Business news


Novartis Lifts Guidance after Q1 Results Beat Expectations

Novartis Lifts Guidance after Q1 Results Beat Expectations

Swiss drugmaker Novartis on Tuesday raised its full-year guidance after reporting better-than-expected first-quarter results. In a statement, it said 2024 net sales would likely grow by a high-single to low double-digit percentage with adjusted operating income expected to grow by a low...


April 23, 2024
Tesla aims to Cut 400 Jobs in Germany via Voluntary Programme
Tesla aims to Cut 400 Jobs in Germany via Voluntary Programme

Tesla on Tuesday said it was targeting 400 job cuts at its German gigafactory near Berlin, adding the plan was to achieve this through a...

Volkswagen Holds Keys to Porsche's Race against Ferrari
Volkswagen Holds Keys to Porsche's Race against Ferrari

Porsche AG's ability to close a hefty valuation discount to top rival Ferrari could hinge on whether its main owner, Volkswagen, is prepared to...

Halliburton Beats Quarterly Profit Estimates on Growing International Strength
Halliburton Beats Quarterly Profit Estimates on Growing International Strength

Halliburton beat first-quarter profit estimates on Tuesday as higher drilling demand from international markets helped the oilfield services...

Primark Owner AB Foods Lifts Profit Outlook, Sending Shares Up 10%
Primark Owner AB Foods Lifts Profit Outlook, Sending Shares Up 10%

Associated British Foods forecast "significant growth" in full-year profit after reporting a 39% jump in the first half driven by...

Telecom Italia CEO Set for Second Term to Carry Out Revamp
Telecom Italia CEO Set for Second Term to Carry Out Revamp

Telecom Italia (TIM) shareholders are expected on Tuesday to hand CEO Pietro Labriola another term to press ahead with a revamp centred on a...

Russia's Tinkoff Plans Share Issue to Fund Rosbank Deal
Russia's Tinkoff Plans Share Issue to Fund Rosbank Deal

Russian online bank Tinkoff plans to issue up to 130 million additional shares to help fund a deal to integrate fellow lender Rosbank into its...

Italian Fashion House Valentino Suffers Drop in Profit in 2023
Italian Fashion House Valentino Suffers Drop in Profit in 2023

Operating profit at Italian fashion house Valentino dropped 18% last year, to 99 million euros ($105.7 million), the company said on...

JD Sports to Buy US Rival Hibbett in $1.08B Sportswear Retail Deal
JD Sports to Buy US Rival Hibbett in $1.08B Sportswear Retail Deal

JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on...

Spain's Enagas Q1 Net Profit Rises 20%
Spain's Enagas Q1 Net Profit Rises 20%

Spanish gas grid operator Enagas said on Tuesday that its first-quarter net profit rose roughly 20%, helped by revenue from the liquefied...

Norwegian Bank DNB's Q1 Profit Beats Expectations
Norwegian Bank DNB's Q1 Profit Beats Expectations

DNB, Norway's largest bank, reported a bigger-than-expected first-quarter net profit on Tuesday and said it believed the Norwegian economy was...

April 22, 2024
Grindr Facing UK Lawsuit over Alleged Data Protection Breaches
Grindr Facing UK Lawsuit over Alleged Data Protection Breaches

Gay dating app Grindr is facing a mass data protection lawsuit in London from hundreds of users who allegedly had their private information,...

Blackstone Tops Concord's Bid for Shakira Music Owner Hipgnosis
Blackstone Tops Concord's Bid for Shakira Music Owner Hipgnosis

Blackstone made a potential offer to buy Hipgnosis Songs Fund for about $1.5 billion, outbidding Apollo-backed Concord and triggering a...

UK Supermarket Asda says 2023 Underlying Profit Up 24%
UK Supermarket Asda says 2023 Underlying Profit Up 24%

Asda, Britain's third biggest supermarket group, reported a 24% rise in annual earnings on Monday that reflected a 7.1% rise in total sales and...

