Business news


Ericsson to Buy Firm Cradlepoint in $1.1 Billion Deal

Ericsson to Buy Firm Cradlepoint in $1.1 Billion Deal

Ericsson has agreed to buy U.S.-based wireless networking company Cradlepoint in a $1.1 billion deal, the Swedish telecoms gear maker said on Friday.


September 18, 2020
LSE Picks Euronext's Borsa Italiana Bid for Exclusive Talks
LSE Picks Euronext's Borsa Italiana Bid for Exclusive Talks

London Stock Exchange entered exclusive talks on Friday to sell Borsa Italiana to France's Euronext, seeing off competing bids from Deutsche...

September 17, 2020
Uber Plans to Sell Part of Stake in China's Didi - Bloomberg
Uber Plans to Sell Part of Stake in China's Didi - Bloomberg

Uber Technologies Inc is planning to sell part of its $6.3 billion stake in Chinese ride-hailing firm Didi Chuxing to raise cash, Bloomberg...

The Musk Method: Learn from Partners then Go it Alone
The Musk Method: Learn from Partners then Go it Alone

Elon Musk is hailed as an innovator and disruptor who went from knowing next to nothing about building cars to running the world’s most...

Deloitte Hit With Record 15M Pound Fine for Autonomy Audit
Deloitte Hit With Record 15M Pound Fine for Autonomy Audit

Britain’s accounting regulator said on Thursday it has fined Deloitte a record 15 million pounds ($19.4 million) for its audit of software...

GM Faces Unexpected Bills as India-China Tensions Loom
GM Faces Unexpected Bills as India-China Tensions Loom

Delays to General Motors sale of its Indian plant to Great Wall Motor due to tensions between India and China are likely to result in...

September 16, 2020
German Startup Sennder Acquires Uber's Freight Business
German Startup Sennder Acquires Uber's Freight Business

German freight startup sennder said on Wednesday it had acquired Uber's European freight business in an all-stock deal that will see the...

Amazon UK Unit Pays $8M Corporation Tax as Sales Hit $17.5B
Amazon UK Unit Pays $8M Corporation Tax as Sales Hit $17.5B

Amazon.com Inc’s main UK subsidiary, Amazon UK Services Ltd., paid just 6.3 million pounds ($8 million) in corporation tax in 2019 despite...

September 15, 2020
Walmart's Flipkart to Hire 70К in India Ahead of Long Sale
Walmart's Flipkart to Hire 70К in India Ahead of Long Sale

Walmart Inc's Flipkart said on Tuesday it would create 70,000 new jobs and employ many more as delivery partners and in other roles as it...

H&M Reports Preliminary June-August Profit of Around 2B SEK
H&M Reports Preliminary June-August Profit of Around 2B SEK

Sweden's H&M, the world's second-biggest fashion retailer, on Tuesday reported a preliminary third quarter profit before tax of around...

Klarna Raises $650M from Silver Lake-led Investor Group
Klarna Raises $650M from Silver Lake-led Investor Group

Payment provider Klarna Bank AB said on Tuesday it has raised $650 million at a valuation of $10.65 billion from investors led by Silver Lake, as...

September 14, 2020
Nvidia Jumps on $40 Billion Chip Deal
Nvidia Jumps on $40 Billion Chip Deal

Shares of Nvidia Corp rose 6% on Monday after it announced a $40 billion deal to buy UK-based chip designer Arm from Japan's SoftBank...

Gilead to Buy Cancer Drugmaker Immunomedics for $21 Billion
Gilead to Buy Cancer Drugmaker Immunomedics for $21 Billion

Gilead Sciences Inc will acquire biotech company Immunomedics Inc for $21 billion, a move that will strengthen its cancer portfolio by gaining...

Clock is Ticking on TikTok and at Least One Deal is Dead
Clock is Ticking on TikTok and at Least One Deal is Dead

The clock is ticking on TikTok after potential avenues to avoid President Donald Trump’s promised ban on the Chinese app appeared to dry up...

