Business news



Broadcom’s shares plummet after its agreement to acquire CA

Broadcom’s shares plummet after its agreement to acquire CA

Broadcom, a chip manufacturer, had its market value plunge by around $18.9 bln after making a bid to purchase software firm CA Inc for the same amount yesterday, as investors are trying to put their finger on the causes of the move.


July 12, 2018
UK government approves 21st Century Fox bid for Sky
UK government approves 21st Century Fox bid for Sky

The UK government does not intend to block deal for Rupert Murdoch's 21st Century Fox to buy pan-European broadcaster Sky.

July 11, 2018
Tesla announces building of a plant in Shanghai
Tesla announces building of a plant in Shanghai

Tesla plans to start a car manufacturing facility in Shanghai, said CEO Elon Musk yesterday. As of now its plants are located only in the U.S.

21st Century Fox increases its offer for Sky
21st Century Fox increases its offer for Sky

Rupert Murdoch's 21st Century Fox has upped its bid for UK broadcaster Sky to £24.5bn, overpassing its rival bidder Comcast for now.

July 10, 2018
Takeda to buy Shire after U.S. regulatory approval
Takeda to buy Shire after U.S. regulatory approval

The United States Federal Trade Commission approved Japan-based Takeda Pharmaceutical Co $62 billion deal to buy London-listed rival Shire Plc.

July 9, 2018
Nissan acknowledges it faked car emission tests in home country
Nissan acknowledges it faked car emission tests in home country

Nissan has recognized that it gave fudged data on emission tests for the majority of its factories in Japan.

Samsung to open world’s largest phone factory in India
Samsung to open world’s largest phone factory in India

South Korea's Samsung Electronics on Monday will hold the official opening ceremony of the world’s largest mobile phone manufacturing...

China's Tencent readies to spin off one of its services
China's Tencent readies to spin off one of its services

Tencent said it is set to list its music service on a stock exchange in the U.S. Yesterday’s announcement by the firm said the details of the...

July 5, 2018
Privacy policies of leading internet firms are not aligned with GDPR
Privacy policies of leading internet firms are not aligned with GDPR

Tech companies as Facebook and Google do not ensure compliance of their privacy policies to the GDPR rules, as says BEUC consumer organization.

Volkswagen plans a new carsharing service
Volkswagen plans a new carsharing service

Volkswagen is set to launch electric car sharing service in its home country in 2019 trying to meet the needs of consumers unwilling to purchase...

July 4, 2018
ZTE is granted 1-month permission for activity in the U.S.
ZTE is granted 1-month permission for activity in the U.S.

The U.S. is allowing ZTE to continue its business operations as the country’s administration ponders whether to lift a seven-year ban,...

July 3, 2018
Smartphone maker HTC to cut quarter of its global staff
Smartphone maker HTC to cut quarter of its global staff

The Taiwan-based smartphone maker HTC is planning to cut about a quarter (1,500) of employees in Taiwan, roughly a quarter of its 6,450 global...

Commerzbank to sell its Equity Markets and Commodities unit to SG
Commerzbank to sell its Equity Markets and Commodities unit to SG

German lender Commerzbank AG has reached an agreement an agreement to sell its equity markets and commodities (EMC) business to Societe Generale SA...

July 2, 2018
Tesco is seeking a strategic partnership with Carrefour
Tesco is seeking a strategic partnership with Carrefour

Tesco is discussing a strategic cooperation with Carrefour, France’s retail firm, that would allow them to combine buying power and thus...

June 29, 2018
Deutsche Bank's U.S. division failed Fed's annual stress test
Deutsche Bank's U.S. division failed Fed's annual stress test

Deutsche Bank's U.S. division has failed the second round of the Federal Reserve's annual two-stage stress tests after "widespread and...

June 28, 2018
Apple and Samsung settle seven-year-long patent row
Apple and Samsung settle seven-year-long patent row

Apple and Samsung have agreed a settlement in their 7-year patent infringement dispute over the design of their rival smartphones.

June 27, 2018
Uber recovers its license for operating in London
Uber recovers its license for operating in London

Uber’s appeal of the decision to annul its London license in 2017 by Transport for London resulted in favor of the taxi operator.

June 26, 2018
Price of Jack Daniel’s could go up 10% because of new trade tariffs
Price of Jack Daniel’s could go up 10% because of new trade tariffs

Jack Daniel’s EU price will rise near 10% in view of trade barriers put in place by the bloc, according to the whiskey producer.

June 22, 2018
Airbus might leave UK if Brexit goes without a trade deal
Airbus might leave UK if Brexit goes without a trade deal

Airbus came out with a threatening statement connected to Brexit, saying that leaving the EU with no trade agreement would compel the company to...

June 20, 2018
Ford and Volkswagen discuss new van development
Ford and Volkswagen discuss new van development

Ford and Volkswagen started negotiations on cooperative development of vans lineup. Both of global car manufacturers were considering a strategic...

