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Updated: 38 min 41 sec ago

U.S. new home sales rebound in August, but trend softening

45 min 45 sec ago
Sales of new U.S. single-family homes rebounded in August after two straight monthly declines, but the underlying trend still pointed to a weakening housing market against the backdrop of rising mortgage rates and higher home prices.
Categories: Business News

Rupert Murdoch's Fox to sell Sky stake to Comcast

46 min 34 sec ago
Rupert Murdoch's Fox said on Wednesday it would sell its 39 percent stake in Sky to Comcast , the U.S cable giant that outbid it in an auction to take control of the European pay-TV group on Saturday.
Categories: Business News

Ford expands partnership talks with VW and Mahindra to cut costs

53 min 33 sec ago
With its stock trading near a 6-year low late last month, Ford Motor Co CEO Jim Hackett gathered the automaker's top 300 executives near its headquarters in Michigan for a global leadership meeting.
Categories: Business News

Ford CEO says metal tariffs cost company $1 billion

54 min ago
Ford Motor Co Chief Executive Officer James Hackett said on Wednesday that metal tariffs cost the carmaker $1 billion.
Categories: Business News

UK faces permanent debate over financial rules after Brexit: lawmaker

54 min 54 sec ago
Britain faces a permanent debate over whether to copy or diverge from European Union financial rules after Brexit, a top UK lawmaker said on Wednesday in comments likely to prolong uncertainty for banks.
Categories: Business News

Oil eases, but Iran sanctions keep prices well above $80 a barrel

1 hour 19 min ago
Oil prices eased on Wednesday but were still heading for a fifth consecutive quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up.
Categories: Business News

Death of equity keeps stock market bull alive

1 hour 26 min ago
Amid all the brickbats thrown at one of the longest bull markets in history, the remarkable buoyancy of world equity prices may simply be down to a shortage of shares.
Categories: Business News

Wall Street opens higher ahead of expected rate hike

1 hour 31 min ago
U.S. stocks opened slightly higher on Wednesday ahead of a widely expected Federal Reserve interest rate hike, with investors focusing on the central bank's steer on the pace of monetary tightening.
Categories: Business News

Deal-making spree keeps investors upbeat about European M&A revival

2 hours 8 min ago
The $40 billion takeover of British broadcaster Sky and other new deals in Europe have broken a summer lull to bolster investor optimism over an M&A revival in the region.
Categories: Business News

Nike slips as sales outlook dampens investor enthusiasm

2 hours 14 min ago
Shares of Nike Inc fell 3 percent on Wednesday as the world's largest sportswear maker stuck to its full-year forecast even after sales got a boost from a controversial ad campaign featuring former NFL player Colin Kaepernick.
Categories: Business News

JPMorgan steps up push for women executives and clients

2 hours 27 min ago
JPMorgan Chase & Co is expanding the reach and funding of a group established to promote women working inside the bank to also help female clients, including entrepreneurs and individuals.
Categories: Business News

Hyatt Hotels to more than double its Africa hotels by 2020

2 hours 54 min ago
Hyatt Hotels Corp plans to more than double its hotels in Africa by 2020 to capitalize on improved travel links and robust economic growth that is boosting demand for rooms, the company's regional vice president said on Wednesday.
Categories: Business News

China leads world stocks in attempt to scale Fed, trade war hurdles

3 hours 2 min ago
A Chinese equity bounce set a modestly positive tone for world stocks on Wednesday as bets that Beijing would expand stimulus to support its economy helped offset some of the worries about global trade tensions and $80-a-barrel oil.
Categories: Business News

Merck's Frazier to remain CEO beyond 2019

3 hours 57 min ago
Merck & Co Inc's Kenneth Frazier will stay on as chief executive beyond 2019, the drugmaker said on Wednesday, after it scrapped a policy requiring its CEO to retire at the age of 65.
Categories: Business News

EU negotiator seeks orderly Brexit, new partnership respecting UK sovereignty

4 hours 13 min ago
The European Union's negotiator Michel Barnier said on Wednesday that he was working for a Brexit deal and a future cooperation model with Britain that would respect the UK's sovereignty.
Categories: Business News

Deutsche Bank dismisses merger reports as 'fictions'

4 hours 29 min ago
Deutsche Bank has dismissed speculation that it might seek a merger as "fictions", after media reports suggested Germany's biggest lender might seek tie ups with Switzerland's UBS or German peer Commerzbank.
Categories: Business News

Daimler names R&D head as next CEO, Zetsche to become chairman

4 hours 30 min ago
Daimler named research chief Ola Kaellenius as its next CEO on Wednesday in a succession plan that promotes a raft of tech-savvy managers at its Mercedes-Benz car brand and also seeks to install long-serving CEO Dieter Zetsche as chairman.
Categories: Business News

Germany's deputy finance minister urges insurers to prepare for no-deal Brexit

4 hours 50 min ago
German Deputy Finance Minister Joerg Kukies on Wednesday urged insurers to prepare for a no-deal Brexit and added that the German government was very interested in attracting financial service providers looking to leave Britain due to Brexit.
Categories: Business News

Exclusive: JPMorgan in talks to lead Lyft's IPO - sources

4 hours 53 min ago
JPMorgan Chase & Co is in talks about leading Lyft Inc's upcoming initial public offering as an underwriter, after rivals Goldman Sachs Group Inc and Morgan Stanley decided not to pursue such a role out of loyalty to another IPO hopeful, Lyft's larger competitor Uber Technologies Inc, according to people familiar with the matter.
Categories: Business News

Oil eases, but Iran sanctions keep prices near late 2014 highs

5 hours 12 min ago
Oil prices eased on Wednesday but were still set for a fifth consecutive monthly quarter of gains, driven by an impending drop in Iranian exports in the last three months of the year when global demand heats up.
Categories: Business News

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