Author: 0 Federal Reserve hikes interest rate, citing "strong" economy

During a late-afternoon news conference in New York, President Donald Trump said he was "not happy" about the Fed's latest rate hike. Voters on the committee backed the decision 9-0. In dropping that language, the central bank may be signaling its resolve to keep raising rates. Any signal in that change, however, is unclear. Does not change the description of the economy; repeats that jobs gains have been strong and household spending and business fixed investment have grown strongly.

Author: 0 Price of oil could reach $100/barrel by late 2018 or early 2019

The price of Brent crude oil could continue its advance as traders ignore US President Donald Trump's persistent calls for producers to raise their output. "We view that crude market risks are heavily skewed to the upside and whilst we are not explicitly forecasting Brent to rise to $100 per barrel, we see material risks of this coming to fruition", Japanese bank Mitsubishi UFJ Financial Group said in a note to clients.

Economy Fox will sell its Sky stake to Comcast
Author: 0 Fox will sell its Sky stake to Comcast

Comcast ultimately offered a further £4bn in the auction to ensure it emerged victorious in the battle for Sky, one of the Europe's most profitable media companies. It means that the Murdoch family will relinquish their holding in Sky. 21st Century Fox is the parent company of FOX Business and Fox News. "Today, Sky is Europe's leading entertainment company and a world-class example of a customer-driven enterprise".

Economy Fed Reserve Raises Rate For Third Time This Year Despite Trump's Opposition
Author: 0 Fed Reserve Raises Rate For Third Time This Year Despite Trump's Opposition

The central bank boosted the lending rate to 2.0 per cent to 2.25 per cent, a quarter-point increase in the target range, and more are on the way, with no hint of a pause. This decision will be accompanied by an updated summary of economic projections - which includes Fed officials' forecasts for GDP, inflation, and unemployment - and followed by a 2:30 p.m.

Economy Canada Not Making 'Essential' Trade Concessions, According to Lighthizer
Author: 0 Canada Not Making 'Essential' Trade Concessions, According to Lighthizer

Trump then took aim at Canada's dairy supply management system, which he said is hurting Wisconsin dairy farmers by charging them tariffs of up to 300 per cent. Trade Representative, that he would schedule a root canal operation after their next session, "just to make me feel better". If differences with Ottawa can not be resolved by then, the Trump administration will ask Congress to approve a Mexico-only deal, he said.

Author: 0 US, Mexico ready to sign new NAFTA without Canada

United States Trade Representative Robert Lighthizer walked over to the White House with his counterpart, Mexico's Secretary of Economy Idelfonso Guajardo, to announce a preliminary agreement between their two countries after four weeks of two-way talks in August.

Economy Google ends cryptocurrency advertisement ban
Author: 0 Google ends cryptocurrency advertisement ban

Alphabet Inc's (GOOGL.O) Google said on Tuesday it would allow certain regulated cryptocurrency exchanges to advertise in the United States and Japan, easing an earlier ban on all cryptocurrency ads. With cryptocurrency advertising now being partially allowed - it will be interesting to see if we see an uptick in the advertising earnings for the second half of the year.

Economy Dunkin' drops 'Donuts' from name in shift to coffee
Author: 0 Dunkin' drops 'Donuts' from name in shift to coffee

Dunkin' tested the name change in a handful of MA stores earlier this year. This undated image provided by Dunkin' shows a new Dunkin' logo that will be in restaurants in January 2019. Having " Donuts " in the name is also easier for people in overseas markets, who may not know what "Dunkin'" means. On Monday, Weight Watchers International Inc.

Economy Brent oil jumps to four-year high near $81
Author: 0 Brent oil jumps to four-year high near $81

EDT (1443 GMT) having touched a session peak of $82.22, the highest price since November 2014. J.P. Morgan wrote in its latest market outlook "a spike to $90 per barrel is likely" in the coming months due to US sanctions on Iranian oil exports, which have fallen dramatically in recent months as importers brace for the impending penalties.

Economy UK to favour skilled migration, no EU preference after Brexit
Author: 0 UK to favour skilled migration, no EU preference after Brexit

The report, by the Institute of Economic Affairs, a free-market think tank, says that Britain should drop European Union food safety regulations, which it says are not based on science, to prioritise a trade deal with the US.It also calls on the government to cut corporation tax and reduce European Union workers' rights legislation, which it claims discourages companies from hiring.Mrs May told the cabinet that there was no chance of a U-turn, however.

