Murdoch’s Fox will sell its 39% stake in Sky to Comcast

Fox will sell its 39 percent stake to for 11.6 billion pounds ($15.25 billion). If Fox had won the auction, Disney would have taken control of Sky next. It also allows Disney to focus its resources on building direct-to-consumer products such as the ... More..

by | Published 26 days ago
by | Thursday, September 27, 2018

India should reduce or stop crude oil import from Iran: Moody’s

Patterson said. Speaking at the UN General Assembly on Tuesday, Trump accused OPEC of " ripping off the rest of the world " by pushing for higher oil prices. Saudi Arabia will quietly add extra oil to the mar...More..

US Federal Reserve raises key interest rate by 25 bps
by | Thursday, September 27, 2018

US Federal Reserve raises key interest rate by 25 bps

As market observers predicted, the Federal Reserve announced today that it was raising the federal benchmark interest rate a quarter-point. Those people, he noted, will benefit from the Fed's increase in short-...More..

Lighthizer hints Mexico pact may need to be reopened if delayed — NAFTA
by | Thursday, September 27, 2018

Lighthizer hints Mexico pact may need to be reopened if delayed — NAFTA

He called that the "mother lode". "I must be honest with you, we're not getting along with their negotiators we think their negotiators have taken advantage of our country for a long time", Trump said. The Ca...More..

by | Wednesday, September 26, 2018

US says Canada not making concessions needed for NAFTA deal

A spokesman for Canadian Foreign Minister Chrystia Freeland brushed off the latest remarks from the United States, saying Canada was not interested in focusing on timelines. If not, we'll have to do it in a sep...More..

OPEC, Russia rebuff Trump's call for immediate boost to oil output
by | Wednesday, September 26, 2018

OPEC, Russia rebuff Trump's call for immediate boost to oil output

Oil benchmark Brent traded little changed on Wednesday after rising to its highest in almost four years in the previous session, while U.S. crude futures fell as United States' officials tried to assure that th...More..

by | Wednesday, September 26, 2018

Israel hardliners back Trump following anti-Iran UN speech

Oil prices rose on Monday after the OPEC signaled it won't rush to release more oil into the market, shrugging off pressure from Trump who has been calling on the group to do more to temper gains. Speaki...More..

Michael Kors has purchased Versace for $2.12 billion
by | Wednesday, September 26, 2018

Michael Kors has purchased Versace for $2.12 billion

The deal Tuesday comes just 14 months after the NY handbag maker spent $1.35 billion (CAD$1.75 billion) adding to its portfolio Jimmy Choo, the shoemaker that that rocketed to fame on the high heels of " Sex an...More..

No UK cabinet minister challenged PM May over Brexit: Sun
by | Wednesday, September 26, 2018

No UK cabinet minister challenged PM May over Brexit: Sun

Mrs May said on Tuesday: What I'm doing is working to deliver a good deal with Europe in the national interest, it would not be in the national interest to have a general election . Prominent Brexiteers David ...More..

World leaders laugh as Trump boasts of his achievements
by | Wednesday, September 26, 2018

World leaders laugh as Trump boasts of his achievements

Last September, President Donald Trump used the opportunity of his annual address to the United Nations , to the shock and horror of many, to lob insults at North Korea's Kim Jong-un: " Rocket Man is on ...More..

XRP (XRP) Market Capitalization Achieves $22.78 Billion
by | Tuesday, September 25, 2018

XRP (XRP) Market Capitalization Achieves $22.78 Billion

In a recent research published by BIS, they conclude that regulatory announcements play an important role in the price movement of Bitcoin and other cryptocurrencies. Ripple is a fintech company that foc...More..

Barrick Gold buys Randgold to create world’s biggest gold miner
by | Tuesday, September 25, 2018

Barrick Gold buys Randgold to create world’s biggest gold miner

They also have high internal "hurdle" rates for investment; in Barrick's case they must generate an internal rate of return of 15 per cent and in Randgold's 20 per cent. The new company will have the sector's...More..

Australia strawberry needle crisis spreads to New Zealand
by | Tuesday, September 25, 2018

Australia strawberry needle crisis spreads to New Zealand

New Zealand has reported its first case of a contaminated punnet of strawberries at a branch of the Woolworth's-owned supermarket chain Countdown on Sunday. AUTHORITIES in New Zealand are investigating the...More..