India's Wipro Rises as Street Pins Hopes on new CEO after Q4 Results
India's Wipro Rises as Street Pins Hopes on new CEO after Q4 Results

Shares of Wipro rose as much as 2.4% on Monday, after India's No.4 software services exporter posted better-than-expected fourth-quarter...

April 19, 2024
Netflix Slides as Move to End Sharing User Count Sparks Growth Worries
Netflix Slides as Move to End Sharing User Count Sparks Growth Worries

Netflix shares fell on Friday, as its surprise move to stop sharing subscriber additions and average revenue per member from 2025 sowed doubts...

P&G Raises Annual Core Profit Forecast on Price Hikes, Easing Costs
P&G Raises Annual Core Profit Forecast on Price Hikes, Easing Costs

Procter & Gamble raised its annual core profit forecast on Friday, as it benefits from easing commodity costs and higher product prices of...

Fifth Third Bancorp's Quarterly Profit Falls on Lower Interest Income
Fifth Third Bancorp's Quarterly Profit Falls on Lower Interest Income

Fifth Third Bancorp posted a 10% drop in first-quarter profit on Friday as higher deposit costs weighed on the lender's interest...

L'Oreal Shares Shine after Sales Beat Expectations
L'Oreal Shares Shine after Sales Beat Expectations

Shares in L'Oreal rose 5% on Friday after the French cosmetics giant beat expectations with a strong rise in first quarter sales, allaying...

Italy's BPER Picks Former UniCredit Exec Papa as new CEO
Italy's BPER Picks Former UniCredit Exec Papa as new CEO

BPER Banca said its newly elected board would meet later on Friday to appoint a new chief executive, as former UniCredit manager Gianni Franco...

Chinese Carmaker Chery says Spanish Plant to be among Main Export Facilities Worldwide
Chinese Carmaker Chery says Spanish Plant to be among Main Export Facilities Worldwide

Chinese carmaker Chery said on Friday a newly-acquired Barcelona plant will be one of its main exporting facilities worldwide, aiming to produce...

Paramount Jumps on Report of Sony Pictures, Apollo Discussing Joint Buyout Bid
Paramount Jumps on Report of Sony Pictures, Apollo Discussing Joint Buyout Bid

Shares of Paramount Global rose more than 9% in premarket trade on Friday, after Reuters reported Sony Pictures...

Nissan Cuts Annual Operating Profit Estimate by 14.5% on Lower Sales
Nissan Cuts Annual Operating Profit Estimate by 14.5% on Lower Sales

Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday, citing lower-than-expected vehicle sales and other...

Sony, Apollo Discuss Joint Bid for Paramount, says Source
Sony, Apollo Discuss Joint Bid for Paramount, says Source

Sony Pictures Entertainment and Apollo Global Management are discussing making a joint bid for Paramount Global, according to a person...

Hyundai Pauses Ads on X over Brand Safety Issues
Hyundai Pauses Ads on X over Brand Safety Issues

South Korea's Hyundai said on Friday that it had paused advertising on X, formerly known as Twitter, and is speaking to the Elon...

April 18, 2024
Alaska Air Forecasts Strong Profit on Rebound in Business Travel
Alaska Air Forecasts Strong Profit on Rebound in Business Travel

Alaska Air Group on Thursday forecast stronger-than-expected earnings in the current quarter on the back of a pickup in business travel...

Tesla Shares Fall as Deutsche Bank Flags Risks from Focus on Robotaxi
Tesla Shares Fall as Deutsche Bank Flags Risks from Focus on Robotaxi

Tesla shares fell to their lowest in more than a year on Thursday after Deutsche Bank raised concerns over the electric automaker's...

Mercedes-Benz Workers to Vote on UAW Membership in May
Mercedes-Benz Workers to Vote on UAW Membership in May

Workers at a Mercedes Benz factory in Vance, Alabama will vote between May 13 and May 17 on whether to join the United Auto Workers union, the...

