Markets

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

Lighthizer said. "We certainly want to have an agreement with Canada". Trudeau appeared on the panel alongside Foreign Minister Chrystia Freeland, who is leading NAFTA talks. Whether the US could actually proceed with a separate bilateral deal with Mexico, absent Canada, is a matter of debate. Washington and Mexico City last month announced agreement on a new trade pact, but a separate track o... [Full Article...]

Canada Ties Can Survive Trade Friction, Trudeau Says

Canada Ties Can Survive Trade Friction, Trudeau Says Under U.S. trade law, the administration is required to submit to Congress a finalized, written agreement 60 days before it intends to sign it. U.S. If a three-way deal isn't reached soon, the USA will break up the world's largest free-trade zone and instead pursue separate bilateral deals with Canada and Mexico, Mr. [Full Article...]

Michael Kors is buying Versace for $2 billion

Michael Kors is buying Versace for $2 billion The US fashion company also said Versace will fall under its "Capri Holdings" banner upon the closing of the deal, alongside Michael Kors itself and and Jimmy Choo. The deal is expected to close in the fourth fiscal quarter, subject to regulatory approvals. Michael Kors, best known for its bags, watches and perfume , said it planned to grow the number of Versace stores worldwide by 50% to 300... [Full Article...]

Microsoft Office 2019 for Mac brings loads of new features

Microsoft Office 2019 for Mac brings loads of new features And he neatly cleared up the confusion. Microsoft has announced that Office 2019 has been released for Windows and Mac. It's what the firm now calls the "perpetual" version of Office, or what old-timers like myself might still call "on-premises". [Full Article...]

Comcast trumps Murdoch with €34bn offer to win control of Sky

In December 2016 it seemed that Murdoch would once again take control of Sky by pickup up the remaining 61 percent for £11.7 billion, but the deal stalled amid regulatory concerns and increased interest from Fox's competitors. It is expected to use Sky's assets to generate TV streaming services once the deal completes before the end of October. Comcast believed it needed to deliver a knockou... [Full Article...]

Facebook's Woes Grow As Instagram Co-Founders Reportedly Bail

Facebook's Woes Grow As Instagram Co-Founders Reportedly Bail Mr Systrom and Mr Krieger did not give a reason for their departure, according to the people, but said they planned to take time off after leaving Instagram. "Kevin and Mike are extraordinary product leaders and Instagram reflects their combined creative talents", Zuckerberg said. A spokeswoman for Facebook deferred comment to Instagram. [Full Article...]

Gold Prices Fall As US-China Trade Spat Intensifies

Gold Prices Fall As US-China Trade Spat Intensifies The US has "made a series of false accusations, and used increasing tariffs and other means of economic intimidation, to try to impose its own interests on China by way of extreme pressure ", the State Council (cabinet) said in a white paper on trade and economic tensions with Washington. [Full Article...]

OIL PRICE CRISIS: Iran terror attack could send oil prices SKY-ROCKETING

OIL PRICE CRISIS: Iran terror attack could send oil prices SKY-ROCKETING At press time, Brent's front-month contract $79.47 per barrel, up 1.57 percent on the day. That's the highest price for Brent since it touched $80 a barrel briefly in May. Somebody is going to be wrong on the outlook for the crude oil price , as the market can not be well-supplied and increasingly tight at the same time. [Full Article...]

Rod Rosenstein, who had been overseeing Russia probe, has offered to resign

Rosenstein a year ago talked with other officials about invoking the 25th Amendment and wearing a wire during meetings with Trump. It turns out Rosenstein was at the White House Monday, but only to fill in at a meeting for Attorney General Jeff Sessions . [Full Article...]

Singapore competition watchdog fines Uber, Grab more than S$13m for merger

Singapore competition watchdog fines Uber, Grab more than S$13m for merger The ridehailing giant was hit with a $4.8m (£3.7m) fine by Singapore's Competition and Consumer Commission after an investigation into its merger with local rival Grab . The CCCS's solution does not merely extend to fines. Grab's fares also were found to have climbed between 10 percent and 15 percent following the Uber deal, said CCCS. [Full Article...]

