Money

Money Fox plans to sell stake in Sky to Comcast for $15B
Author: 0 Fox plans to sell stake in Sky to Comcast for $15B

Over many profitable years in the 1990s and 2000s, it became a critical asset, one that Iger referred to as the "crown jewel" of Fox as he assessed the companies' $71 billion merger. Disney said in a statement the latest deal would "significantly reduce" the debt needed to take over the Fox holdings and would enable it to invest more in "content creation for its direct-to-consumer platforms".

Author: 0 Trump says he’s ‘not happy’ about Fed rate hike

Kuwait said it is keeping its key discount rate unchanged at 3 per cent. "I am not happy about that". That may be a signal that the Fed believes interest rates are finally at a neutral level, meaning they neither stimulate nor hinder the economy.

Author: 0 Price of oil could reach $100/barrel by late 2018 or early 2019

Such a rise in oil prices would make it the first time since the summer of 2014 that oil would return to the $100-a-barrel price level. "Oil prices remain in the Bulls domain amid concern that US sanctions on Iranian crude oil exports will result in much tighter physical market conditions once they take effect in November", said Stephen Innes, head of trading for Asia/Pacific at futures brokerage OANDA in Singapore.

Author: 0 Federal Reserve raises USA central bank's rate to 2.25%

Powell has repeatedly played down the importance of neutral given economists' inability to know precisely where it lies. Federal Reserve chair Jerome Powell will have more to say on the bank's line of thinking at a news conference at 2:30 p.m.

Money Trump says he rejected meeting with Canada's Trudeau
Author: 0 Trump says he rejected meeting with Canada's Trudeau

Momentum appeared to have stalled last week in efforts to bridge differences between Washington and Ottawa in negotiations to rewrite NAFTA , which began a year ago. "His tariffs are too high and he doesn't seem to want to move". The top US negotiator on Tuesday complained Canada was not making enough concessions in bilateral talks to renew the North American Free Trade Agreement and said time was running out before Washington proceeded with a Mexico-only deal.

Author: 0 Canada Not Making 'Essential' Trade Concessions, According to Lighthizer

Under a USA legal process known as Trade Promotion Authority that was invoked to revamp NAFTA, Americans lawmakers need to review the text of the agreement 60 days before President Donald Trump can sign it. Separately, analysts with Fitch Ratings told Bloomberg that tariff or trade shock that could result from Canada withdrawing from the deal will push Bank of Canada to slash its interest rates to support borrowers.

Money Google reinstates cryptocurrency advertisements; technology giant’s move riles up community
Author: 0 Google reinstates cryptocurrency advertisements; technology giant’s move riles up community

Advertisers will need to be certified with Google for the specific country in which their ads will serve. This policy will apply globally to all accounts that advertise these financial products. Google is introducing a new policy on cryptocurrency advertising which will get into effect from October and will only be for the USA and Japan based users for the time being.

Money Dunkin’ Donuts To Officially Change Name
Author: 0 Dunkin’ Donuts To Officially Change Name

The iconic coffee and donut chain has reportedly toyed with the idea for a while, to put an emphasis on coffee and other drinks. They're also giving away friendship bracelets to really solidify the first-name basis marketing campaign. The store includes a new design, ordering kiosks and drinks such as nitro-infused cold brew. Despite the change in name, Dunkin' will continue to offer doughnuts, including its popular Munchkins and seasonal menu additions.

Money $100 Oil Is A Distinct Possibility - FleetPointFleetPoint
Author: 0 $100 Oil Is A Distinct Possibility - FleetPointFleetPoint

JPMorgan said USA sanctions on Iran could lead to a loss of 1.5 million barrels per day (bpd), while Mercuria warned that as much as 2 million bpd could be knocked out of the market. "We need to give serious thought to expand our partnership beyond this year to tackle the new challenges that appear ahead of us", he said. Saudi Arabia's oil minister Khalid al Falih said that "I can not speak to prices because I do not directly influence prices".

Author: 0 Has Iran Started To Switch Off Oil Tanker Tracking Systems?

