Markets

Markets Comcast reaches for Sky, wins
Author: 0 Comcast reaches for Sky, wins

Sky shareholders will have to approve Comcast's offer. Yesterday saw Murdoch's Fox, and United States cable-TV giant Comcast, counter-bidding. A bidding war emerged last December, when Comcast made an offer for Fox's entertainment assets, which Walt Disney Co.is in the process of buying for about $71 billion (54 billion pounds).

Markets Death of diesel cars - Porsche ditches diesel engines after VW emissions scandal
Author: 0 Death of diesel cars - Porsche ditches diesel engines after VW emissions scandal

The company hasn't had a diesel auto in its portfolio since February and hasn't offered a diesel model in the United States since November of 2015, a Porsche spokesperson told CNN. "Still, Porsche's image has suffered ". The company will introduce the Taycan model next year, the brand's first fully-electric sportscar based on the Mission E concept vehicle.

Markets Australian broadcaster ABC's board sacks managing director
Author: 0 Australian broadcaster ABC's board sacks managing director

Michelle Guthrie , ABC's managing director who was sacked by the board this morning, is considering her legal options, claiming the board had no grounds to terminate her employment. He added the directors felt the ABC "would do better under different leadership" but that she had "done a good job". While my contract permits the board to terminate my appointment without cause and with immediate effect , I believe there is no justification for the board to trigger that termination clause.

Markets Iran says Europe offers new trade proposals amid US sanctions
Author: 0 Iran says Europe offers new trade proposals amid US sanctions

During the previous sanctions, India used to make payments through Ankara-based Halk Bank and UCO Bank . In May, U.S. President Donald Trump withdrew from a 2015 nuclear accord with Iran and ordered the renewal of U.S. UCO Bank and IDBI Bank have been identified to route the payment as the two have no exposure to the United States financial system. "Chabahar is a very important project for us, not only for access to Afghanistan and Central Asia , but also for Afghanistan itself", he ...

Markets Lower oil prices now
Author: 0 Lower oil prices now

US refineries produced about 10.3 million barrels of gasoline a day last week, down by 100,000 barrels compared with the prior week. West Texas Intermediate (WTI) for October delivery price settled 1.8 percent higher with the support of high USA crude oil exports information released by EIA.

Markets Coca-Cola looking at cannabis-infused drinks
Author: 0 Coca-Cola looking at cannabis-infused drinks

BNN Bloomberg reported that Coca Cola was in "serious talks" with Canadian cannabis producer Aurora Cannabis to develop CBD-infused adult enhancement drinks. After the legalisation of the Cannabis in USA and Canada, people are more interested in welcoming the drug-infused products and this initiative might be a starter for a big revolution in beverage manufacturing.

Markets Oil prices fall as U.S.-China trade war clouds demand outlook
Author: 0 Oil prices fall as U.S.-China trade war clouds demand outlook

U.S. West Texas Intermediate ( WTI ) futures rose 28 cents to $69.27 a barrel after posting a drop of 20 cents earlier in the trading session. The country's oil exports fell to 7.12 million barrels per day (bpd) last month from 7.24 million bpd, according to figures from the Joint Organizations Data Imitative.

Markets Passengers bleed after crew forgets to maintain cabin pressure
Author: 0 Passengers bleed after crew forgets to maintain cabin pressure

After we took off the AC malfunctioned, then air pressure system malfunctioned too&oxygen masks came out. In January, Jet Airways grounded two pilots following reports of a fight inside the cockpit of a flight from London to Mumbai . A Jet Airways plane at Indira Gandhi International Airport in New Delhi earlier this month. The five passengers - Anveshan Ray (39), Mukesh Sharma (31), Vikas Agarwal (31), Damodar Das (37) and Ankur Kala (38) - were examined by ENT specialists at the ...

Markets UBS analyzes Audi e-Tron impact - Audi AG (OTCMKTS:AUDVF)
Author: 0 UBS analyzes Audi e-Tron impact - Audi AG (OTCMKTS:AUDVF)

All e-trons will have a 95-kilowatt-hour battery pack under the floor that has its own temperature management system to recover heat waste and help condition the cabin as well as extend range. Owners who spec the streamlined side cameras, which take the place of conventional wing mirrors, will get a further two screens on the edges of the dashboard displaying live images.

Markets China Trade Friction May Last 20 Years: Jack Ma
Author: 0 China Trade Friction May Last 20 Years: Jack Ma

Ma said that the us -initiated trade war is "against China", and also disapproved his country's policies requesting the leaders to open up the market and seize the situation as an opportunity to upgrade. He said Alibaba has always worked towards the goal of "making it easy and fun to do business". He said new trade rules are desperately needed over the long-term.

