had revoked the license of the savings bank arm of retailer Grupo Famsa, which last week...

June 30, 2020
Oil major Shell to write down up to $22B of assets in Q2
Oil major Shell to write down up to $22B of assets in Q2

Oil giant Royal Dutch Shell said on Tuesday it will write down the value of its assets by up to $22 billion in the second quarter, after revising...

Norwegian Air Shuttle Cancels Deal for Remaining Boeing Jets
Norwegian Air Shuttle Cancels Deal for Remaining Boeing Jets

Struggling Norwegian Air Shuttle ASA said it has notified Boeing Co. that it will cancel a deal to buy nearly 100 remaining planes, and is suing...

Cineworld Cinemas in U.S. and UK to Reopen From July 31
Cineworld Cinemas in U.S. and UK to Reopen From July 31

Britain’s Cineworld Group said on Tuesday it would delay reopening its cinemas in the United States and Britain until Friday 31st July,...

Shell to Take Up to $22B Writedown After Climate Review
Shell to Take Up to $22B Writedown After Climate Review

Royal Dutch Shell on Tuesday said it will write down the value of its assets by up to $22 billion after lowering its long-term outlook on oil...

June 29, 2020
Bankrupt Chesapeake Plans to Cut Drilling Further this Year
Bankrupt Chesapeake Plans to Cut Drilling Further this Year

Bankrupt Chesapeake Energy on Monday laid out its long-term plan and said it would operate just around half the number of active rigs through the...

BP Sells Petchems Arm for $5B in Energy Transition Revamp
BP Sells Petchems Arm for $5B in Energy Transition Revamp

BP has agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe’s Ineos for $5 billion, pulling out of a sector...

Airbus Fine-Tunes Job Cuts as CEO Confirms 40% Output Drop
Airbus Fine-Tunes Job Cuts as CEO Confirms 40% Output Drop

Airbus was finalising an imminent restructuring plan expected to include thousands of job cuts on Monday as its chief executive confirmed plans to...

Telegram to Pay $18.5M, Refund Money to Settle SEC Charges
Telegram to Pay $18.5M, Refund Money to Settle SEC Charges

Telegram Group Inc has agreed to return $1.2 billion to investors and pay an $18.5 million civil penalty to resolve charges over an unregistered...

June 26, 2020
Sanofi Considering Up to 1,680 Job Cuts in Europe - Sources
Sanofi Considering Up to 1,680 Job Cuts in Europe - Sources

Sanofi is considering cutting up to 1,680 jobs in Europe, two sources familiar with the matter said on Friday, as the French drugmaker...

EU Exec to Ask ESMA to Look Into Collapse of Wirecarda
EU Exec to Ask ESMA to Look Into Collapse of Wirecarda

The European Commission will ask the European Securities and Markets Authority (ESMA) to investigate if BaFin, Germany’s banking regulator,...

June 25, 2020
Lufthansa Soars After Top Shareholder Backs Bailout
Lufthansa Soars After Top Shareholder Backs Bailout

Lufthansa shares jumped as much as 20% on Thursday after its top shareholder dropped his objections to a 9 billion euro ($10 billion)...

Generali Agrees to Buy 24.4% Stake in Rival Cattolica
Generali Agrees to Buy 24.4% Stake in Rival Cattolica

Italy’s top insurer Generali will buy a 24.4% stake in smaller rival Cattolica Assicurazione for 300 million euros ($337.41 million) in a...

Crescent Acquisition to Buy F45, to Trade on Nasdaq
Crescent Acquisition to Buy F45, to Trade on Nasdaq

Crescent Acquisition Corp, a special purpose acquisition firm, said it would buy Australian fitness chain F45 Training in a deal that values the...

June 24, 2020
Offshore Oil Drillers Face Another Shakeout
Offshore Oil Drillers Face Another Shakeout

The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in...

FAR Says Senegalese Unit in Default Over Sangomar Project
FAR Says Senegalese Unit in Default Over Sangomar Project

Australian listed oil and gas company FAR Ltd said on Wednesday its unit had defaulted on its obligations to the Sangomar joint venture project in...

Google to Invest Up to $2 B in Polish Data Centre
Google to Invest Up to $2 B in Polish Data Centre

Google will invest as much as $2 billion in a data centre in Poland to deal with cloud services, the Puls Biznesu daily said on Wednesday.