Disney offers over $70 bln for Fox trying to beat Comcast
Disney offers over $70 bln for Fox trying to beat Comcast

Disney company has lifted the offered amount for 21st Century Fox, which now makes up $71.3 bln, it is proposed in cash and shares, earlier the sum...

June 19, 2018
JPMorgan was levied a multimillion fine on linked to ISDAfix Manipulation
JPMorgan was levied a multimillion fine on linked to ISDAfix Manipulation

JPMorgan Chase was fined $65 mln by the U.S. CFTC as the company agreed for settling charges of trying to manipulate a benchmark interest rate,...

June 18, 2018
Google to invest $550 million in China's big e-commerce player
Google to invest $550 million in China's big e-commerce player

Google decided to invest $550 million in the Chinese online retailer JD.com, the second largest player in the country after Alibaba, which owns...

June 15, 2018
AT&T completes its takeover of Time Warner
AT&T completes its takeover of Time Warner

AT&T completed its acquisition of Time Warner, CNBC reported. Although the U.S. Justice Department could appeal the court's decision even...

June 14, 2018
Apple to update iPhone software to stop hackers
Apple to update iPhone software to stop hackers

Apple has promised to change the default settings of its iPhone to prevent unauthorized access to its smartphones.

Rolls-Royce to cut 4,600 jobs over two years
Rolls-Royce to cut 4,600 jobs over two years

The British engineering firm Rolls-Royce has announced it is to cut 4,600 jobs or 8% of the staff as part of a major restructuring of its business....

June 13, 2018
Tesla to slash thousands of jobs to cut costs
Tesla to slash thousands of jobs to cut costs

U.S.-based manufacturer of electric vehicles Tesla Inc. said it will cut about 9 percent of its staff in order to reach profitability. Through the...

June 11, 2018
KPMG accounting firm is fined several millions pounds in the UK
KPMG accounting firm is fined several millions pounds in the UK

UK’s accounting regulator imposed a £3.2 mln or $4.3 mln fine on KPMG today for Quindell company audit shortcomings, following double...

June 8, 2018
China’s ZTE escapes a ban on working with American companies
China’s ZTE escapes a ban on working with American companies

Chinese firm ZTE, standing at the second place among telecommunication equipment producers, managed to get a ban lift on dealing with American...

June 7, 2018
Amazon will stay in the UK after Brexit, prepares to create new jobs
Amazon will stay in the UK after Brexit, prepares to create new jobs

Amazon will make over 2,500 new jobs in Britain in 2018, among which are 650 head office positions, as the web-based retailer expresses its...

June 6, 2018
21st Century Fox and Comcast will contest Sky
21st Century Fox and Comcast will contest Sky

British government has given a go-ahead to a billions-of-pounds wrestling match for Sky between 21st Century Fox and Comcast. Matt Hancock, British...

Tesla shareholders keep Musk power at company
Tesla shareholders keep Musk power at company

Tesla shareholders at an annual meeting on Tuesday voted against the proposal to reorganize the post of chairman of the board of directors and CEO,...

June 4, 2018
Microsoft on course to buy GitHub
Microsoft on course to buy GitHub

Microsoft Corp. on Monday could announce the purchase of GitHub, Bloomberg reported. GitHub has decided selling the company to going public....

Two Europe’s largest banks eye merger
Two Europe’s largest banks eye merger

Italian UniCredit is considering a merger with the French Societe Generale, the Financial Times reported. The management of the Italian bank has...

June 1, 2018
Charges of criminal cartel are brought against three large banks in Australia
Charges of criminal cartel are brought against three large banks in Australia

Australia’s responsible authority said that ANZ, Deutsche Bank and Citigroup are charged with criminal cartel. The issue is linked to ANZ...

May 29, 2018
Two Chinese firms are among top-10 most valuable brands
Two Chinese firms are among top-10 most valuable brands

China’s two companies have entered the top-10 list of the most valuable brands in the world, which is the first such case. 

May 28, 2018
Qualcomm is about to get approval of China for merger with NXP
Qualcomm is about to get approval of China for merger with NXP

It is said that China is about to grant permission to Qualcomm for acquiring NXP, a semiconductor company from the Netherlands. 

Coca-Cola launches its first alcoholic drink ever
Coca-Cola launches its first alcoholic drink ever

Coca-Cola for the first time ever has launched a drink containing alcohol, Japan Times reported. Lemon-Do is a strongly carbonated flavored drink...

Softbank refuses to buy stake in Swiss Re
Softbank refuses to buy stake in Swiss Re

The Japanese technology conglomerate Softbank has ended negotiations on the purchase of a minority stake in Zurich-based Swiss Re. The parties do...

May 25, 2018
U.S. jury orders Samsung to pay $539m to Apple
U.S. jury orders Samsung to pay $539m to Apple

A U.S. court has ordered Samsung to pay $539 million to Apple Inc for copying patented smartphone features, Bloomberg reported. 

May 24, 2018
Deutsche Bank prepares to shed several thousand jobs
Deutsche Bank prepares to shed several thousand jobs

Deutsche Bank has shocked the City by saying that several thousand of its workers globally are going to be let go. Germany’s leading bank is...

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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