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Comcast demonstrates Sky-high ambition in global media shake-up

September 23, 2018 by  
Filed under News

U.S. cable giant Comcast scored a big win in the scramble for media assets by beating Rupert Murdoch, and his backer Disney, in the battle for Sky with an eye-watering $40 billion bid.


Source: Reuters Business News

Low interest rates spawn rise in number of zombie firms: BIS

September 23, 2018 by  
Filed under News

Decades of falling interest rates have led to a sharp increase in the number of “zombie” firms, a report for the Bank for International Settlements said, potentially threatening economic growth and preventing interest rates from rising.


Source: Reuters Business News

Siemens CEO pushes plans to boost Iraqi power infrastructure

September 23, 2018 by  
Filed under News

Siemens said its boss Joe Kaeser met Iraq’s prime minister on Sunday to discuss a proposal by the German company to expand the Middle East nation’s power production.


Source: Reuters Business News

Volkswagen's Porsche drops diesel in electric car push

September 23, 2018 by  
Filed under News

Volkswagen’s Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead.


Source: Reuters Business News

Fed's Powell between a rock and hard place: Ignore the yield curve or tight job market?

September 23, 2018 by  
Filed under News

Unemployment near a 20-year low screams at the U.S. Federal Reserve to raise interest rates or risk a too-hot economy. The bond market, not far from a state that typically precedes a recession, says not so fast.


Source: Reuters Business News

Comcast outbids Fox with $39 billion offer for Sky in auction

September 22, 2018 by  
Filed under News

Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky after offering around 30 billion pounds ($39 billion) for the British broadcaster in a rare auction to decide the fate of the pay-television group.


Source: Reuters Business News

U.S. airlines score win as Congress drops 'reasonable fee' rules

September 22, 2018 by  
Filed under News

The U.S. airline industry scored a win on Saturday as bipartisan congressional legislation dropped plans to mandate “reasonable and proportional” baggage and change fees, but included other new passenger protections.


Source: Reuters Business News

BT approaches Worldpay's Philip Jansen to be new CEO: Sky News

September 22, 2018 by  
Filed under News

BT Group is in advanced talks to appoint payment technology provider Worldpay’s outgoing co-chief executive Philip Jansen as its new CEO, Sky News reported on Saturday.


Source: Reuters Business News

Volume spikes on sector reshuffle, quadruple witching

September 22, 2018 by  
Filed under News

An overhaul of Wall Street’s technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.


Source: Reuters Business News

Adviser says U.S. close to Mexico-only NAFTA deal, Canada unmoved

September 21, 2018 by  
Filed under News

The United States is getting “very, very close” to having to move forward on its trade deal with Mexico without Canada, White House economic adviser Kevin Hassett said on Friday.


Source: Reuters Business News

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