Business news


Apple Hikes Japan Price of iPhone by nearly a Fifth

Apple Hikes Japan Price of iPhone by nearly a Fifth

Apple Inc has hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, which is battling a weakening yen currency and rising inflation. The Cupertino, California-based manufacturer's entry level iPhone 13 now costs 117,800 yen ($870), Apple's website showed, compa...


June 30, 2022
Walgreens Profit Beats on UK Pharmacy Sales Boost
Walgreens Profit Beats on UK Pharmacy Sales Boost

Walgreens Boots Alliance Inc reported a quarterly adjusted profit ahead of analysts' estimates on Thursday, as demand for its products in...

Novartis to Cut Up to 8,000 Jobs Globally
Novartis to Cut Up to 8,000 Jobs Globally

Novartis said on Tuesday a previously announced restructuring programme could lead to 8,000 jobs being cut, or about 7.4% of its global...

Gazprom Cancels Dividend for First Time since 1998
Gazprom Cancels Dividend for First Time since 1998

Russian gas giant Gazprom has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending...

June 29, 2022
Hyundai, Kia Raided over Suspected Defeat Devices in Germany
Hyundai, Kia Raided over Suspected Defeat Devices in Germany

German authorities have raided Hyundai and Kia over allegations that they put over 210,000 diesel vehicles with suspected illegal defeat...

H&M Profit Jumps as Shoppers Hit Stores after Pandemic
H&M Profit Jumps as Shoppers Hit Stores after Pandemic

H&M, the world's second-biggest fashion retailer, reported a forecast-beating 33% increase in March-May profit on Wednesday as shoppers...

Toyota Misses May Production Target, 3rd Month of Shortfall
Toyota Misses May Production Target, 3rd Month of Shortfall

TOKYO, June 29 (Reuters) - Toyota Motor Corp's (7203.T) global production for the first five months of 2022 fell 9.7% short of its...

Renesas, Tata Motors Partner to Develop Chip Solutions
Renesas, Tata Motors Partner to Develop Chip Solutions

Japanese chipmaker Renesas Electronics Corp and India's Tata Motors have formed a strategic partnership to design, develop and make...

Sony Accelerates PC Gaming Push with Inzone Gear
Sony Accelerates PC Gaming Push with Inzone Gear

Sony Group Corp said on Wednesday it's launching a new line of headphones and monitors targeting the growing PC market for videogames as...

Airbnb Makes Ban on Parties Permanent
Airbnb Makes Ban on Parties Permanent

Airbnb Inc said on Tuesday it will make permanent its ban on parties in homes listed on its platform after seeing a sharp drop in reports of...

June 28, 2022
Heineken to Expand Mexico Operations with $90 mln Plant
Heineken to Expand Mexico Operations with $90 mln Plant

Heineken will build a 1.8 billion peso, or $90 million, can manufacturing plant in the northern Mexican state of Chihuahua near its brewery in...

Four Big U.S. Banks Raise Dividends after Stress Tests
Four Big U.S. Banks Raise Dividends after Stress Tests

Morgan Stanley, Goldman Sachs, Bank of America and Wells Fargo hiked their dividends on Monday after the U.S. banks cleared their annual...

June 27, 2022
China Evergrande Faces Winding-Up Lawsuit in Hong Kong
China Evergrande Faces Winding-Up Lawsuit in Hong Kong

A winding-up petition has been filed against embattled property developer China Evergrande Group at the Hong Kong high court, the...

June 24, 2022
Ryanair Cabin Staff Strike Cancels Dozens of Flights in Europe
Ryanair Cabin Staff Strike Cancels Dozens of Flights in Europe

Surging inflation causing labour unrest across Europe Some Ryanair cabin crew demanding better conditions Budget airline says does not expect...

Barclays Strikes Deal to Buy Mortgage Lender Kensington
Barclays Strikes Deal to Buy Mortgage Lender Kensington

Barclays has struck a deal worth around 2.3 billion pounds ($2.8 billion) to buy specialist lender Kensington Mortgage Company, extending its...

