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Comcast offers $31 billion for Sky, going head-to-head with Fox

LONDON (Reuters) - U.S. cable company Comcast Corp made a 22 billion pound ($31 billion) offer for pay-TV group Sky on Wednesday, beating an already agreed takeover bid from Rupert Murdoch's Fox by 16 percent. Read More


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  • Global banks fear China will limit JV control through new rules

    HONG KONG/SHANGHAI (Reuters) - Western banks are seeking clarification from China's securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to ownership by non-financial investors.

  • Credit Suisse delivers best quarter since Thiam's revamp

    ZURICH (Reuters) - Credit Suisse delivered its best quarterly results on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland's second-biggest bank in 2016, driven by its wealth management business.

  • DoubleLine's Gundlach says U.S. Treasuries 'not attractive'

    NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were "not attractive" even though the 10-year yield , a benchmark for global borrowing costs, crossed the critical 3 percent threshold earlier in the day.

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