Fed raises interest rate a quarter point - Comcast in bidding war for Fox's assets
After a series of rises, the US central bank's policy meeting decided to hold interest rates in their current range. It also predicted a gloomier outlook for growth than that coming from Trump's White House.
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.
The US central bank has raised interest rates once again — not to annoy the American president, but to prepare for an uncertain and bumpy economic future.
European Central Bank chief Mario Draghi has warned that weaker growth in the global economy will continue to be felt in Europe. The ECB, which kept key interest rates on hold, is unlikely to raise them until the summer.
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