UK's easyJet sees Strong Summer Momentum, Lifting Shares
UK's easyJet sees Strong Summer Momentum, Lifting Shares

British airline easyJet said it was confident travel demand would remain strong this summer, putting it on track for further growth and...

Tesla Tries Legal 'Band-Aid' to Revive Musk's Huge Pay Deal
Tesla Tries Legal 'Band-Aid' to Revive Musk's Huge Pay Deal

Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore Musk's $56 billion pay package, in an...

Beauty Group Puig Seeks $15 bln Valuation in Spanish IPO
Beauty Group Puig Seeks $15 bln Valuation in Spanish IPO

Perfume and fashion company Puig is seeking a valuation of as much as 13.9 billion euros ($14.8 billion) in Spain's largest initial public...

France's Danone Makes Play for Private Label Market Share as Price Hikes Ease
France's Danone Makes Play for Private Label Market Share as Price Hikes Ease

Danone is recouping some of the market share it lost to retailers' private label brands with high prices, it said on Thursday, winning...

Snap-On Misses Quarterly Sales Estimates on Weak Demand for Power Tools
Snap-On Misses Quarterly Sales Estimates on Weak Demand for Power Tools

Snap-On missed Wall Street estimates for first-quarter sales on Thursday, as vehicle service and repair technicians bought fewer tools and...

Nordea Confident of Resilient Performance Despite Rate Falls
Nordea Confident of Resilient Performance Despite Rate Falls

Finland's Nordea reported first-quarter profits above expectations on Thursday and said its strong performance would continue this year...

Blackstone Reports 1% Rise in First-Quarter Earnings
Blackstone Reports 1% Rise in First-Quarter Earnings

Blackstone Inc, the world's largest private equity firm, said on Thursday that its first-quarter distributable earnings rose 1% year-on-year...

Binance Obtains Dubai Licence to Target Retail Clients
Binance Obtains Dubai Licence to Target Retail Clients

Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai's regulator VARA that will allow the platform to target...

French Dairy Group Lactalis says 2023 Profitability Hit by Inflation
French Dairy Group Lactalis says 2023 Profitability Hit by Inflation

Lactalis, the world's largest dairy producer, said on Thursday its sales had risen by 4.3% to 29.5 billion euros ($31.51 billion) in 2023, but...

TotalEnergies Investors Call for Split of CEO, Chair Roles
TotalEnergies Investors Call for Split of CEO, Chair Roles

A group of TotalEnergies investors is calling for the French oil and gas major to split the roles of CEO and chairman, which they say could...

ABB Shares Hit Record High after Swiss Engineering Group's Confident Start to 2024
ABB Shares Hit Record High after Swiss Engineering Group's Confident Start to 2024

ABB shares soared to their highest ever level on Thursday after the Swiss engineering group posted better-than-expected first quarter profit...

Tata to Use new $1B Plant to Make Jaguar Land Rover Cars, Sources
Tata to Use new $1B Plant to Make Jaguar Land Rover Cars, Sources

India's Tata Motors will manufacture Jaguar Land Rover (JLR) luxury cars at a $1 billion plant that it is planning to build in the...

TSMC's First Quarter Profit Rises 9%, Beats Forecasts
TSMC's First Quarter Profit Rises 9%, Beats Forecasts

Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand...

Google Lays Off Employees, Shifts some Roles Abroad amid Cost Cuts
Google Lays Off Employees, Shifts some Roles Abroad amid Cost Cuts

Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at...

Walmart-Backed Ibotta Targets Up to $2.7B Valuation in US IPO
Walmart-Backed Ibotta Targets Up to $2.7B Valuation in US IPO

Walmart-backed digital marketing company Ibotta will likely raise $577.3 million at a valuation of $2.67 billion, after pricing its initial public...


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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