Finance

Justice Department appeals their loss in AT&T - Time Warner merger case

Justice Department appeals their loss in AT&T - Time Warner merger case The resulting AT&T-Time Warner megacompany retained ownership of Warner Bros ., HBO and Turner. Some legal experts believe the government could have a hard time convincing the appeals court to overturn Leon's ruling. The appeal could be seen as a warning sign for companies that have pursued their own mergers in the wake of Leon's decision, Kimmelman added. Just a day after Leon ruled , Comcas... [Full Article...]

Oil pares losses after biggest USA crude stock draw since 2016

Oil pares losses after biggest USA crude stock draw since 2016 Turning to recent developments, Libya's National Oil Corporation (NOC) has lifted a force majeure on four major oil ports. That potentially adds to disruptions in other oil producers amid tensions in the Middle East. "That basically took the wind out of the sails from the market", said Phil Flynn, analyst at Price Futures Group in Chicago. Close American allies such as South Korea and Japan ... [Full Article...]

Province adds up cost of ending STC service

Province adds up cost of ending STC service A company based in northwestern Ontario says it's ready to fill some of the gaps in service left by Greyhound in Manitoba and Saskatchewan. It could potentially spell the end of public transit service in Thompson, which contracted Greyhound to drive, maintain and store two city-owned buses. [Full Article...]

China trade surplus with USA widens unexpectedly

China trade surplus with USA widens unexpectedly For January-June China's trade surplus with the United States rose to $133.76 billion, compared with about $117.51 billion in the same period past year. Amy Zhuang has warned that there could be knock-on effects if the United States proceeds with its proposal for a new round of tariffs on $200bn of Chinese goods. [Full Article...]

Trump Claims Victory at NATO Summit, Boasts of U.S. Weapons Sales

Trump Claims Victory at NATO Summit, Boasts of U.S. Weapons Sales The mercurial tycoon said before leaving Washington that his meeting in Helsinki with Russian President Vladimir Putin on Monday "may be the easiest" part of his European tour, which also includes a trip to Britain, where the government is in crisis over Brexit. [Full Article...]

Trump Says Committed to North Atlantic Treaty Organisation as Allies up Spending

Italian Prime Minister Giuseppe Conte said flatly that he agreed "no increase in spending" beyond that previously agreed by Rome, which previous year spent 1.1 percent on defence and is labouring under heavy debts that severely limit its options. [Full Article...]

Trump says May 'wrecked Brexit' in bombshell interview

Trump says May 'wrecked Brexit' in bombshell interview The news of the interview broke in tweets from a Sun reporter while Mr. Trump was at a gala with May to commemorate his visit. There is one person in Britain that Mr Trump is a fan of - Her Majesty, the Queen. The British government published its long-awaited Brexit blueprint on Thursday that it hopes will restart talks with the European Union, but its launch was mired in farce after a protest... [Full Article...]

Woolies, IGA, ALDI veggies recalled after listeria outbreak

Woolies, IGA, ALDI veggies recalled after listeria outbreak It can contaminate a wide variety of food types, including meat and meat products, dairy products both unpasteurised and pasteurised, fresh and frozen produce and ready-to-eat products. Greenyard is mainly active in the distribution of fresh products, such as vegetables, fruit, flowers and plants. The company operates in 27 countries. [Full Article...]

Bank of Canada raises its benchmark interest rate to 1.5%

Bank of Canada raises its benchmark interest rate to 1.5% The decision , a move that will likely prompt Canada's big banks to raise their prime rates, arrived in the middle of a trade dispute between Canada and the United States that's expected to hurt both economies. The rate increase, by a quarter of a percentage point, took the bank's overnight interest rate to 1.50 percent, still well below the "neutral" rate of 2.5-3.5 percent the bank sees as a swe... [Full Article...]

Pfizer rolls back drug price hikes after Trump talks

Pfizer rolls back drug price hikes after Trump talks It was followed by other pharma companies. Pharmaceutical company Pfizer said in a statement Tuesday that CEO Ian Read had agreed to "defer the company's price increases that were effective on July 1 to give the president an opportunity to work on his blueprint to strengthen the healthcare system". [Full Article...]