June 23, 2022
India Orders Investigation into Tata Motors EV Fire Incident
India Orders Investigation into Tata Motors EV Fire Incident

India has ordered an investigation into a fire incident involving a Tata Motors electric vehicle, a government official said on Thursday,...

London's Heathrow Raises Passenger Traffic, Cost Forecasts
London's Heathrow Raises Passenger Traffic, Cost Forecasts

London's Heathrow said on Thursday demand for travel has been stronger than expected, prompting Britain's busiest airport to raise its...

June 22, 2022
Harley Names Former PWC exec Maraj, EV Unit's Finance Chief
Harley Names Former PWC exec Maraj, EV Unit's Finance Chief

Harley-Davidson Inc on Wednesday named former PricewaterhouseCoopers LLP (PWC) executive Tralisa Maraj as chief financial officer of its...

Toyota Cuts July Global Production Plan by 50,000 Vehicles
Toyota Cuts July Global Production Plan by 50,000 Vehicles

Toyota Motor Corp on Wednesday cut its July global production plan by 50,000 vehicles as semiconductor shortages and COVID-19 parts supply...

Volkswagen CEO says Optimistic about Meeting China Target
Volkswagen CEO says Optimistic about Meeting China Target

Germany's Volkswagen is optimistic that the carmaker can meet its 2022 targets in China despite COVID-19 lockdowns, its chief executive...

Tesla Sued by Former Employees over 'Mass Layoff'
Tesla Sued by Former Employees over 'Mass Layoff'

Former Tesla Inc employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a "mass...

Blockchain Payment Company Roxe to Go Public via SPAC Deal
Blockchain Payment Company Roxe to Go Public via SPAC Deal

Blank check company Goldenstone Acquisition Ltd said late on Tuesday that it has entered into a deal with blockchain-based payments company...

Tencent Forms 'Extended Reality' Unit as Metaverse Race Gathers Steam
Tencent Forms 'Extended Reality' Unit as Metaverse Race Gathers Steam

HONG KONG, June 20 (Reuters) - China's Tencent Holdings (0700.HK) announced to its staff on Monday the official formation of an...

June 21, 2022
China Evergrande Sticks to Restructuring Plan Target of Before End-July
China Evergrande Sticks to Restructuring Plan Target of Before End-July

China Evergrande Group said it expects to announce its preliminary restructuring plan before the end of July, sticking to its original...

JetBlue Sweetens Offer for Spirit to Fend off Frontier Bid
JetBlue Sweetens Offer for Spirit to Fend off Frontier Bid

JetBlue Airways said Monday it had sweetened its takeover offer for Spirit Airlines to $33.50 per share in a bid to convince the...

June 20, 2022
Britain's M&S Names Alex Freudmann as new Food Boss
Britain's M&S Names Alex Freudmann as new Food Boss

British retailer Marks & Spencer on Monday named Alex Freudmann as its new food boss, succeeding Stuart Machin, who was promoted to group...

Tesla Cars Barred for 2 Months in Beidaihe, Site of China Leadership Meet
Tesla Cars Barred for 2 Months in Beidaihe, Site of China Leadership Meet

Tesla cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership...

Pfizer to Buy 8.1% Stake in French Vaccines Company Valneva
Pfizer to Buy 8.1% Stake in French Vaccines Company Valneva

U.S. healthcare giant Pfizer has agreed to invest 90.5 million euros ($95.24 million) to buy an 8.1% percent stake in French vaccines company,...

June 17, 2022
IPO Candidate Syngenta Unveils Management Overhaul
IPO Candidate Syngenta Unveils Management Overhaul

ZURICH, June 17 (Reuters) - Seeds and pesticides maker Syngenta, the Swiss agrochemicals company planning a $10 billion initial public offering...

