Tag Archives: deal

SpiceJet in deal to buy 205 Boeing planes

Indian airline SpiceJet has agreed to buy up to 205 new planes from Boeing – potentially worth $22bn (£18bn). The deal includes a firm order for 100 new planes, 55 from a earlier contract and the right to buy a further 50 jets. SpiceJet is India’s fourth largest airline, though its future looked in doubt in late 2014 after planes ... Read More »

Murdoch’s Fox agrees 11.69 billion pounds deal to buy Sky and bolster empire

Rupert Murdoch’s Twenty-First Century Fox has struck a $14.6 billion (11.69 billion pounds) deal to buy European pay-TV firm Sky that consolidates a media empire across two continents and helps it take on rivals like Netflix in the battle for viewers. Fox, which announced a preliminary deal on Friday, said it would pay 10.75 pounds per share – or 11.6 ... Read More »

Sky and 21st Century Fox agree £18.5bn takeover deal

Broadcaster Sky and 21st Century Fox have reached agreement on the terms of a takeover deal. Rupert Murdoch’s 21st Century Fox will pay £11.7bn for the 61% stake it does not already own. Sky shareholders will receive £10.75 in cash for each share, valuing the company at £18.5bn. The deal comes amid concerns that Rupert Murdoch, who also owns the ... Read More »

Oil prices jump on new output deal

Oil prices have surged after oil producing countries that are not Opec members agreed to cut output. Brent crude jumped to $57.89 a barrel – the highest since July 2015 – before falling back to $56.55, although that was still a gain of 4.1% on the day. On Saturday, non-Opec countries agreed to cut their output by 558,000 barrels a ... Read More »

Oil rallies to best week in years after OPEC output deal

Oil prices rallied for their best week in at least five years on Friday, steadying above $51 a barrel, following OPEC’s decision to cut crude output to rein in a global glut that has weighed on prices for more than two years. After the deal was announced on Wednesday, the market focused on the implementation and impact of OPEC’s first ... Read More »

Belgium split over EU-Canada trade deal Ceta

Belgium’s Trade Minister Didier Reynders says EU leaders may agree on a landmark EU-Canada trade deal this week – but only if objections from his country’s Wallonia region can be met. EU trade ministers are discussing the Ceta deal in Luxembourg, and Wallonia’s concerns cannot be ignored. Belgium’s national government backs the deal. Walloon MPs say Ceta favours Canadian firms ... Read More »

  Rising prices for clothes, hotel rooms and petrol have led to the highest rate of inflation in nearly two years, official figures show. Inflation rose to 1.0% in September, up from 0.6% in August, the Office for National Statistics (ONS) said. Clothing saw its biggest price rise since 2010 and fuel, which was falling a year ago, was also ... Read More »

Bayer clinches $66bn Monsanto takeover in controversial deal

Bayer has clinched its takeover of controversial “frankenstein” foods company Monsanto for $66bn (£50bn) in a deal that creates the world’s biggest maker of seeds and pesticides. The takeover, finalised today, is the largest ever by a German company and the biggest acquisition in the world this year, but some analysts have already labelled the deal a “horror story”. The fee is ... Read More »

Australia says committed to Britain free trade deal

Australian Prime Minister Malcolm Turnbull said on Sunday his country and Britain were both very committed to having an early free trade agreement after Britain leaves the European Union. “Prime Minister May and I are very committed to having an early free trade agreement put in place so that when Britain leaves the EU, we have very open markets between ... Read More »

Obama quashes prospect of fast-track Brexit UK-U.S. trade deal

U.S. President Barack Obama offered Britain little hope of a fast-track post-Brexit trade deal on Sunday, but said he would work to ensure the economic relationship between the two does not unravel after the British vote to leave the European Union. Obama met with British Prime Minister Theresa May at the start of a G20 summit in China as Britain ... Read More »