News 

Disney’s Fox deal gets China’s approval: CNBC

“A screen shows the trading info for The Walt Disney Company company on the floor of the NYSE in New York Thomson Reuters (Reuters) – Walt Disney Co on Monday received unconditional approval from China for its deal to buy Twenty-First Century Fox’s entertainment assets, CNBC reported” reports businessinsider.com. Disney agreed to purchase Fox’s film and television assets for $71.3 billion and received approval from European Commission earlier this month, subject to certain conditions. Source: businessinsider.com Share This:

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Bankrupt Sears Wins Court Approval for Plans to Sell Stores

“Sears filed for bankruptcy with its bank lenders promising to give it $300 million in bankruptcy financing” writes Min Read for reuters.com. WHITE PLAINS, N.Y. (Reuters) – Sears Holdings Corp (SHLDQ.PK) won U.S. bankruptcy court approval on Thursday to move forward with plans to stay in business and sell itself, even as it continues to evaluate offers to liquidate its business.The company faces a mid-December milestone to find a bidder for its approximately 500 remaining stores and other assets.To address the creditors’ concerns, attorneys for Sears said the retailer would…

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Crypto News 

BitGo Expands its Custody Service to Cover 100 Crypto Assets

“Crypto wallet and blockchain security firm BitGo has expanded its suite of custody products and services to support 100 coins and tokens by the end of 2018” writes Aziz Abdel-qader for financemagnates.com. The step reflects the surge in demand for custody solutions for altcoins and other tokens and not just leading cryptocurrencies, such as Ethereum and Bitcoin.Speaking on the integration, Ben Chan, CTO of BitGo, said: “BitGo is the first multi-signature wallet platform with support for such a wide offering of highly traded digital currencies.BitGo’s patent multi-signature wallet technology has attracted institutional…

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News Oil Stocks 

Aramco may list downstream oil assets after acquiring chemical firm SABIC, strategists say

“Aramco must first complete its planned acquisition of a strategic stake in Saudi petrochemical maker SABIC before deciding whether to list its downstream business” writes Sri Jegarajah for cnbc.com. Saudi Aramco may consider spinning off its growing downstream division, which includes oil refining assets, a business where the oil giant is investing heavily to meet rising fuel demand in Asia, strategists said.That will be a lengthy and complicated business given the size of SABIC,” said Robin Mills, CEO of Qamar Energy, and a former Shell executive. Source: cnbc.com Share This:

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Certain Telltale Games Have Been Removed From Steam As The Developer Prepares to Shut Down Completely

“Certain Telltale games have been removed from Steam as the troubled company is in the process of completely shutting down and liquidating its assets” writes Adam Bankhurst for ign.com. However, with the looming liquidation/selling of all Telltale’s assets, this option for the laid off employees will most likely end. Source: ign.com Share This:

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Crypto News 

Zeeshan Feroz – ‘I Feel Central Bank-Backed Assets Are a Good Thing’

“This and more was on full display during his panel discussion, Cryptocurrency: Creating an Open Financial System for the World” writes Jeff Patterson for financemagnates.com. The financial system will approve namely as a result of competition as all parties will improve,” he explained.When you look at financial system, much of the risk stems from the fractional reserve model that we have.” Are retail banks’ days numbered?. In fact, “I don’t think retail banks will disappear, though rather they may be forced to innovate and look for liquidity elsewhere. Source: financemagnates.com Share…

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Markets News 

Franklin Templeton taps into Israel’s $67 billion retail market

“TEL AVIV (Reuters) – Franklin Templeton Investments entered the $67 billion Israeli retail market on Tuesday after the government allowed foreign firms to offer offshore products directly to investors” writes Midwest Communications Inc for 95kqds.com. John Beck, director of fixed income at Franklin Templeton, said Britain’s gilt market was overvalued, while the pound “is at the cheap end of expectations”.Franklin Templeton executives also gave prospective Israeli investors their views on a number of markets during the opening.Franklin Templeton, which has $724 billion in assets under management, appointed Uzi Yitzhak to…

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