‘Totally unacceptable’: Beijing vows retaliation if USA taxes $200bn of Chinese goods

‘Totally unacceptable’: Beijing vows retaliation if USA taxes $200bn of Chinese goods Thursday's gains in Asian equities come as China guided the yuan to its largest one-day drop against the us dollar in a year and a half. "As a result of China's retaliation and failure to change its practices, the President has ordered USTR to begin the process of imposing tariffs of 10 percent on an additional $ 200 billion of Chinese imports", U.S. [Full Article...]

Turkey's army may come under authority of defense ministry: Erdogan

Turkey's army may come under authority of defense ministry: Erdogan Marc Pierini, a former European Union ambassador to Turkey and a visiting scholar at Carnegie Europe, said Erdogan's new powers would effectively make him a "super-executive president". Among the dignitaries present at the ceremony were Venezuelan President Nicolas Maduro, Russian Prime Minister Dmitry Medvedev and Sudanese President Omar Hassan al-Bashir. [Full Article...]

Murdoch’s Fox raises bid for Sky to $32.5 billion

Murdoch’s Fox raises bid for Sky to $32.5 billion Jeff Wlodarczak at Pivotal Research Group said Comcast may succeed in winning Sky but lose out on Fox to Disney . Comcast may instead try to get the Sky network, which Fox now owns 39% of the company. A spokesman for Comcast declined to comment on how the company will respond. Murdoch's company still faces significant regulatory battles in Britain, including the culture secretary's statemen... [Full Article...]

Trump preparing additional tariffs on $200B in Chinese goods

Trump preparing additional tariffs on $200B in Chinese goods These groups and their GOP members of Congress - previously broadly supportive of Mr. Trump - have begun agitating for the President to ease up in his trade war . 'Tariffs on $200 billion in Chinese products amounts to another multibillion-dollar tax on American businesses and families, ' trade lawyer Scott Lincicome said. [Full Article...]

BMW agrees US$4.7b contract with China's CATL for battery cells

BMW agrees US$4.7b contract with China's CATL for battery cells News of the battery factory has been swirling around for weeks, and BMW confirmed today that it had committed to sourcing €4 billion ($4.7 billion) worth of battery cells from CATL once the factory in Erfurt is up and running in 2021. "I don't rule it out", he said. The company sold 560,000 BMW brand vehicles to customers in China in 2017, more than the US and Germany combined. [Full Article...]

Bank of Canada delivers another hike, key interest rate rises to 1.5%

The Bank of Canada will also release its updated economic projections today in its latest edition of its quarterly monetary policy report . The decision will likely prompt Canada's big banks to raise their prime rates, thereby passing on the rate increase along to their customers. [Full Article...]

Chinese PM says a trade war benefits no-one

Chinese PM says a trade war benefits no-one China retaliated with tariffs on a similar amount of goods. "We absolutely will not fire the first shot and will not implement tariff measures ahead of the United States doing so", a customs officer stated. "We can expect job losses and a decline in investor and consumer confidence", longtime Beijing-based attorney James Zimmerman tells NPR's Rob Schmitz . [Full Article...]

Iran warns India of curtailing special privileges if oil imports reduced

Iran warns India of curtailing special privileges if oil imports reduced On Tuesday, Iran's deputy ambassador and charge d'affaires, Massoud Rezvanian Rahaghi, clearly announced that India will lose its "special privileges" if it cuts down on its import of Iranian oil or if it tries to replace the oil with imports from Saudi Arabia , Russia, Iraq , the U.S. [Full Article...]

Iran Unfazed By US Sanction Threats

Iran Unfazed By US Sanction Threats Zanganeh added the United States president's order is an insult to the national sovereignty of these independent governments and nations. Iranian Oil Minister Bijan Namdar Zanganeh said the country's oil production and exports have not changed significantly despite US efforts for disrupting Iran's market, IRIB reported on Saturday. [Full Article...]

Dog on JetBlue flight given oxygen mask

Dog on JetBlue flight given oxygen mask While en route from Florida to Massachusetts, Darcy suddenly started struggling to breathe and her tongue turned blue. Darcy, the 3-year-old French bulldog, was all smiles Monday at her home in Westminster. "So, I called the captain and I told him, said, 'I think I need to use some oxygen, ' and he said, 'Go ahead, '" said flight attendant Renaud Fenster. [Full Article...]


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