Instagram co-founders resign in latest Facebook shake-up
by | Tuesday, September 25, 2018

Instagram co-founders resign in latest Facebook shake-up

Systrom and Krieger notified the photo-sharing app's leadership team and Facebook on Monday about their decision to leave, Instagram said. The pair sold Instagram to Facebook for $US1 billion in 2012. Increas...More..

China Imposes New Tariffs on US, Accuses Washington of 'Trade Bullyism'
by | Tuesday, September 25, 2018

China Imposes New Tariffs on US, Accuses Washington of 'Trade Bullyism'

The statement was released after a 10-percent import tariff imposed by the U.S. on $200 billion worth of Chinese goods came into effect. The move brings the amount of Chinese goods hit by duties to more tha...More..

Oil jumps 2 % as market tightens, more gains seen
by | Tuesday, September 25, 2018

Oil jumps 2 % as market tightens, more gains seen

Oil has rallied since the lows of August as speculation swirls over whether OPEC and its allies will boost production, with sanctions on the Middle East nation's exports set to take effect in November. For c...More..

Versace on verge of sale to Michael Kors, reports say
by | Tuesday, September 25, 2018

Versace on verge of sale to Michael Kors, reports say

Donatella Versace , the firm's artistic director and vice-president, has called a staff meeting in Milan for Tuesday, Corriere della Sera reported. Just past year Michael Kors purchased British heel maker ...More..

by | Monday, September 24, 2018

Saudi energy minister rips Trump tweet: 'I do not influence oil prices'

Hossein Kazempour Ardebili, Iran's ambassador to the Organization of the Petroleum Exporting Countries ( OPEC ), said none of the current major producers including Saudi Arabia and Russian Federation had the ...More..

Comcast beats Fox in Sky auction with $39B bid
by | Monday, September 24, 2018

Comcast beats Fox in Sky auction with $39B bid

USA cable giant Comcast bid 17.28 pounds a share for control of London-listed Sky , bettering a 15.67 pounds a share offer by Fox, the Takeover Panel said in a statement shortly after final bids were made on...More..

ABC sacks Michelle Guthrie as Managing Director
by | Monday, September 24, 2018

ABC sacks Michelle Guthrie as Managing Director

Ms Guthrie, at a Senate estimates hearing, rejects suggestions made in an opinion piece by former ABC presenter Johnathan Holmes that the public broadcaster is biased towards the left. One ABC executive sai...More..

Sewing needles pulled from shelves as arrest made in strawberry contamination crisis
by | Sunday, September 23, 2018

Sewing needles pulled from shelves as arrest made in strawberry contamination crisis

The drastic decision comes as Agriculture Minister David Littleproud says the "parasites" responsible for spiking strawberries with needles should do hard time in jail. "He did not recall the needle being in th...More..

Oil Rises For Third Day
by | Sunday, September 23, 2018

Oil Rises For Third Day

The US counts Saudi Arabia, OPEC's de facto leader, as a key ally and will be keen not to see a price surge ahead of the US midterm elections November 6, with Trump's Republican Party at risk of losing contro...More..

Oil prices drop as escalating U.S.-China trade war…
by | Friday, September 21, 2018

Oil prices drop as escalating U.S.-China trade war…

Brent crude futures (LCOc1) were down 15 cents at $78.88 a barrel by 1116 GMT, having gained 1.3 percent on Tuesday following media reports that Saudi Arabia , the world's largest oil exporter, was comforta...More..

Indian flight turns back after 30 passengers report sick
by | Friday, September 21, 2018

Indian flight turns back after 30 passengers report sick

The affected passengers were given medical attention after the Boeing 737 aircraft landed back in Mumbai . "I saw many people having nose bleeds", passenger Joel D'Souza told CNN . But the Jet Airways s...More..

Amazon's Storefronts is too little, too late for small businesses
by | Thursday, September 20, 2018

Amazon's Storefronts is too little, too late for small businesses

Customers will be able to search through 25 product categories, including back-to-school, home, kitchen, pet supplies and books. Amazon will open a new store for customers on Monday, where they can shop exclu...More..

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