September 11, 2020
Microsoft Takes Aim at Sony With Cloud Gaming Service
Microsoft Takes Aim at Sony With Cloud Gaming Service

Microsoft will on Tuesday launch its Xbox cloud gaming service priced at $1 for new users' first month, in a major drive to attract casual...

Elliott's Cohn Steps off eBay Board, Two Newcomers Join
Elliott's Cohn Steps off eBay Board, Two Newcomers Join

Elliott Management is giving up its board seat at eBay Inc, the company said on Thursday, less than two years after laying out a blueprint for...

September 10, 2020
Sweden's EQT to Buy Idealista for $1.5 bln in Hot Market
Sweden's EQT to Buy Idealista for $1.5 bln in Hot Market

Swedish global investment firm EQT said on Thursday it had agreed to buy Southern European online real estate ads platform Idealista for 1.3...

BP to Spend $1.1 billion to Enter Offshore Wind With Equinor
BP to Spend $1.1 billion to Enter Offshore Wind With Equinor

BP entered the offshore wind market on Thursday with a $1.1 billion deal to buy 50% stakes in two U.S. developments from Norway’s...

September 3, 2020
S.Africa's Comair Needs $72 mln and to Cut 400 Jobs
S.Africa's Comair Needs $72 mln and to Cut 400 Jobs

South Africa’s Comair Ltd will require up to 1.2 billion rand ($72 million) of funding and will have to cut a fifth of its workforce to...

September 2, 2020
Amazon's New Offerings Make India Centre of Fintech Push
Amazon's New Offerings Make India Centre of Fintech Push

Amazon.com Inc has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more...

September 1, 2020
Qantas Sells $370 mln of Bonds to Boost Liquidity, Refinance
Qantas Sells $370 mln of Bonds to Boost Liquidity, Refinance

Qantas Airways Ltd said on Tuesday it had issued A$500 million ($369.90 million) of unsecured bonds with a coupon of 5.25% to help strengthen...

August 31, 2020
Israel's Delek in Ithaca Merger Talks as Hit by Loss
Israel's Delek in Ithaca Merger Talks as Hit by Loss

Israel’s Delek Group said on Monday it is in talks with third parties about a possible merger of its North Sea energy operations, as it...

August 28, 2020
Norwegian Air's Loss Balloons, Warns of Further Cash Needs
Norwegian Air's Loss Balloons, Warns of Further Cash Needs

Norwegian Air NORR.OL still needs more cash in order to weather the COVID-19 pandemic, the budget carrier said on Friday, as it reported a deep...

August 27, 2020
Syngenta Posts Higher First-Half Profit, Says IPO 'on Track'
Syngenta Posts Higher First-Half Profit, Says IPO 'on Track'

Agricultural chemical maker Syngenta posted higher first-half profit and sales on Thursday, helped by maintaining supplies to farmers and...

Afterpay Adds Asia to Expansion Plans, Online Trades Surges
Afterpay Adds Asia to Expansion Plans, Online Trades Surges

Afterpay laid out plans on Thursday to expand its buy-now, pay-later service to at least four continents, capitalising on the sector’s...

August 26, 2020
Perfect Diary Impresses With Live Streams, Low Prices
Perfect Diary Impresses With Live Streams, Low Prices

With chat groups, video streams and low prices for foundation, China’s Perfect Diary has emerged from nowhere four years ago to become a...

August 25, 2020
Finnair to Cut up to 1,000 Jobs, Seeks Further Savings
Finnair to Cut up to 1,000 Jobs, Seeks Further Savings

Finnish national carrier Finnair plans to cut up to 1,000 jobs, or about 15% of its workforce, and seek further savings across its operations,...

August 24, 2020
Hong Kong Buyers Rush for UK Properties After Security Law
Hong Kong Buyers Rush for UK Properties After Security Law

Hong Konger Winnie Tong aims to move to Britain with her family in two years, but is stalling on plans to buy a house there after prices jumped...