Author: 0 India eases oil import rules as it seeks to cut costs

General Assembly in New York City. Brent hit US$82.55 per barrel, its highest since Nov 10, 2014. "We want them to stop raising prices". The impending sanctions by the United States on Iran , the third-largest producer among OPEC, which will go into effect November 4, the rising domestic petrol and diesel prices, which touched new record highs in the backdrop of continued weakness in the rupee against the U.S.

Economy What is Labour's Brexit motion?
Author: 0 What is Labour's Brexit motion?

The government of the United Kingdom said that it planned to grant all necessary traffic rights to European airlines so that they can continue operating to and from the UK without disruption even in the case of a " no deal Brexit ". Addressing business leaders on Wednesday, May will pledge that her government will be "unequivocally pro-business" as it seeks to forge a future role outside the EU.

Economy Trump has no plans to meet Iran's 'lovely' Rouhani
Author: 0 Trump has no plans to meet Iran's 'lovely' Rouhani

Mr. Trump was supposed to start speaking around 10:15 a.m., right after Brazilian President Michel Temer , but ran late, speaking after Ecuador's President Lenín Moreno instead. Trump said in July he was ready to meet Iran's President Hassan Rohani without preconditions to negotiate a new deal. Trump said America's economy is booming like never before and since his election, the U.S.

Author: 0 Canada's PM sees possibility to build on U.S.-Mexico NAFTA deal

Freeland's spokesman, Adam Austen, said Canada would only sign a good deal. Speaking to the Concordia Summit in New York Tuesday, Mr. Lighthizer warned that Canada is "running out of time" to join a revamped NAFTA with the USA and Mexico.

Economy Michael Kors has purchased Versace for $2.12 billion
Author: 0 Michael Kors has purchased Versace for $2.12 billion

According to BBC, creative director, Donatella Versace , who ran Versace since the 1997 murder of her brother Gianni, called the sale a "very exciting moment" and "allow Versace to reach its full potential". The company hopes to more than double Versace's revenue in coming years. "My passion has never been stronger", she said in a statement . It's still trying rebuild its reputation after broadly distributing its products to department stores and outlet malls, which damaged the brand's ...

Economy Sky to accept Comcast’s £30bn takeover offer ‘immediately’
Author: 0 Sky to accept Comcast’s £30bn takeover offer ‘immediately’

Crossing the 30 percent threshold means that the US cable company must offer to buy out other investors at the formal offer price of 17.28 pounds per share, valuing Sky at around 30.6 billion pounds ($40.2 billion). We couldn't be more excited by the opportunities in front of us. Sky's board recommended accepting the offer. Rival Fox offered £15.67 per share. Neither Fox nor Disney have said what they intend to do with the stake.

Economy Instagram co-founders resign to explore 'creativity again'
Author: 0 Instagram co-founders resign to explore 'creativity again'

Kevin Systrom and Mike Krieger founded Instagram in 2010 and plan to leave the company in the coming weeks, according to the New York Times . Offered through Instagram and as a standalone app, IGTV serves up longer-length video content, mostly from popular Instagram users.

Economy China accuses Trump Administration of bullying as trade war flares
Author: 0 China accuses Trump Administration of bullying as trade war flares

With no settlement in sight, forecasters say the conflict between the two biggest economies could trim global growth through 2020. It added that China has responded to the US' tariffs by seeking common interests of not just both parties but also the global trade order, and has answered the US' concerns with the "greatest level of patience and good faith".

Economy OPEC, allies agree not to further increase oil production
Author: 0 OPEC, allies agree not to further increase oil production

Morgan said in its latest market outlook that "a spike to $90 per barrel is likely" for oil prices in the coming months. OPEC's reticence, combined with signs of accelerating supply losses from Iran, created a bullish mood the annual gathering of the Asian oil industry, traders, refiners and bankers in Singapore on Monday.

Author: 0 Rosenstein expecting to be fired, heads to White House

Rosenstein was captured by photographers leaving the White House after his meetings Monday and was led out by Kelly. The White House received the statement within an hour of the Axios story being published online, according to a source close to the White House.

Economy SiriusXM to pay $3.5 billion for Pandora
Author: 0 SiriusXM to pay $3.5 billion for Pandora

Whether or not this move helps to establish Pandora as a legitimate threat to streaming music titans Spotify and Apple Music , it seems to at least bring an expanded audience to the platform. SiriusXM said both brands will continue to exist, along with their respective products and services. "Through targeted investments, we see significant opportunities to drive innovation that will accelerate growth beyond what would be available to the separate companies, and does so in a way that ...

