UK takeover panel rules Disney must offer to buy all of Sky Britain’s takeover regulator ruled on Thursday that Walt Disney (DIS.N) must make an offer for the whole of Sky if it succeeds in buying Twenty-First Century Fox assets, including its 39 percent stake in the European pay-TV company. […]
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Easing Middle East anxiety helps stocks recover European shares began to recover on Thursday as Wall Street futures pointed to a positive U.S. open, with investors’ anxiety over a threatened clash between Western powers and Russia in Syria easing ahead of a strong U.S. earnings season. The ratcheting up of […]
Ford to ramp up Lincoln rollout in China in bid to catch rivals: sources Ford Motor Co’s (F.N) premium Lincoln brand plans to build as many as five new vehicles in China by 2022, according to two U.S. sources, in a move to expand sales in the world’s largest vehicle […]
BlackRock sails to higher profit despite market churn BlackRock Inc (BLK.N), the world’s largest asset manager, reported first-quarter profit that exceeded Wall Street estimates on Thursday, benefiting despite higher volatility in global markets. BlackRock said its iShares family of exchange-traded funds (ETFs) added $34.65 billion in new money in the […]
China’s Xi renews vow to open economy, cut tariffs as U.S. trade row deepens Chinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products like cars, in a speech seen as an attempt to defuse an escalating trade dispute with the […]
Brent hits highest since 2014 after Trump warns missiles ‘will be coming’ Some major airlines were re-routing flights on Wednesday after Europe’s air traffic control agency warned aircraft flying in the eastern Mediterranean to exercise caution due to possible air strikes on Syria. Trump has criticized Moscow for standing by […]
Second day of U.S. congressional hearings awaits Facebook CEO Zuckerberg The internet magnate is scheduled to testify at 10 a.m. EDT (1400 GMT) before the U.S. House of Representatives Energy and Commerce Committee, a day after he appeared for nearly five hours before a U.S. Senate hearing. Zuckerberg, wearing a […]
Zuckerberg resists effort by U.S. senators to commit him to regulation Facebook Inc Chief Executive Mark Zuckerberg on Tuesday navigated through the first of two U.S. congressional hearings without making any further promises to support new legislation or change how the social network does business. During nearly five hours of […]
European shares rise after China’s Xi backs away from trade war European shares rose on Tuesday after Chinese President Xi Jinping promised to cut import tariffs, fuelling optimism that a trade war between his country and the U.S. could be averted. Gains were widespread, with the STOXX 600 closing up […]
BlackRock to offer new funds that exclude stocks of gun makers and retailers including Walmart The world’s largest asset manager has created two new exchange-traded funds and a series of new index-tracking products for pensions and employee retirement plans that exclude stocks of gun makers and large gun retailers. The […]
