Business news


India's TCS Drops on Top Shareholder Tata Sons' Share Sale Plan

India's TCS Drops on Top Shareholder Tata Sons' Share Sale Plan

Shares of Tata Consultancy Services dropped over 3% on Tuesday, as its top shareholder proposed a share sale worth up to 93.62 billion rupees ($1.13 billion) in the Indian IT services company at a discounted rate. The potential share sale by Tata Sons, the holding company of Tata G...


March 19, 2024
European Patent Applications Hit Record High in 2023
European Patent Applications Hit Record High in 2023

The European Patent Office (EPO) received a record number of patent applications last year, with the biggest share of fillings coming from the...

March 18, 2024
Tesla Shares Gain after Model Y Price Hike in U.S., Europe
Tesla Shares Gain after Model Y Price Hike in U.S., Europe

Shares of Tesla rose by nearly 7% on Monday after the automaker announced price increases for its Model Y electric vehicles across some...

Pfizer to Cut Stake in Sensodyne Toothpaste-Maker Haleon to 24%
Pfizer to Cut Stake in Sensodyne Toothpaste-Maker Haleon to 24%

Consumer healthcare firm Haleon said on Monday that U.S. drugmaker Pfizer, its top shareholder, will sell down its stake in the company to...

Goldman Sachs Veteran Stephanie Cohen Resigns
Goldman Sachs Veteran Stephanie Cohen Resigns

Goldman Sachs' Stephanie Cohen, global head of platform solutions, became the latest senior executive to depart the Wall Street giant on Monday...

Talos Energy to Sell Carbon Capture Unit to TotalEnergies for $148M
Talos Energy to Sell Carbon Capture Unit to TotalEnergies for $148M

U.S. oil and gas producer Talos Energy said on Monday it will sell its carbon capture and sequestration unit to French firm...

Uber to Pay $178M in Australia Taxi Class Action Settlement
Uber to Pay $178M in Australia Taxi Class Action Settlement

Uber has agreed to pay A$271.8 million ($178 million) to settle a lawsuit brought by Australian taxi operators and drivers, who say they lost...

Saudi Crude Exports Fall for Second Straight Month in January
Saudi Crude Exports Fall for Second Straight Month in January

Saudi Arabia's crude oil exports fell in January for a second straight month, data from the Joint Organizations Data Initiative (JODI) showed...

Super Micro Computer Rides AI Server Boom to Join S&P 500
Super Micro Computer Rides AI Server Boom to Join S&P 500

Super Micro Computer, which joins the S&P 500 on Monday, enjoys a rare advantage among server makers that are trying to tap the generative AI...

Logitech CFO to Step Down in May, Shares Fall
Logitech CFO to Step Down in May, Shares Fall

Logitech said on Monday its chief financial officer Charles Boynton will leave the company in May. The Swiss company said Boyton is...

Nvidia AI Developer Conference Kicks Off with new Chips in Focus
Nvidia AI Developer Conference Kicks Off with new Chips in Focus

Nvidia Chief Executive Jensen Huang on Monday kicked off his company's annual developer conference with a slew of announcements designed...

Julius Baer Cuts 2023 Executive Bonuses after Signa Losses
Julius Baer Cuts 2023 Executive Bonuses after Signa Losses

Julius Baer cut 2023 bonus payments to its now departed chief executive and other senior managers in the wake of hefty losses the Swiss bank...

Aviva Sells Singlife Joint Venture Stake for $1.2 bln
Aviva Sells Singlife Joint Venture Stake for $1.2 bln

Aviva has completed the sale of its stake in Singapore Life Holdings, plus two debt instruments, for a combined 937 million pounds ($1.19...

India Adani Group's Dollar Bonds, Shares Tumble on US Probe Report
India Adani Group's Dollar Bonds, Shares Tumble on US Probe Report

Most dollar bonds of Adani Group companies fell to their lowest level in two months on Monday following a report indicating that U.S. prosecutors...