June 16, 2022
Telecom Italia Hopes to Surprise with Positive H1 Results
Telecom Italia Hopes to Surprise with Positive H1 Results

The recently appointed chief executive of Telecom Italia said on Wednesday he hoped the former phone monopoly could surprise markets with...

Unilever Switches some Ingredients to Adapt to Commodities Shortages
Unilever Switches some Ingredients to Adapt to Commodities Shortages

As commodities - from crude oil to sunflower oil - remain in short supply, Britain's Unilever has changed the ingredient makeup for some...

June 15, 2022
Lego to Invest over $1 Billion in U.S. Brick Plant
Lego to Invest over $1 Billion in U.S. Brick Plant

Toymaker Lego on Wednesday said it will invest more than $1 billion in a factory in the United States to shorten supply chains and keep up with...

Clariant Posts Q1 Beat, sees Q2 Sales Dipping vs Jan-March
Clariant Posts Q1 Beat, sees Q2 Sales Dipping vs Jan-March

Clariant's first-quarter sales from continuing operations rose 30% in local currencies and 26% in Swiss francs to 1.26 billion Swiss...

June 14, 2022
Air France-KLM Raises $2.4 bln from Latest Rights Issue
Air France-KLM Raises $2.4 bln from Latest Rights Issue

French-Dutch airline Air France-KLM said on Tuesday it raised around 2.26 billion euros ($2.36 billion) through its latest capital increase, with...

BMW to Test ONE's Advanced Battery in its iX Electric SUV
BMW to Test ONE's Advanced Battery in its iX Electric SUV

BMW will install and test a long-range battery developed by Michigan-based startup Our Next Energy (ONE) in the German automaker's iX...

June 13, 2022
Vigna to Set out Ferrari's Route into Electric Vehicle Era
Vigna to Set out Ferrari's Route into Electric Vehicle Era

Nine months after taking the top job, Ferrari CEO Benedetto Vigna will be expected this week to explain how the carmaker will preserve its...

June 10, 2022
BPER's new Plan Overshadowed by Italy's Debt Risk
BPER's new Plan Overshadowed by Italy's Debt Risk

 Italy's fourth-largest bank BPER Banca on Friday pledged to double profits and return at least 1 billion euros ($1 billion) to...

June 9, 2022
ADB Approves Up to $4.3B Loan for Philppine Railway Project
ADB Approves Up to $4.3B Loan for Philppine Railway Project

The Asian Development Bank (ADB) said on Thursday it has approved a loan of up to $4.3 billion for a railway project in the Philippines, a...

Tesla Goes Ahead with China Hiring event on Musk Job Warning
Tesla Goes Ahead with China Hiring event on Musk Job Warning

Tesla was proceeding with an online hiring event in China on Thursday and added two dozen new job postings for the country, a week after Elon Musk...

Apple to Fund Pay-Later Loans off its Own Balance Sheet
Apple to Fund Pay-Later Loans off its Own Balance Sheet

Apple Inc plans to fund loans for its forthcoming Apple Pay Later service off its corporate balance sheet, the company said on...

June 8, 2022
Zara Owner Inditex Bucks Retail Trend as Sales Boom
Zara Owner Inditex Bucks Retail Trend as Sales Boom

MADRID, June 8 (Reuters) - Fashion giant Zara's owner Inditex (ITX.MC) reported an 80% jump in quarterly profit on the back of...

China's Tencent to Launch Flagship Game 'Honor of Kings'
China's Tencent to Launch Flagship Game 'Honor of Kings'

China's Tencent Holdings said on Wednesday that it will release its flagship mobile game "Honor of Kings" globally by the end of...

June 7, 2022
EU Agrees Single Mobile Charging Port in Blow to Apple
EU Agrees Single Mobile Charging Port in Blow to Apple

Apple must change the connector on iPhones sold in Europe by 2024 after EU countries and lawmakers agreed on Tuesday to a single charging port...


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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