Markets U.S. consumers may bear brunt of Trump's tariffs
Author: 0 U.S. consumers may bear brunt of Trump's tariffs

Economists at UBS Group AG say even a 10 percent tariff would slow the USA economy in the fourth quarter by enough to stop the Federal Reserve hiking interest rates again in December. The U.S. -China trade war will last not for 20 months or 20 days, but "maybe 20 years", he said. He also threatened to go after all Chinese goods. China's Foreign Ministry said it will respond to Trump's latest round of tariffs with duties on more than 5,200 types of American imports, including industrial ...

Markets McDonald's is giving away FREE cheeseburgers tomorrow
Author: 0 McDonald's is giving away FREE cheeseburgers tomorrow

To celebrate National Cheeseburger Day, IHOP is giving away a free side of its buttermilk pancakes or limited-time pumpkin spice pancakes with the purchase any IHOP Ultimate Steakburger. It's all about the app these days! Red Robin : Purchase any beverage when you dine at Red Robin on National Cheeseburger Day, 9/18/18, and you can get a Gourmet Cheeseburger with Bottomless Steak Fries for only $5.

Markets United Kingdom needs second plan in case 'Chequers' fails: Brexit committee head
Author: 0 United Kingdom needs second plan in case 'Chequers' fails: Brexit committee head

In a letter to EU leaders he said they should discuss arrangements for the "final phase" of the Brexit talks "including the possibility of calling another European Council in November". United Kingdom customs officers would charge different tariffs at the borders for goods bound for the domestic or European markets. He reiterated he was equally keen to prevent a hard border between Northern Ireland and Scotland as between Northern Ireland and the Republic.

Markets Amazon investigating claims of bribes and leaked data
Author: 0 Amazon investigating claims of bribes and leaked data

Amazon's customer review system is an integral part of the site , and many shoppers depend on it, even subconsciously, when choosing between various items. They referred to an average of $300 to remove a bad product review. These middlemen apparently use Chinese messaging service WeChat to make such deals.

Author: 0 Trump imposes tariffs on $200B more of Chinese goods

So far in an ongoing trade war , China has matched new U.S. tariffs on goods. President Donald Trump has been upset at the size of the USA trade deficit with China and has instigated a trade war with the country in an attempt to lower the gap between the value of Chinese imports of US goods and US imports of Chinese goods.

Markets U.S. imposes new $200 billion tariffs on China
Author: 0 U.S. imposes new $200 billion tariffs on China

Last week, the American Chambers of Commerce in China and in Shanghai reported 52 percent of more than 430 companies that responded to a survey said they have faced slower customs clearance and increased inspections and bureaucratic procedures.

Author: 0 China says to 'take countermeasures' after new United States tariffs

What is on the new list? The new tariffs reportedly apply to more than 5,000 items including handbags, rice and textiles. "Most of our member companies are "in China , for China" - selling goods to Chinese companies and consumers, not to Americans - and thus ultimately boosting the USA economy", Jarrett said.

Markets Trump raises stakes with new round of China tariffs
Author: 0 Trump raises stakes with new round of China tariffs

The latest levies are set to go into effect September 24 and remain at 10 percent until the end of the year. Trump's latest escalation of tariffs on China comes after several meetings yielded no progress. Billions of Dollars is being spent on new plants all around the country!' he wrote. Fresh trade talks had been proposed by Treasury Secretary Steven Mnuchin to begin around September 20.

Author: 0 Trump announces new tariffs on $200 billion in Chinese goods

As the trade war unfolds on the worldwide stage, analysts say Mr Trump's brash approach to try to win concessions from Beijing has provoked a public fury that could ultimately thwart his efforts. That would mean imposing new taxes on all of the goods the USA imports from China. To counter China's unfair practices, he had announced on June 15 that the USA would impose tariffs of 25 percent on United States dollars 50 billion worth of Chinese imports.

Markets Govt proposes merger of Bank of Baroda, Dena and Vijaya Bank
Author: 0 Govt proposes merger of Bank of Baroda, Dena and Vijaya Bank

In a separate statement. the government said: "Leveraging of networks, low-priced deposits and subsidiaries of the three banks has the potential of yielding significant synergies for positioning the consolidated entity for substantial rise in customer base, market reach, operational efficiency, wider bouquet of products and services, and improved access for customers".

Author: 0 U.S. impose new $200bn tariffs on China imports

In a statement, the United States president said further tariffs worth $267bn (£203bn) will be placed on Chinese imports if Beijing takes "retaliatory action against our farmers or other industries". "Fortunately, the U.S. economy is humming, so we don't have to worry as much about what this will do to our economy". But if the Trump adminstration enacts a further $267 billion round of tariffs, the iPhone, along with all other smart phones, are likely to be included in the list.