Trump's address to the world body is expected to focus heavily on Iran and the threat he says the Islamic Republic poses to Middle Eastern stability through its support for proxy forces in Syria, Lebanon and elsewhere. That marked a level beyond the last peak witnessed in November 2014. The impending sanctions by the United States on Iran, the third-largest producer among OPEC, which will go into effect November 4, the rising domestic petrol and diesel prices, which touched new record highs ...

Money British cabinet presses ahead with PM's Brexit blueprint
Author: 0 British cabinet presses ahead with PM's Brexit blueprint

Subsequently on Monday, free-market think tank the Institute of Economic Affairs (IEA) unveiled an alternative Brexit plan to Chequers, which has been backed by leading Brexiteers David Davis, Boris Johnson and Jacob Rees-Mogg. 'The prime minister made clear we are going to keep our calm, hold our nerve, and press the European Union on some of the criticisms that they have made, ' he told the BBC.

Money Bus tours to the Continent could be hit by no-deal Brexit
Author: 0 Bus tours to the Continent could be hit by no-deal Brexit

The vote opens up a clear division between the UK's two main parties - with the Conservative minority government still committed to leaving. The math on that vote looks ominous for May's government, however, because it lacks an overall majority.

Author: 0 Canada refusing to make concessions on NAFTA

As reported by Reuters, US officials are complaining that Canada is refusing to make necessary concessions in order to achieve a trilateral pact that will update and replace NAFTA. US business groups, alarmed by the potential disruption to the three increasingly integrated economies, have lobbied the White House to keep NAFTA as a trilateral deal.

Money Michael Kors ups the glamour, buys Versace for US$2B
Author: 0 Michael Kors ups the glamour, buys Versace for US$2B

Shares of Michael Kors fell more than 8 per cent after news reports of the deal first surfaced. The Milan-based line, founded by Gianni Versace in 1978, will join shoe brand Jimmy Choo under Michael Kors Holdings Limited, which will change its name to Capri Holdings Limited upon the deal's closing.

Author: 0 Canada not making concessions needed for a NAFTA deal, says U.S.

If the remaining gaps can not be bridged in the next few days, the administration will request congressional approval of a deal with Mexico only, Lighthizer said in NY at the Concordia summit, an annual conference on policy issues. Washington and Mexico City want to finalize the deal by November 30, before current Mexican President Enrique Pena Nieto leaves office. Major disagreements remain over Canada's dairy management program, a dispute resolution process and the fate of US tariffs on ...

Money Sky falls in on Comcast share price
Author: 0 Sky falls in on Comcast share price

Shares in British broadcaster Sky have jumped 8.8pc to £17.24 following Comcast's knockout bid at the weekend. Fox holds a 39 percent stake in Sky, stemming from Murdoch's role in its creation almost three decades ago, which it is selling to Walt Disney (DIS.N) as part of a separate deal.

Money Oil prices hit four-year-high of $81 amid looming Iran sanctions
Author: 0 Oil prices hit four-year-high of $81 amid looming Iran sanctions

Earlier today, Brent crude hit its highest since May at $80.62 per barrel, up $1.82 or 2.3 percent, by 0830 GMT. "We will consider waivers where appropriate but it is our expectation that the purchases of Iranian crude oil will go to zero from every country or sanctions will be imposed", Pompeo said earlier this month.

Money Instagram co-founders step down from company
Author: 0 Instagram co-founders step down from company

They sold the photo-sharing app to Facebook in 2012 for about $1 billion. Facebook's stock hasn't recovered from the hit, either. Systrom issued a statement on Instagram's blog, saying that he and Krieger were "planning on taking some time off to explore our curiosity and creativity again".

Money The China-US Trade War Might Go Beyond Tariffs Soon
Author: 0 The China-US Trade War Might Go Beyond Tariffs Soon

Trump threatened last week to add $267 billion in Chinese imports to the target list if Beijing retaliated for the latest US taxes. China dashed prospects for a near-term resolution to the trade war with the USA, warning President Donald Trump his threats of further tariffs are blocking any potential negotiations.

Money Randgold, Barrick Gold confirm merger creating $18.3B mining giant
Author: 0 Randgold, Barrick Gold confirm merger creating $18.3B mining giant

Bristow acknowledged that the industry has always been criticised for its "short-term focus, undisciplined growth and poor returns". Randgold's London listing will be cancelled. "We don't see a reason to change Randgold's approach". The company shed non-core assets outright, or sold stakes to partners, to fix its balance sheet, after its debt peaked at $15.8 billion in 2013.

