Fed raises interest rate a quarter point - Comcast in bidding war for Fox's assets
The US media giants have been locked in a months-long takeover saga to control Sky, Europe's leading pay-TV operator. It needed a rare three-round auction held by British regulators to finally settle the battle.
Some emerging economies, including Turkey and Argentina, could be forced to cut spending to bridge yawning deficits. As interest rates continue to rise in the US and Europe, there is no respite for them any time soon.
The American central bank has raised the benchmark interest rate by a quarter-point, but showed no indication it would be more aggressive in monetary tightening. It also left its outlook for the coming years unchanged.
Analysts say Comcast overpaid for Europe's leading pay TV operator which could mean higher subscription fees. But if shareholders approve the takeover, viewers could also get to choose from more original shows.
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