Business news


Insurer Phoenix buys UK’s Unit of Swiss Re for $4.1 billion

Insurer Phoenix buys UK’s Unit of Swiss Re for $4.1 billion

Phoenix Group Holdings announced its plan to buy the British insurance unit of Swiss Re in a cash-and-shares deal, which was estimated at 3.2 billion pounds or in dollar equivalent $4.1 billion. 


December 6, 2019
Italy's Atlantia Keen on Relaunch of Alitalia
Italy's Atlantia Keen on Relaunch of Alitalia

Italy's Atlantia is still keen on supporting the relaunch, and not the salvage, of debilitated transporter Alitalia, the head of the...

December 4, 2019
Google co-founders Step Away, Making Pichai Alphabet’s CEO
Google co-founders Step Away, Making Pichai Alphabet’s CEO

The Google’s founding fathers Larry Page and Sergey Brin decided to leave senior positions in Google's parent company Alphabet.

Saudi Auto Services Borrows $50 mln to Fund in Aramco IPO
Saudi Auto Services Borrows $50 mln to Fund in Aramco IPO

Saudi Automotive Services Co stated on Wednesday it is incurring a debt 190 million riyals ($50.67 million) to invest resources into the IPO of...

December 2, 2019
Israel's TowerJazz to Keep up 51% Share in Panasonic Chip JV
Israel's TowerJazz to Keep up 51% Share in Panasonic Chip JV

Israeli chipmaker TowerJazz stated on Monday it won't sell its 51% share and board control in its JV with Panasonic Corp in Japan.

November 29, 2019
France's PSA to Sell Share in Chinese Tie-up as Sales Drop
France's PSA to Sell Share in Chinese Tie-up as Sales Drop

Peugeot creator PSA Group said it is getting ready to sell it's half stake in an eight-year-old joint endeavor with Chinese accomplice...

Russia's Gazprom Posts 45% Drop in Q3 Net Profit
Russia's Gazprom Posts 45% Drop in Q3 Net Profit

On Friday Russian state gas maker Gazprom posted a Q3 net benefit of 212 billion roubles ($3.32 billion), down 45 percent from a similar period a...

BMW, Great Wall to Create China Factory for Electric Cars
BMW, Great Wall to Create China Factory for Electric Cars

BMW and its peer Great Wall Motor said they intend to manufacture a plant in China with a limit of 160,000 vehicles for each year, and which will...

November 28, 2019
Cannabis Shares Jump due to Holiday Shopping Boost Forecast
Cannabis Shares Jump due to Holiday Shopping Boost Forecast

Aurora Cannabis announced its plan to open a store in the largest mall in North America, whereas its rival Canopy Growth began producing THC and...

Nissan to Launch High-tech Works Amid Strain to Trim Costs
Nissan to Launch High-tech Works Amid Strain to Trim Costs

Nissan Motor Co. is presenting another, higher-tech creation framework globally in an attempt to stimulate effectiveness as it hopes to switch a...

Drugmakers Cut Rates in China to Jump on Repayment List
Drugmakers Cut Rates in China to Jump on Repayment List

Drugmakers including Roche and Novartis' have consented to slash the rates of a portion of their most up to date drugs by an average of 61...

Panasonic to Sell its Chip Unit to Nuvoton for $250 Million
Panasonic to Sell its Chip Unit to Nuvoton for $250 Million

Panasonic Corp said it would sell its unprofitable semiconductor unit to Taiwan's Nuvoton Technology Corp for $250 million as the Japanese...

November 27, 2019
Silver Lake Invests $500 Million in Manchester City
Silver Lake Invests $500 Million in Manchester City

U.S. private equity company Silver Lake has consented to put $500 million in the proprietors of English soccer champions Manchester City, esteeming...

IKEA to Invest 200 Million Euros in Attempt to Turn 'Green'
IKEA to Invest 200 Million Euros in Attempt to Turn 'Green'

IKEA, the world's greatest furniture gathering, said on Wednesday it would spend around 100 million euros ($110 million) on supporting its...