Meta, Boeing, GE Vernova Join US Business Delegation to Vietnam this Week
Meta, Boeing, GE Vernova Join US Business Delegation to Vietnam this Week

A large U.S. business delegation, including Meta, Boeing and wind energy firm GE Vernova, is visiting Vietnam this week in a sign of continued...

March 15, 2024
China's JD.com Walks Away from Offer for Britain's Currys
China's JD.com Walks Away from Offer for Britain's Currys

China-based online retailer JD.com said on Friday it would not make an offer for British electricals group Currys, days after U.S. investor...

Adobe Shares Fall as Downbeat Forecast Fans Worries about Competition, AI Efforts
Adobe Shares Fall as Downbeat Forecast Fans Worries about Competition, AI Efforts

Adobe shares fell 12% on Friday as a lackluster quarterly forecast reinforced concerns about rising competition for the company's creative...

Some McDonald's Outlets Back Online after Tech Outage in Several Countries
Some McDonald's Outlets Back Online after Tech Outage in Several Countries

Some McDonald's stores were back online after a technology outage on Friday disrupted operations for a few hours at many of the restaurant...

US Automakers Race to Build more Hybrids as EV Sales Slow
US Automakers Race to Build more Hybrids as EV Sales Slow

As U.S. sales of gas-electric hybrid vehicles surge and electric-vehicle sales cool, automakers and suppliers are betting consumer demand for a...

TikTok Advertisers will Look to Rivals if US Senate Moves ahead on Ban
TikTok Advertisers will Look to Rivals if US Senate Moves ahead on Ban

Advertisers who turn to TikTok to market to young consumers are preparing contingency plans with social media rivals in the event the short-form...

Polish Fashion Group LPP's Shares Tumble on Hindenburg Report
Polish Fashion Group LPP's Shares Tumble on Hindenburg Report

Shares in Polish fashion company LPP dropped about 25% on Friday after Hindenburg Research published a report making allegations about the...

Samsung C&T Shares Fall amid Test of S.Korea's Corporate Reform Push
Samsung C&T Shares Fall amid Test of S.Korea's Corporate Reform Push

Shares in South Korea's Samsung C&T fell by 10% on Friday after shareholders defeated a proposal by activist funds to lift dividend...

Vodafone to Return 4B Euros, Halve Dividend after Italy Deal
Vodafone to Return 4B Euros, Halve Dividend after Italy Deal

Vodafone will return 4 billion euros ($4.35 billion) of capital and halve the dividend from its next financial year after the sale of its...

UK Competition Watchdog Looks into Barratt's $3B Purchase of Redrow
UK Competition Watchdog Looks into Barratt's $3B Purchase of Redrow

British competition regulator said on Friday it is looking into homebuilder Barratt's 2.52-billion-pound ($3.21 billion) all-stock deal to...

Nissan Considering Partnership with Honda on EVs - Sources
Nissan Considering Partnership with Honda on EVs - Sources

Nissan Motor is considering seeking a business partnership with Honda Motor on key components for electric vehicles to cut production...

China's Home Prices Extend Declines Despite Support Measures
China's Home Prices Extend Declines Despite Support Measures

China's new home prices dropped for an eighth straight month in February, official data showed on Friday, suggesting the fragile property...

March 14, 2024
Germany's Vonovia Posts 2023 Loss of $7.35B amid Property Crisis
Germany's Vonovia Posts 2023 Loss of $7.35B amid Property Crisis

Vonovia , Germany's largest real estate group, on Thursday reported a 6.76 billion euro ($7.35 billion) loss for 2023, the latest sign of...

Italy's Cucinelli Posts 39% Jump in 2023 EBIT, Confirms Guidance
Italy's Cucinelli Posts 39% Jump in 2023 EBIT, Confirms Guidance

Italian luxury group Brunello Cucinelli said on Thursday its operating profit rose 39.4% last year and it confirmed its expectations for sales...

Altria Group Plans to Sell 35 Million AB InBev Shares
Altria Group Plans to Sell 35 Million AB InBev Shares

Marlboro maker Altria said on Wednesday it plans to sell 35 million shares of brewer Anheuser-Busch InBev. Altria currently holds about...

