Economy

Disney must bid for Sky even if Murdoch offer fails, watchdog rules

Disney must bid for Sky even if Murdoch offer fails, watchdog rules Disney will be required to make a mandatory offer to Sky shareholders within 28 days of its purchase of 21st Century Fox's assets, United Kingdom authorities said today. Competition and Markets Authority (CMA), which is reviewing Fox's bid for Sky. The merger, which will bring together two of Hollywood's most historic brands and reunite the vast majority of the Star Wars and Marvel Comics m... [Full Article...]

British Airways owner IAG is considering a Norwegian takeover

British Airways owner IAG is considering a Norwegian takeover IAG said no such talks have taken place so far, and no decision over whether to make an offer has been made. Shares in Norwegian, a stock which this year has been pounded over worries about its profitability, surged 37 percent on the news. [Full Article...]

India's consumer price inflation a tad lower at 4.28% in March

India's consumer price inflation a tad lower at 4.28% in March The economic policy of President Muhammadu Buhari's administration has dealt another blow to the country's inflation rate, with the National Bureau of Statistics reporting yet another fall, the 14th month in a row. The Reserve Bank of India (RBI), which has kept rates steady since a cut of 25 basis points in August, is widely expected to maintain rates at their current level in the next review d... [Full Article...]

Uber will now help you rent a stranger's vehicle

Uber will now help you rent a stranger's vehicle The tool uses "anonymised data from millions of trips" taken through its platform and can help planners and policymakers to analyse transportation patterns, and make smart investments on future infrastructure projects, the statement said. This gives users greater and more convenient access to tickets for public transit services. Going forward, Uber will be less about simply booking a auto but ... [Full Article...]

India asks Hong Kong to arrest Nirav Modi, awaiting response

India asks Hong Kong to arrest Nirav Modi, awaiting response The court took note of the share holding pattern and said it was "intricate" and "speaks for itself". "This disentitles him from the discretionary jurisdiction of the court", Sethi said. They have also challenged the constitutionality of various provisions of the PMLA, including Section 17 which gives powers of search and seizure and Section 20 relating to retention of property. [Full Article...]

Mark Zuckerberg says free version of Facebook will always be there

Mark Zuckerberg says free version of Facebook will always be there They committed to launching this program a few weeks ago as part of efforts to more quickly uncover potential abuse of people's information. In it, the Facebook founder addresses the Cambridge Analytica scandal and Russian election interference, saying that the company has taken steps to prevent Facebook from being being used for "harm". [Full Article...]

Britons taking European Union citizenship boomed in Brexit vote year

Britons taking European Union citizenship boomed in Brexit vote year To improve our already impressive record of working together in business, we need to make it even easier for United Kingdom and South African companies to operate in each other's markets, to overcome any regulatory barriers that make trade more expensive. [Full Article...]

Cibc Bank USA Sells 1127 Shares of ExxonMobil (XOM)

Cibc Bank USA Sells 1127 Shares of ExxonMobil (XOM) Exxon Mobil Corporation (NYSE: XOM ), a Basic Materials sector firm, traded 4.23 Billion shares in last trading session and stock rose 2.94% with closing price of $77.07 per share. Corporate investors have 54.40% stake in the business as Beta Factor, which is commonly used to evaluate perils of the safety measures, was 0.91. That's change of 0.01, from 2017Q3's 0.85. [Full Article...]

US Fed officials discuss possibility of faster future rate hikes

US Fed officials discuss possibility of faster future rate hikes It states all participants agreed the outlook for the economy beyond the current quarter had strengthened in recent months. The Fed's target range for its benchmark lending rate is now between 1.50 and 1.75 per cent. On the subject of the recent bout of volatility in global financial markets, "a few" policymakers were concerned that a lengthy period with the economy operating above its potential... [Full Article...]

Enforcement actions at watchdog agency halt under Trump

Enforcement actions at watchdog agency halt under Trump Maloney asked Mulvaney to explain how many enforcement actions the CFPB has launched since he took over, amid controversy, last fall. The CFPB remains an "unaccountable" agency with too much power, Hensarling said, but there was now one major distinction: "Acting Director Mulvaney acts lawfully". [Full Article...]