U.S. 'dream' of halting Iran's oil exports won't come true: minister

Brent crude rose more than 3% to more than $81 a barrel on Monday, its highest level since November 2014. Oil leaped after the world's top producers made a decision to maintain output during a meeting in Algeria at the weekend. Trump wrote on Twitter on Thursday that "we protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push fo... [Full Article...]

SiriusXM buying Oakland-based Pandora Media in $3.5 billion deal

SiriusXM buying Oakland-based Pandora Media in $3.5 billion deal Sirius XM already has a 15 per cent stake in Oakland, California-based Pandora , the companies said in a statement Monday. SiriusXM had already invested $ 480 million to buy 19% of Pandora's stock previous year, and it was widely reported to be looking at a full purchase. [Full Article...]

Could you stay 30 hours in a coffin?

Could you stay 30 hours in a coffin? The Six Flags website states: "Coffin dwellers will be allowed to bring a friend along during Fright Fest operating hours, but they must courageous the non-operating hours alone". Six coffin dwellers will be chosen and the one that lasts the longest will win the money, season passes to the park and many other dreadfully wonderful prizes, including the coffin. [Full Article...]

Randgold, Barrick Gold confirm merger creating $18.3B mining giant

Randgold, Barrick Gold confirm merger creating $18.3B mining giant In Barrick's case, a merger would help the miner boost output at a time when the stock has been punished for the company's stagnant pipeline. Both Thornton and Randgold's Chief Executive Officer Mark Bristow are outspoken leaders with strong visions. [Full Article...]

Michael Kors to take control of Italy's Versace

Michael Kors to take control of Italy's Versace The Versace family, which owns the rest of the company will keep a role. Bloomberg and Reuters news agencies later reported the buyer would be fashion group Michael Kors . After investing in Versace at a high multiple, Blackstone found the fashion group's performance disappointing and not sufficient to justify a market listing, said one of the sources, who is close to the family. [Full Article...]

Pandora is being purchased by SiriusXM for $3.5 billion

The addition of Pandora diversifies SiriusXM's revenue streams with the U.S.'s largest ad-supported audio offering, broadens our technical capabilities, and represents an exciting next step in our efforts to expand our reach out of the vehicle even further. [Full Article...]

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

Saudi Arabia , OPEC's biggest producer, says it can add an extra 1.5 million barrels per day - about 1.5 percent of world demand - to the market. The lukewarm response to Trump's tweet has seen global crude futures spike in Asian trade with both Brent and WTI front-month contracts jumping more than 1% to $79.88 and $71.60 per barrel respectively. [Full Article...]

Petrol crosses 90 mark in Mumbai, shoots up in other cities

Petrol crosses 90 mark in Mumbai, shoots up in other cities A litre of petrol was being sold in Mumbai at the rate of Rs. 90.08, according to the website of International Olympic Committee, the largest fuel retailer of the country. The rates went up in other metros too; petrol costs Rs 84.54 per litre in Kolkata, and Rs 85.99 per litre in Chennai. Maharashtra levies 25 per cent value-added tax (VAT) on petrol in Mumbai, in addition to a surcharge of Rs 9 f... [Full Article...]

OPEC raises forecast based on USA oil production

In its latest forecast on the global oil landscape, the Organization of the Petroleum Exporting Countries said it expects US shale growth to "slow significantly" after 2023, before peaking at 14.3 million barrels a day between 2027 and 2028. [Full Article...]

Porsche ends diesel production for good

It is, and will remain, an important propulsion technology. "We as a sports auto manufacturer, however, for whom diesel has always played a secondary role, have come to the conclusion that we would like our future to be diesel-free". Nevertheless, Porsche's image has suffered . It has not had a diesel in its line up since February. The company will introduce the Taycan model next year, the ... [Full Article...]


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