Business news


Berkshire Hathaway Sells $44.9 mln of Shares in China's BYD

Berkshire Hathaway Sells $44.9 mln of Shares in China's BYD

Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.55 million Hong Kong-listed shares of electric vehicle maker BYD for HK$351.81 million ($44.85 million), a stock exchange filing showed. The sale lowered Berkshire's holdings in BYD's issued H-shares ...


February 2, 2023
Shell 2022 Profit more than Doubles to Record $40 bln
Shell 2022 Profit more than Doubles to Record $40 bln

Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy...

Deutsche Bank Slips as Focus Shifts from Revamp to Tough Outlook
Deutsche Bank Slips as Focus Shifts from Revamp to Tough Outlook

Deutsche Bank shares fell as much as 5% in early Thursday trading as investors looked beyond forecast-beating quarterly earnings and a third...

Santander Books Record 9.6 bln Euro Profit on Lending Income
Santander Books Record 9.6 bln Euro Profit on Lending Income

A solid rise in revenues and lending income allowed Spain's Santander to post an 18% jump in profit to a record 9.6 billion euros in 2022,...

February 1, 2023
U.S. Justice Department Seeks Tesla Driver-Assist Documents
U.S. Justice Department Seeks Tesla Driver-Assist Documents

Tesla Inc disclosed on Tuesday the U.S. Justice Department has sought documents related to its Full Self-Driving (FSD) and Autopilot...

Vodafone Endures more Pain in Spain and Germany
Vodafone Endures more Pain in Spain and Germany

Vodafone reported a steeper-than expected slowdown in its third quarter, the first under interim boss Margherita Della Valle, after service...

Dollar Bonds of India's Adani Group Resume Fall
Dollar Bonds of India's Adani Group Resume Fall

The dollar bonds issued by entities of India's Adani Group resumed their falling trend on Wednesday after a brief rise in the previous...

Novartis says Operating Profit to Grow again ahead of Sandoz Spin-Off
Novartis says Operating Profit to Grow again ahead of Sandoz Spin-Off

Novartis on Wednesday predicted that core operating income would grow in a "mid single digit" percentage range in 2023 following...

GSK Beats Expectations, Shingles Vaccine Bolsters Outlook
GSK Beats Expectations, Shingles Vaccine Bolsters Outlook

GSK on Wednesday beat fourth-quarter profit and sales forecasts helped by sales of its blockbuster shingles vaccine Shingrix and unveiled an upbeat...

Mexico's Pemex Places $2 bln Bond to Refinance Debt
Mexico's Pemex Places $2 bln Bond to Refinance Debt

Cash-strapped Mexican state-owned oil company Petroleos Mexicanos (PEMX.UL) (Pemex) said on Tuesday it had completed a $2 billion bond raising to...

January 31, 2023
GM Shoves Aside Recession Fears with Robust 2023 Forecast
GM Shoves Aside Recession Fears with Robust 2023 Forecast

General Motors Co shares jumped early on Tuesday after it reported higher net income for the fourth quarter, forecast stronger-than-expected...

Dutch Telecom KPN Seeks Energy Savings as it Locks in 2023 Goals
Dutch Telecom KPN Seeks Energy Savings as it Locks in 2023 Goals

KPN will keep a close eye on energy usage this year partly by modernising its network, its finance chief said, as the Dutch telecoms company...

Adani Secures $2.5B Share Sale amid Short-Seller Storm
Adani Secures $2.5B Share Sale amid Short-Seller Storm

Gautam Adani's crucial $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship firm, despite a $65...

China's EV Giant BYD in Talks to Acquire Insurer Yi'an
China's EV Giant BYD in Talks to Acquire Insurer Yi'an

Chinese electric vehicle (EV) giant BYD said on Tuesday it is working on a potential acquisition of Yi'an P&C Insurance Co, an insurer that...

UniCredit Hikes Payout Goal by 40% after Record Profit
UniCredit Hikes Payout Goal by 40% after Record Profit

UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results, further hiking one of the...

January 30, 2023
Mastercard, Binance Launching Prepaid Card in Brazil
Mastercard, Binance Launching Prepaid Card in Brazil

Mastercard Inc and Binance said on Monday they are lauching a prepaid card in Brazil, Latin America's largest economy, as part of the...

Chinese EV Giant BYD Set for Surge in 2022 Profit as Sales Jump
Chinese EV Giant BYD Set for Surge in 2022 Profit as Sales Jump

China's BYD Co , the world's biggest seller of battery electric vehicles (BEVs) and plug-in hybrids, expects its 2022 net profit to be more...

Italy's Post Office Invests $1.3 bln to Refurbish Branches
Italy's Post Office Invests $1.3 bln to Refurbish Branches

Italy's post office Poste Italiane plans to invest 1.2 billion euros ($1.3 billion) of mostly public money to renovate 7,000 outlets...

Philips to Cut 13% of Jobs in Safety and Profitability Drive
Philips to Cut 13% of Jobs in Safety and Profitability Drive

Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the...

Toyota Defends Title, World's Top-Selling Automaker in 2022
Toyota Defends Title, World's Top-Selling Automaker in 2022

Toyota Motor Corp sold 10.5 million vehicles in 2022, it said on Monday, defending its title as the world's top-selling automaker for a...

January 27, 2023
Costcutter Owner Bestway Buys Sainsbury's Stake
Costcutter Owner Bestway Buys Sainsbury's Stake

Retail group Bestway, the owner of Costcutter, has built a 3.45% stake in Sainsbury's, describing the move as an investment and not a step...

Fashion Retailer H&M's Profit Tumbles as Costs Bite
Fashion Retailer H&M's Profit Tumbles as Costs Bite

Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and...