Author: 0 Oil prices surge as Saudis, Russia won't open spigots

Somebody is going to be wrong on the outlook for the crude oil price , as the market can not be well-supplied and increasingly tight at the same time. Meanwhile, China's oil imports from Iran reportedly plunged by around 250,000 barrels per day (bpd) in August compared to a month earlier, though Beijing signaled its intent to keep buying.

Money Will Michael Kors make Versace cheaper?
Author: 0 Will Michael Kors make Versace cheaper?

Private-equity firm Blackstone, which owns 20 percent of the brand, reportedly didn't believe its financial performance was strong enough for a public listing, according to Reuters . And it comes as the Michael Kors business still hasn't been turned around, despite some progress made. She presented her latest collection for next spring and summer last Friday during Milan Fashion Week and was honored on Sunday by the Italian Fashion Chamber.

Money Sleep in coffin for 30 hours, earn $300 in creepy contest
Author: 0 Sleep in coffin for 30 hours, earn $300 in creepy contest

Louis is celebrating "30 Years of Scream" during their annual Freight Fest with a 30-Hour Coffin Challenge. So, what do you get for spending 30 hours in a coffin? The competitors are allowed to bring a friend during the operating hours, but once the park closes, coffin dwellers must go it alone.

Author: 0 Oil traders say $100 coming as OPEC struggles to fill Iran gap

Al Falih said returning to 100 per cent compliance was the main objective and should be achieved in the next two to three months. Global benchmark Brent crude for November delivery was up at 79.40 dollars a barrel. The threats of disruption as well as the early supply cuts have helped to lift Brent crude futures to almost $80 a barrel this month, a level not seen since 2014.

Money Porsche ends diesel production for good
Author: 0 Porsche ends diesel production for good

Sports vehicle maker Porsche said Sunday it would become the first German auto giant to abandon the diesel engine, reacting to parent company Volkswagen's emissions cheating scandal and urban driving bans. Porsche said its hybrid cars are becoming increasingly popular, with about 63 percent of buyers of the four-door Panamera coupe in Europe opting for the partly electric version.

Money Australia’s strawberry scare spreads as needles found in New Zealand
Author: 0 Australia’s strawberry scare spreads as needles found in New Zealand

Countdown last week announced it had halted imports of Australia strawberries to NZ for the season while competitor Foodstuffs ceased shipping them to its stores. Australian strawberries are exported to NZ from April to September and local strawberries began appearing on shelves this week in their place. Police are taking this report seriously and are investigating with the Ministry for Primary Industries .

Money PNC Financial now part of Ripple money transfer network
Author: 0 PNC Financial now part of Ripple money transfer network

Leading up to this imminent roll-out, Ripple collaborated with a number of companies in real-world testing of the technology. Ripple company's official blog post noted that after running tests with the kingdom's financial regulator, the Saudi Arabian Monetary Authority, NCB joined RippleNet .

Money 'Devastated': Sacked ABC boss Michelle Guthrie threatens to sue over 'unjustified' termination
Author: 0 'Devastated': Sacked ABC boss Michelle Guthrie threatens to sue over 'unjustified' termination

Anderson will serve as acting managing director while Guthrie's permanent replacement is found. Anderson is now Director, Entertainment & Specialist and has worked in the media industry for more than 30 years. "In the first two years of my five year term, I have invested more in investigative journalism, more in regional journalism, more in innovative content and increased the efficiency and effectiveness of the ABC ", she said.

Author: 0 OPEC, allies agree not to further increase oil production

Low fuel prices at home will be welcome. Iranian Oil Minister Bijan Zanganeh also said on Sunday he hoped decisions taken by the OPEC and non-OPEC ministerial committee would not be affected by U.S. The Iranian oil minister warned that OPEC's authority is being jeopardized by the USA shadow effect on the allies in the region. The Organization of the Petroleum Exporting Countries' own estimates, according to its secondary sources such as researchers and ship-trackers, put Iranian output at ...