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U.S., European Union still in 'exploratory' talks on trade – EU's Malmstrom

September 24, 2018 by  
Filed under News

The European Union and the United States are still in exploratory talks about how they can pursue a limited trade agreement, with no real negotiations yet started, EU Trade Commissioner Cecilia Malmstrom said on Monday.


Source: Reuters Business News

Sirius XM to buy Pandora in $3.5 billion streaming push

September 24, 2018 by  
Filed under News

Satellite radio company Sirius XM Holdings Inc will buy online music service Pandora Media Inc in a $3.5 billion all-stock deal that will help it battle growing competition from streaming rivals Spotify and Apple Music.


Source: Reuters Business News

United Technologies explores sale of Chubb Fire & Security: sources

September 24, 2018 by  
Filed under News

United Technologies Corp is exploring a sale of its Chubb Fire & Security division for more than $3 billion, people familiar with the matter said on Monday.


Source: Reuters Business News

Wall Street drops as Rosenstein jitters add to trade woes

September 24, 2018 by  
Filed under News

Industrials took the biggest knock on Wall Street on Monday as the latest U.S.-China tariffs kicked in, while adding to uncertainty were questions over whether Deputy Attorney General Rod Rosenstein, who oversees the Mueller investigation, had quit.


Source: Reuters Business News

Canada's Barrick Gold to buy Randgold for $6.5 billion in all-stock deal

September 24, 2018 by  
Filed under News

Canada’s Barrick Gold Corp has agreed to buy Randgold Resources Ltd in an all-stock deal valuing the Africa-focused miner at $6.5 billion, to create the world’s largest gold producer in an industry under investor pressure to put capital to good use.


Source: Reuters Business News

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

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