Author: 0 Trump tweet biggest insult to USA allies in ME: Iran

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. Furthermore, the commodity has also rallied in the wake of U.S. sanctions on Iranian oil exports and fears about OPEC-member depletion rates. Oil at US$100 may not be sustainable in the longer-term because demand may be threatened by the U.S.

Economy Could you stay 30 hours in a coffin?
Author: 0 Could you stay 30 hours in a coffin?

Participants need to bring their pillows and sleeping bags or blankets. Plus ones will be allowed during operating hours, but coffin dwellers will be alone during non-operating hours. According to the Six Flags website , "Coffin Dwellers will be chosen on Thursday, October 4 and must accept by end of day Saturday, October 6". They'll also get to keep the coffin if they fancy it, should they want to repeat the experience at home...

Economy Michael Kors snaps up Italy's Versace
Author: 0 Michael Kors snaps up Italy's Versace

It is unclear whether the Versace family, which has controlled the brand for decades, would remain as minority shareholders in the business or if Donatella Versace would stay on as creative director. Versace and Blackstone both declined to comment to Reuters. French fashion houses including Paris-based Kering ( PRTP.PA ) were among those holding talks with the Versace family, the sources said, but considered the price too expensive.

Author: 0 Oil spikes on tightening market, OPEC snubs Trump's demand for lower prices

Saudi Arabian Energy Minister Khalid al-Falih said on Sunday he does not influence oil prices , just two days after U.S. President Donald Trump called on OPEC to bring down the cost of fuel. "Today, the JMMC meeting is being held in Algeria, and I hope that the outcome of this meeting will not be affected by President Trump's threatening tweet", Zanganeh said on Sunday.

Economy Porsche abandons diesel motors
Author: 0 Porsche abandons diesel motors

Porsche downplayed its role in the massive cheating scandal and said Audi supplied its diesel engines, but nonetheless complied with the wide-ranging order. It has not had a diesel in its line up since February. The company will introduce the Taycan model next year, the brand's first fully-electric sportscar based on the Mission E concept vehicle.

Author: 0 Oil price rises as markets tighten ahead of Iran sanctions

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 for higher and higher oil prices!" Oil prices increased as United States markets tightened just weeks ahead of Washington's plan to impose new sanctions against Iran.

Economy Strawberry sabotage: Needles found in New Zealand punnet imported from WA
Author: 0 Strawberry sabotage: Needles found in New Zealand punnet imported from WA

The Countdown supermarket chain said Sunday the Choice brand has been withdrawn from stores "as a precautionary measure". The company urged NZ residents to cut up strawberries before eating them, echoing similar advice in Australia. Consumers have rallied around strawberry producers nationally after weeks of health warnings following needles discovered in three Queensland brands - Berry Licious, Berry Obsession and Donnybrook.

Economy Michelle Guthrie Fired From Position As ABC Managing Director
Author: 0 Michelle Guthrie Fired From Position As ABC Managing Director

In a statement Guthrie has said she is " devastated " by the decision "despite no claim of wrongdoing" on her part and is considering her legal options. Guthrie appointed numerous executive team, including the chief financial officer, Louise Higgins. Anderson will serve as acting managing director while Guthrie's permanent replacement is found.

Author: 0 Saudia Arabia and Russia SNUB Trump's call to boost output

Falih said returning to 100 percent compliance was the main objective and should be achieved in the next two to three months. Iran itself faces the prospect of much lower oil exports and output in coming months due to fresh USA sanctions.

Economy Trini tried stealing plane in Florida to 'harm himself'
Author: 0 Trini tried stealing plane in Florida to 'harm himself'

According to reports from U.S. news outlets, the man drove to the airport, parked at the curb, left his vehicle running, scaled a barbed-wire fence and boarded an Airbus 321 American Airlines aircraft at a maintenance facility, disrupting travel at the facility.

Economy Brexit is a prickly affair, says EU's Juncker
Author: 0 Brexit is a prickly affair, says EU's Juncker

He added: 'We have put forward the only proposal that we believe meets the UK's red lines and also provides the right solution for the Irish border. "At this late stage in the negotiations, it is not acceptable to simply reject the other side's proposals without a detailed explanation and counter proposals".