LVMH Shares Lose Recent Lustre as China Takes Margin Toll
LVMH Shares Lose Recent Lustre as China Takes Margin Toll

LVMH shares, which hit a record high earlier this month, fell on Friday as some analysts aired disappointment at the company's margins,...

January 26, 2023
Shell Considers Exiting UK, German, Dutch Energy Retail Businesses
Shell Considers Exiting UK, German, Dutch Energy Retail Businesses

Shell is considering exiting its home energy retail businesses in Britain, the Netherlands and Germany in the wake of "tough market...

STMicro Tops Forecasts on Autos and Industrial Demand
STMicro Tops Forecasts on Autos and Industrial Demand

European chipmaker STMicroelectronics beat fourth-quarter sales and earnings expectations on Thursday, as strong demand from automotive and...

Dutch Central Bank Fines Coinbase 3.3 mln Euros
Dutch Central Bank Fines Coinbase 3.3 mln Euros

The Dutch central bank (DNB) has fined U.S. cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million) for failing to obtain the...

Wizz Air sees Strong Summer, but more Wary than Rivals
Wizz Air sees Strong Summer, but more Wary than Rivals

Wizz Air is upbeat on summer demand for travel but more cautious than its competitors, forecasting a return to profit in its 2023-2024...

SAP to Cut 3,000 Jobs, Explore Qualtrics Stake Sale
SAP to Cut 3,000 Jobs, Explore Qualtrics Stake Sale

SAP said on Thursday it planned to cut 3,000 jobs, or 2.5% of its global workforce, and explore the sale of its remaining stake in Qualtrics,...

Nokia says is Gaining Market Share, sees 2023 Growth
Nokia says is Gaining Market Share, sees 2023 Growth

Nokia on Thursday beat quarterly operating profit expectations and forecast higher 2023 sales as the Finnish telecom equipment maker said it...

Musk Bullish on Tesla Sales as Price Cuts Boost Demand
Musk Bullish on Tesla Sales as Price Cuts Boost Demand

Tesla Inc's aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down...

Testing Company SGS Reports 4.1% Drop in Full Year Profit
Testing Company SGS Reports 4.1% Drop in Full Year Profit

Testing and inspection group SGS said it was aiming for organic growth in the mid-single digit percentage range this year after on Thursday...

Levi Strauss Gives Upbeat Sales Outlook as Demand Holds Up
Levi Strauss Gives Upbeat Sales Outlook as Demand Holds Up

Levi Strauss & Co forecast annual sales above Wall Street estimates on Wednesday, banking on a stronger back-half of the year even as...

January 25, 2023
ASML Beats Earnings Forecasts, sees 2023 Growth amid China Worries
ASML Beats Earnings Forecasts, sees 2023 Growth amid China Worries

ASML Holding NV, Europe's largest technology company, beat fourth-quarter earnings forecasts on Wednesday and forecast a rise more than 25% in...

Europe Inc Earnings Offer Market Optimists more Hope
Europe Inc Earnings Offer Market Optimists more Hope

Earnings from major European companies on Wednesday offered some reasons for optimism about the region's corporate health, even as investors...

Deutsche Bank Tops Brazilian Retailer Americanas' Creditor List
Deutsche Bank Tops Brazilian Retailer Americanas' Creditor List

Brazilian retailer Americanas SA reported 7,720 creditors and debt totaling nearly $8 billion within its restructuring process, a Rio de...

Merck Scraps Keytruda Trial for Prostate Cancer after Dismal Interim Data
Merck Scraps Keytruda Trial for Prostate Cancer after Dismal Interim Data

Merck & Co Inc said on Wednesday it was discontinuing a late-stage trial of its blockbuster immunotherapy Keytruda in some prostate cancer...

Lonza to Buy Back $2.17B Worth of Shares, Backs Mid-Term Growth
Lonza to Buy Back $2.17B Worth of Shares, Backs Mid-Term Growth

Lonza on Wednesday said it will buy back shares worth 2 billion Swiss francs ($2.17 billion), despite an expected drop in annual margins, as...

Microsoft's Cloud Business Keeps Profits Flowing in Tougher Times
Microsoft's Cloud Business Keeps Profits Flowing in Tougher Times

Microsoft Corp posted results on Tuesday that showed some strength in the face of a weak economy, buttressed by a cloud business that hit Wall...

NYSE Glitch Leads to Busted Trades, Prompts Investigation
NYSE Glitch Leads to Busted Trades, Prompts Investigation

A glitch at the New York Stock Exchange prevented the opening auctions for a slew of stocks on Tuesday, prompting widespread trading halts,...

Nidec Shares Slide 7% after Profit Forecast Cut
Nidec Shares Slide 7% after Profit Forecast Cut

Shares in Japan's Nidec Corp slumped as much as 7% on Wednesday morning in Tokyo after the electric motor maker nearly halved its...

January 24, 2023
Verizon Forecasts Profit Below Estimates on Slowdown Worries
Verizon Forecasts Profit Below Estimates on Slowdown Worries

Verizon Communications Inc's annual profit forecast fell short of Wall Street estimates on Tuesday, as it grapples with slowing growth in...

J&J Forecasts Strong 2023 Profit on Pharma Boost
J&J Forecasts Strong 2023 Profit on Pharma Boost

Johnson & Johnson on Tuesday forecast annual profit above Wall Street estimates, as strong demand for its drugs such as cancer treatment...

3M to Cut 2,500 Jobs as Demand Weakens, Profit Drops
3M to Cut 2,500 Jobs as Demand Weakens, Profit Drops

3M Co said on Tuesday it would cut 2,500 manufacturing jobs after reporting a lower profit, as the U.S. industrial conglomerate faces a demand...


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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