Musk Proposes Tesla Has 250,000 Requests for Cybertruck
Musk Proposes Tesla Has 250,000 Requests for Cybertruck

Tesla Inc has gotten 250,000 requests for its electric pickup truck revealed five days prior, CEO Elon Musk proposed in a tweet on Tuesday.

November 26, 2019
Fiat Chrysler, PSA Will Sign Merger Deal Soon
Fiat Chrysler, PSA Will Sign Merger Deal Soon

Fiat Chrysler and Peugeot-proprietor PSA told their workers they would consent to a binding merger arrangement in the coming weeks.

First Indonesia Car Factory Gets $1.55 Billion From Hyundai
First Indonesia Car Factory Gets $1.55 Billion From Hyundai

South Korea's Hyundai Motor stated on Tuesday it has marked a fundamental arrangement to assemble another production line in Indonesia, which...

Alibaba's HK Stocks Made a Strong Debut
Alibaba's HK Stocks Made a Strong Debut

Alibaba Group's HK stocks marked the maiden day of trade on Tuesday, exchanging 6.9 percent higher than their issue rate and at a little...

November 25, 2019
SoftBank's Paytm Raises $1 Billion in Crisp Subsidizing
SoftBank's Paytm Raises $1 Billion in Crisp Subsidizing

Indian computerized payments organization Paytm said on Monday it has raised new funds from a group of investors including existing patrons...

LVMH to Purchase U.S. Tiffany for $16.2 Billion
LVMH to Purchase U.S. Tiffany for $16.2 Billion

Louis Vuitton proprietor LVMH has consented to purchase U.S. jeweler Tiffany for $16.2 billion in the luxury merchandise maker's greatest...

November 22, 2019
Elon Musk Unveils its Armoured Cybertruck, Starting at $39,900
Elon Musk Unveils its Armoured Cybertruck, Starting at $39,900

Elon Musk showed the Tesla Cybertruck armoured pickup truck. It looks like a futuristic tank and the list prices for these models begins with $39,900.

Ford's China JV With Changan to Turn Positive Next Year
Ford's China JV With Changan to Turn Positive Next Year

Automobile deals at Ford Motor Co's China investment with Chongqing-based carmaker Changan are probably going to turn optimistic one year from...

November 21, 2019
SoftBank Pumps Out Japan's Key Banks on $2.8 Billion Lend
SoftBank Pumps Out Japan's Key Banks on $2.8 Billion Lend

SoftBank Group Corp is sounding out Japan's main three banks to acquire around 300 billion yen ($2.8 billion) to help subsidize its help of...

Google Announces New Approach to Election Ads Targeting
Google Announces New Approach to Election Ads Targeting

Google is tightening the rules for placing such advertisements for voters’ confidence building. The company will limit the possibility of...

BMW Orders Over 10 Billion Euros of Battery Cells
BMW Orders Over 10 Billion Euros of Battery Cells

On Thursday German carmaker BMW said it had requested over 10 billion euros' ($11.07 billion) worth of battery cells from Chinese battery cell...

November 20, 2019
Aston Martin Presents First SUV, Reliant on a Turnaround
Aston Martin Presents First SUV, Reliant on a Turnaround

Aston Martin, which has seen its stocks rates dive this year as deals neglected to meet desires after a stock exchange buoyancy, propelled its...

November 18, 2019
Japan Companies Merger: Yahoo and Line Agree to Team Up
Japan Companies Merger: Yahoo and Line Agree to Team Up

The owners of the Internet portal Yahoo Japan and the popular chat app Line reached a merger agreement, that is presupposing a Line Corp’s...

Boeing, Airbus Anxious Over Huge Dubai Jet Deals
Boeing, Airbus Anxious Over Huge Dubai Jet Deals

Airbus and Boeing battled to spare billions of dollars of jet arrangements on Sunday as host carrier Emirates kept the Dubai Airshow in...

November 15, 2019
Apple May Lift Yearly Ad Profit to $11 Billion by 2025
Apple May Lift Yearly Ad Profit to $11 Billion by 2025

Release of Apple TV+, combined with Apple Inc's invasion into computerized services, could enable the organization to expand its profit from ad...