T-Mobile Shares Priced at $103 Each in SoftBank Sale
T-Mobile Shares Priced at $103 Each in SoftBank Sale

U.S. wireless carrier T-Mobile US Inc said it has priced a sale of its shares at $103 each in a deal that will see SoftBank Group divest a...

June 23, 2020
Fiat Chrysler Close to Approve for $7.1B State-Backed Loan
Fiat Chrysler Close to Approve for $7.1B State-Backed Loan

Fiat Chrysler is very close to obtaining the necessary authorisations to receive a 6.3 billion euros ($7.1 billion) state-backed loan from...

Fish-and-Chip Shops Hit By Virus, But Online Orders Soar
Fish-and-Chip Shops Hit By Virus, But Online Orders Soar

James Lipscombe was holed up in his house in Bishop’s Stortford, nursing a wife sick with the coronavirus disease, looking after two small...

June 22, 2020
Brazil's BTG to Raise $400 Million to Challenge Rival XP
Brazil's BTG to Raise $400 Million to Challenge Rival XP

Brazilian investment bank BTG Pactual plans to raise roughly 2 billion reais ($376.61 million) through a share offering to boost its digital...

Small, Medium Businesses Feel Brunt of Lockdown Pain: Survey
Small, Medium Businesses Feel Brunt of Lockdown Pain: Survey

Small and mid-sized businesses around the world are being hit hardest by the impact of COVID-19 lockdowns and about a fifth say they risk shutting...

Apple to Update Developers, Possibly Signal Split From Intel
Apple to Update Developers, Possibly Signal Split From Intel

Apple Inc on Monday will hold its annual conference for software developers, rolling out new features in its operating systems for iPhones and...

After BP Takes Hit, Investors Widen Climate Change Campaign
After BP Takes Hit, Investors Widen Climate Change Campaign

Investors managing £1.8 trillion ($2.2 trillion) in assets are widening a campaign pressing oil majors to better reflect climate risks in...

American Airlines Seeks $3.5 Billion in New Financing
American Airlines Seeks $3.5 Billion in New Financing

American Airlines Group Inc said on Sunday it plans to secure $3.5 billion in new financing, to improve the airline’s liquidity as it...

June 19, 2020
Alibaba and JD.com Handle a Record $136.51 Billion in Sales
Alibaba and JD.com Handle a Record $136.51 Billion in Sales

China’s two biggest e-commerce giants Alibaba and JD.com handled $136.51 billion of sales through their platforms in 24 hours, during one of...

Discount Grocers Look to Jump on Home Delivery Bandwagon
Discount Grocers Look to Jump on Home Delivery Bandwagon

Discount supermarket chains Aldi and Lidl look poised to accelerate their push into home delivery to satisfy burgeoning demand for online grocery...

Nissan Plans More Shift Cuts at Japan Car Plants, Sources
Nissan Plans More Shift Cuts at Japan Car Plants, Sources

Nissan Motor Co plans to cut more shifts at its three assembly plants in Japan due to falling demand, two sources said on Friday, as the...

Tesla Wants to Start Building New U.S. Vehicle Plant
Tesla Wants to Start Building New U.S. Vehicle Plant

Electric vehicle maker Tesla Inc wants to start building a large vehicle assembly plant in the southwestern United States as early as the...

June 18, 2020
KKR Buys Vacation Parks Firm Roompot in $1.1 Billion Deal
KKR Buys Vacation Parks Firm Roompot in $1.1 Billion Deal

U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot from French private equity...

IAG Airline Level Europe Files for Insolvency
IAG Airline Level Europe Files for Insolvency

Austrian short-haul budget carrier Level Europe plans to file for insolvency, it said on Thursday, becoming the latest airline casualty of the...

Tesco to Sell Polish Business to Salling Group A/S
Tesco to Sell Polish Business to Salling Group A/S

Tesco PLC said Thursday that it has agreed to sell its business in Poland to the Danish retailer Salling Group A/S. for net proceeds of around 165...

Google's $2.1 Billion Fitbit Deal Could Harm Competition
Google's $2.1 Billion Fitbit Deal Could Harm Competition

Australia’s antitrust regulator warned Google’s planned $2.1 billion acquisition of fitness tracker maker Fitbit may give it too...

June 17, 2020
Lufthansa: Lmplementation of Bailout Deal Not Guaranteed
Lufthansa: Lmplementation of Bailout Deal Not Guaranteed

German flagship carrier Lufthansa said on Tuesday that the implementation of its bailout deal had not been secured and it might need to apply for...


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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