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".
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.
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.
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.
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.
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.
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.
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.
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".
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 ...
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.
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.
Trump said that under his leadership, major threats to peace - including North Korea , Iran and ISIS - have been diminished. Trump's administration has reinstated sanctions on Iran after pulling Washington out of the multinational 2015 nuclear deal with Tehran.
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.
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.
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 ...
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.
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.
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".
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.
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.
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.
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.
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.
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.
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.
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 .
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 .
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.
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 ...