3 things Donald Trump did wrong in his taunting Russian Federation tweet

Bouthaina Shaaban told al-Mayadeen that the Syrian government and its main ally Russian Federation had made preparations after Israel's strike on Sunday against the T-4 airfield near Homs, the channel reported . In a later tweet the US President appealed to his Russian counterpart Mr Putin to "stop the arms race". Asked about Trump's tweet about an impending attack on Syria , former Defens... [Full Article...]

Cristiano Ronaldo scores injury-time penalty as Real Madrid break Juventus hearts

Cristiano Ronaldo scores injury-time penalty as Real Madrid break Juventus hearts Inside the second minute of the game, Douglas Costa drove towards the Real Madrid defence before Sami Khedira clipped a delightful ball in towards the far post, where an unmarked Mandzukic was waiting to head the ball beyond Keylor Navas . [Full Article...]

Credit Suisse Group Increases Bank of America (BAC) Price Target to $36.00

Credit Suisse Group Increases Bank of America (BAC) Price Target to $36.00 Rothschild Asset Management Inc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $311.63B market cap company. As the P/E goes up, it shows that current investor sentiment is that the company is worth more. BAC's beta is 1.37 whilst the stock has an average true range ( ATR ) of 0.87. [Full Article...]

Trader's Buzzers -: Alibaba Group Holding Limited (NYSE:BABA)

Trader's Buzzers -: Alibaba Group Holding Limited (NYSE:BABA) Ancora Advsr Ltd Co owns 115,491 shares. The average true range of the stock is observed at 6.64 and the relative strength index of the stock is recorded at 47.17. Change of 2.19% for Alibaba Group Holding Limited American Depositary ( NYSE : BABA)'s shares shorted was noted. The PT suggests a potential upside of 23.66 % from the last price of Alibaba Group Holding ( NYSE : BABA ). [Full Article...]

European Commission Investigators Reportedly Raided Rupert Murdoch Fox Offices in London

The European Commission said it carried out inspections in several EU countries of companies working in media rights related to sports events and their broadcasting. Fox has responded by proposing the sale of TV channel Sky News to Disney, while also offering to ring-fence the 24-hour news channel instead. Rival media company Comcast launched a £22.1 billion takeover bid for Sky in February. [Full Article...]

Uber to add more transportation options in its app

Uber to add more transportation options in its app Uber partner organisations include the National Transport and Safety Authority (NTSA), MP Shah Hospital, emergency services company Flare, auto dealer Toyotsu, Huawei, Techno, Essilor, Kingsway, and Telkom Kenya. Uber is also expanding Uber Bike by JUMP to Washington, D.C., following its rollout in San Francisco earlier this year, and new efforts to promote vehicle sharing. [Full Article...]

Investment, household consumption to boost Indonesia`s economy: ADB

Investment, household consumption to boost Indonesia`s economy: ADB The ADB said growth picked up across most of the economies in developing Asia and supported by continued high demand for exports and rapidly expanding domestic demand. Cambodia's agriculture was projected to grow 1.8 percent in 2018. Growth in Southeast Asia is forecast at 5.2 percent for this year and next, the same pace as 2017, while Central Asia is projected to slow to 4 percent in 2018 befo... [Full Article...]

Russian Federation blocks US Syria resolution at the UN

Russian Federation blocks US Syria resolution at the UN It was not immediately clear whether the announcement would delay or prevent a USA strike in Syria . Boris Johnson has criticised Russian Federation after it vetoed an American-drafted resolution at the United Nations to create a new body to determine responsibility for the suspected Syria chemical weapons attack. [Full Article...]

Facebook, Inc. (FB) Trading at $160.64 Forms Bearish H&S Chart Pattern

Facebook, Inc. (FB) Trading at $160.64 Forms Bearish H&S Chart Pattern Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. The rating was maintained by JP Morgan with "Overweight" on Thursday, April 28. The company rating was maintained by Cowen & Co on Thursday, January 4. [Full Article...]

Ally Financial INC Decreased Its Stake in Bp Plc (BP)

Ally Financial INC Decreased Its Stake in Bp Plc (BP) BP p.l.c. (BP) has been given an average price target of $44.64 from analysts, according to data collected by Finviz. The recent session has given its stock price a 23.44% up lead over its 52-week low and showed lower move of -6.40% over its 52-week high. [Full Article...]


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