Author: 0 USA ready for China trade deal when Beijing is 'serious'; Kudlow

In early morning tweets, Trump said imposing tariffs strengthened the United States' bargaining position and that so far any cost increases on goods had been "almost unnoticeable". Lou was finance minister through 2016 and serves as chairman of China's 1.9 trillion yuan ($290 billion) National Social Security Fund, which manages assets of government pension plans.

Markets Coca-Cola Is in Talks to Make Marijuana-Infused Drinks
Author: 0 Coca-Cola Is in Talks to Make Marijuana-Infused Drinks

It is the non-psychoactive chemical component of marijuana used for medicinal goal which doesn't produce the high that usually comes from tetrahydrocannabinol (THC). With Canada legalizing recreational use of the cannabis drinks, the Coca Cola Co. The company last month said it would acquire the Costa Coffee chain for $5.1 billion .

Author: 0 Tech company boss, wife buy Time magazine for $190 million

Speaking on the purchase of Time magazine by Salesforce.com Marc Benioff , Meredith president and CEO Tom Harty said that they are pleased to find such passionate buyers - Marc and Lynne Benioff - for the established brand. The company expects to announce agreements for these sales "in the near future". Benioff, who ranks 246th on Bloomberg's billionaire's list , is promising a similar arrangement with Time .

Markets Oil prices rise as focus returns to supply concerns
Author: 0 Oil prices rise as focus returns to supply concerns

Although the EIA does not publish crude production forecasts for Russia and Saudi Arabia in its short term outlook, it expects that US output will continue to exceed Russian and Saudi production for the remaining months of 2018 and through 2019.

Markets Man reportedly eats strawberry with needle inside, police confirm 4 ‘contamination’ incidents
Author: 0 Man reportedly eats strawberry with needle inside, police confirm 4 ‘contamination’ incidents

Queensland Police Service's Detective Acting Chief Superintendent Terry Lawrence encouraged anyone with information that could help the investigation to call Crime Stoppers on 1800 333 000. Strawberries from Berry Obsession and Berry Licious have been contaminated with sewing needles. Investigators have also now confirmed a fourth contamination incident as having occurred in a punnet of strawberries.

Markets Regional Pot Workers Could Face Lifetime Ban From US News Centre News
Author: 0 Regional Pot Workers Could Face Lifetime Ban From US News Centre News

Todd Owen, executive assistant commissioner for the Office of Field Operations, told Politico that border officials will question Canadians about their marijuana use if they have cause to do so. "Despite one-in-eight Canadians using cannabis today, 400,000 people move between our two countries every day nearly entirely without incident", Goodale spokesman Scott Bardsley said by email.

Markets FDA takes 'ancient action' on formative years e-cigarette 'epidemic'
Author: 0 FDA takes 'ancient action' on formative years e-cigarette 'epidemic'

The FDA is calling the use of e-cigarettes by young people an epidemic. "E-cigs non-public changed into an almost ubiquitous - and unhealthy - pattern among young of us". There will also be regulations about making health claims about vaping, a ban on candy and dessert flavouring and more control over who can access the products.

Markets Turkey central bank stuns markets with giant rate hike
Author: 0 Turkey central bank stuns markets with giant rate hike

The bank had faced a dilemma, and still does. Facing a deep slide in the lira and a steep run higher in inflation, the central bank felt compelled to lift rates to restore investor confidence-a risky gambit that boosted the lira but could further damage the economy .

Markets Oil Falls on Rising OPEC Production
Author: 0 Oil Falls on Rising OPEC Production

In its monthly report, OPEC said world oil demand next year would rise by 1.41 million barrels per day (bpd), 20,000 bpd less than last month and the second consecutive reduction in the forecast. "Hence, world oil demand growth is now pegged at 1.62 Mmbpd for 2018, with total global consumption at 98.82 Mmbpd", it said. India , along with some other countries, has sought " waivers " from Washington that would allow them to continue to import Iranian oil and avoid retaliation from the USA ...

Markets Jeff Bezos says Trump is wrong to 'demonize the media'
Author: 0 Jeff Bezos says Trump is wrong to 'demonize the media'

Amazon CEO Jeff Bezos , who typically tries to stay out of the political fray, has mounted a vigorous defence of press freedom, saying President Donald Trump should be "glad" to face media scrutiny. Most important among those will be genuine, intense customer obsession. Bezos said early childhood education is a critical area and that "the money spent there is going to pay huge dividends for decades".

Markets Canada's Freeland returns to Washington for NAFTA talks
Author: 0 Canada's Freeland returns to Washington for NAFTA talks

After more than a year of negotiations, Canada and the United States are still trying to resolve differences over the North American Free Trade Agreement , which also includes Mexico. "Maybe that helps us all put into perspective the negotiations that we're having - and also put into a little bit of historical perspective the importance and the significance of the relationship between Canada and the United States", she said of the anniversary.