August 18, 2020
Work-From-Home Boom is Bust for Big Office Furniture Makers
Work-From-Home Boom is Bust for Big Office Furniture Makers

America’s biggest office furniture manufacturers got the rug pulled out from under them by the COVID-19 pandemic. 

Home Depot Beats Quarterly Same-Store Sales Estimates
Home Depot Beats Quarterly Same-Store Sales Estimates

 Home Depot Inc beat quarterly same-store sales estimates on Tuesday, as consumers bought more paint, tools and other home improvement...

August 14, 2020
Shell Unit Shuts Philippine Refinery as Slashes Margins
Shell Unit Shuts Philippine Refinery as Slashes Margins

The Philippine unit of Royal Dutch Shell said on Thursday it will permanently shut one of the country’s two oil refineries, blaming a...

August 12, 2020
Moderna Shares Rise 11% on Contract for COVID-19 Vaccine
Moderna Shares Rise 11% on Contract for COVID-19 Vaccine

Shares of Moderna Inc rose 11% on Wednesday after the company signed a $1.5 billion deal with the U.S. government for the supply of its...

ABN Amro Exits Trade in Corporate Bank Shake-Up
ABN Amro Exits Trade in Corporate Bank Shake-Up

ABN Amro is to end all trade and commodity financing after a string of losses, in a massive overhaul of its activities that will see the Dutch...

Pexip Revenue Doubles as Pandemic Boosts Video Conferencing
Pexip Revenue Doubles as Pandemic Boosts Video Conferencing

Norwegian video conferencing firm Pexip Holding ASA said on Wednesday its revenue nearly doubled in the second quarter and adjusted earnings surged...

Cathay Sees no Quick Rebound in Passenger Demand
Cathay Sees no Quick Rebound in Passenger Demand

Hong Kong’s Cathay Pacific Airways Ltd warned it did not expect a meaningful recovery in passenger demand for some time due to the...

August 11, 2020
Vivendi, Amber Capital in Deal to Seek Lagardere board seats
Vivendi, Amber Capital in Deal to Seek Lagardere board seats

Media conglomerate Vivendi and investment firm Amber Capital, the two largest shareholders in French media group Lagardere, have formed a...

Occidental Posts $8B Loss, Outlines Oil Production Cuts
Occidental Posts $8B Loss, Outlines Oil Production Cuts

Occidental Petroleum Corp on Monday posted a $8.35 billion second-quarter loss on lower energy prices and write-downs as the U.S. oil producer has...

August 10, 2020
EssiLux Case Puts $8.5 Billion GrandVision Takeover in Doubt
EssiLux Case Puts $8.5 Billion GrandVision Takeover in Doubt

EssilorLuxottica said on Monday that GrandVision’s actions during the coronavirus crisis could provide grounds for ending its 7.2 billion...

Virus Cuts Bosnian Tourism by 70.6% in First Half of 2020
Virus Cuts Bosnian Tourism by 70.6% in First Half of 2020

Bosnia’s tourism sector shrank by 70.6% year-on-year in the first six months of 2020 due to the coronavirus crisis, data from its state...

Hyundai Motor Shares Rise as Much as 10% on Ioniq EV Plan
Hyundai Motor Shares Rise as Much as 10% on Ioniq EV Plan

Hyundai Motor Co stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a...

August 6, 2020
'Fortnite' Developer Epic Games Raises $1.78 Billion
'Fortnite' Developer Epic Games Raises $1.78 Billion

Epic Games, the creator of the popular video game “Fortnite” said on Thursday it has raised $1.78 billion in its latest funding round,...

Glencore Scraps $2.6 Billion Dividend After First-Half Loss
Glencore Scraps $2.6 Billion Dividend After First-Half Loss

Glencore became the first major mining company to scrap its dividend, saying on Thursday the economic outlook was too uncertain because of the...

Uber Pulls Latin American U-turn by Joining Taxi Ranks
Uber Pulls Latin American U-turn by Joining Taxi Ranks

Latin America’s coronavirus crisis is forcing Uber to adopt the taxi model it was meant to drive off the streets of cities from Santiago to...


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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