Cost-Cutting Program at Volkswagen Brand Bears First Fruit
Cost-Cutting Program at Volkswagen Brand Bears First Fruit

Volkswagen said on Thursday that operating profit for its core mass-market brands increased by 80% last year, in a sign that closer...

UBS's Rescue of Credit Suisse has Created new Risks for Switzerland, OECD
UBS's Rescue of Credit Suisse has Created new Risks for Switzerland, OECD

UBS's rescue takeover of Credit Suisse a year ago has created "new risks and challenges" for the Swiss economy, the Organisation...

UK's John Lewis Partnership Forecasts Further Profit Growth
UK's John Lewis Partnership Forecasts Further Profit Growth

Britain's John Lewis Partnership on Thursday reported a return to annual profit due to improved trading in its food business and cost savings,...

Deliveroo Beats Earnings Guidance, sees Positive Cash Flow in 2024
Deliveroo Beats Earnings Guidance, sees Positive Cash Flow in 2024

British meal delivery company Deliveroo reported better-than-expected core earnings of 85 million pounds ($109 million)for 2023, and expected...

China's Nio and CATL Partner on Developing Batteries with Longer Life
China's Nio and CATL Partner on Developing Batteries with Longer Life

Chinese electric vehicle maker Nio on Thursday signed an agreement with battery giant CATL on a partnership to develop batteries with a...

Italy's Iveco Group to Sell Fire Trucks Unit to German Fund Mutares
Italy's Iveco Group to Sell Fire Trucks Unit to German Fund Mutares

Italian truck and bus maker Iveco Group said on Wednesday that it will sell its unit that produces firefighting vehicles to German private...

AstraZeneca to Buy Amolyt Pharma for $1.05B to Boost Rare-Disease Portfolio
AstraZeneca to Buy Amolyt Pharma for $1.05B to Boost Rare-Disease Portfolio

Drugmaker AstraZeneca said on Thursday it would acquire rare endocrine diseases-focused firm Amolyt Pharma for $1.05 billion in cash, in a bid...

Hapag-Lloyd Posts 83% Lower net Profit in 2023, Cuts Dividend by 85%
Hapag-Lloyd Posts 83% Lower net Profit in 2023, Cuts Dividend by 85%

German container shipper Hapag-Lloyd on Thursday posted a net profit of 3.0 billion euros ($3.28 billion) for 2023, down 83% from a year...

Apple Supplier Foxconn sees Strong 2024, Q4 Beats Forecasts
Apple Supplier Foxconn sees Strong 2024, Q4 Beats Forecasts

Apple supplier Foxconn said on Thursday it expects revenue to increase significantly in 2024 following a slow start to the year amid...

US Investigators say Video Footage Overwritten of Work on Boeing Jet's Door Plug
US Investigators say Video Footage Overwritten of Work on Boeing Jet's Door Plug

The head of the National Transportation Safety Board (NTSB) said on Wednesday investigators still do not know who worked on a Boeing 737 MAX 9 door...

March 13, 2024
Primark Looking to Expand Click & Collect Trial
Primark Looking to Expand Click & Collect Trial

Clothing retailer Primark is set to expand its click & collect trial into more stores and possibly to markets beyond Britain, its boss said on...

Toyota Agrees to Biggest Wage Hike in 25Y, Paves Way for BOJ Shift
Toyota Agrees to Biggest Wage Hike in 25Y, Paves Way for BOJ Shift

Toyota Motor agreed to give factory workers their biggest pay increase in 25 years on Wednesday, heightening expectations that bumper pay...

SingTel Looking to Sell Significant Optus Stake to Brookfield, Source
SingTel Looking to Sell Significant Optus Stake to Brookfield, Source

Singapore Telecommunications (SingTel) is looking to sell a significant stake in its wholly owned Australian unit Optus to Canadian private...

Zara-Owner Inditex Gets Spring Season Boost from Upmarket Fashion
Zara-Owner Inditex Gets Spring Season Boost from Upmarket Fashion

Zara-owner Inditex's sales jumped 11% at constant currencies in the first half of its spring season, boosted by upmarket fashions and...


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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