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Market News

Murdoch's new Sky bid should be probed, UK opposition politicians say

Britain's Business Secretary Vince Cable talks during his keynote speech on the second day of Liberal Democrat party's spring conference in LiverpoolRupert Murdoch's new takeover approach for British pay-TV firm Sky should be investigated by the UK's competition authorities, according to opposition politicians, though analysts said a deal should be easier to get through this time round. Liberal Democrat Vince Cable, who was Britain's business secretary at the time of Murdoch's first bid in 2010-11 told BBC radio the media tycoon's new takeover attempt would not be in the public interest. Cable referred Murdoch's original bid to regulator Ofcom and said his latest offer should face the same scrutiny.




Hawkish Fed a potential speed bump for stock bulls

Traders work on the floor of the NYSENext week's Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month's presidential election. While investors have long anticipated the Fed will raise rates at the Dec. 13-14 meeting - in what would be its first such move in a year and second in nearly a decade - the worry for some stock investors is that the Fed takes a more aggressive stance on inflation and future hikes. Stocks have set a string of record highs since the Nov. 8 election on hopes of a pickup in U.S. economic growth, thanks to President-elect Donald Trump's promises of increased infrastructure spending, lower taxes and easier regulations.








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