November 14, 2019
Alibaba Goes Paperless for $13.4 Billion Listing in HK
Alibaba Goes Paperless for $13.4 Billion Listing in HK

Alibaba Group will complete Hong Kong's first paper-less stock exchange listing with its $13.4 billion offer deal, as per a source with...

Mercedes-Benz to Cut 1 Billion Euros in Expenses by 2022
Mercedes-Benz to Cut 1 Billion Euros in Expenses by 2022

Daimler stocks dropped forcefully on Thursday after the German carmaker said harder emissions regulations will punch income in 2020 and 2021...

November 13, 2019
Alibaba Ready to Launch $13.4 Billion HK Share Deal
Alibaba Ready to Launch $13.4 Billion HK Share Deal

Chinese web-based business giant Alibaba Group is ready to dispatch a Hong Kong share deal expected to rise to $13.4 billion as soon as Thursday,...

November 12, 2019
Nissan Shows 70% Quarterly Benefit Slump
Nissan Shows 70% Quarterly Benefit Slump

Nissan Motor Co Ltd announced a 70 percent benefit slump on Tuesday and slice its full-year standpoint to an 11-year low, as the Japanese automaker...

L'Oreal, Nestle Hit a Jackpot at Alibaba's Singles' Day
L'Oreal, Nestle Hit a Jackpot at Alibaba's Singles' Day

Chinese customers gobbled up food supplements, facial masks and baby milk formula at the world's biggest shopping celebration, with brands, for...

November 11, 2019
Alibaba Singles' Day Deals Bounce 25% to $23 Billion
Alibaba Singles' Day Deals Bounce 25% to $23 Billion

Chinese retailer Alibaba on Monday said deals for its yearly Singles' Day shopping rush hopped 25 percent in the initial nine hours to $23...

November 8, 2019
European Traders Want Shorter Working Hours
European Traders Want Shorter Working Hours

European trading associations called on stock exchanges to diminish the daily working time, believing that this can increase business efficiency,...

November 1, 2019
Nissan Presents New Chief Financial Officer
Nissan Presents New Chief Financial Officer

On Friday Nissan Motor Co named American Stephen Ma as its next CFO and said Hitoshi Kawaguchi and other veteran officials were resigning, a...

October 31, 2019
Samsung Warns About Smartphone Profit Drop
Samsung Warns About Smartphone Profit Drop

Samsung Electronics warned on Thursday of a lower mobile business profit, weakening hopes for the largest smartphone maker to return to growth on...

October 30, 2019
Fiat Chrysler and PSA Affirm Potential Alliance
Fiat Chrysler and PSA Affirm Potential Alliance

Italian-American Fiat Chrysler and Frances' Peugeot proprietor PSA are in negotiations over a potential tie-up planned for making one of the...

October 28, 2019
LVMH Confirms Rumors of Tiffany & Co Potential Acquisition
LVMH Confirms Rumors of Tiffany & Co Potential Acquisition

On Monday France's LVMH affirmed it had drawn closer U.S. jeweler Tiffany & Co over a potential procurement, in what might be the Louis...

October 25, 2019
Renault's Q3 Income Slips Weighed by Nissan
Renault's Q3 Income Slips Weighed by Nissan

French carmaker Renault's income tumbled in the Q3, overloaded by a drop in production at accomplices Nissan and Daimler as declining interest...

French Insurer AXA Sells AXA Belgian Bank For $689 mln
French Insurer AXA Sells AXA Belgian Bank For $689 mln

French v AXA will sell its Belgian financial business — AXA Belgium — to bank Crelan for 620 million euros ($688.51 million), the...

October 24, 2019
Daimler Q3 Operating Revenue Up 8%, Upheld by Mercedes Sales
Daimler Q3 Operating Revenue Up 8%, Upheld by Mercedes Sales

Daimler revealed a slight ascent in Q3 operating income on Thursday supported by sales of Mercedes-Benz autos, sending its stock higher, yet...


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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