Markets
Saudi Arabia rejects Trump request to hike oil output
The price rally mainly stemmed from a decline in oil exports from OPEC member Iran due to fresh U.S. sanctions. "They are doing little and late, to get prices higher", he said. Mr Trump called on the Organisation of the Petroleum Exporting Countries (OPEC) to lower prices. Meanwhile, China's oil imports from Iran reportedly plunged by around 250,000 barrels per day (bpd) in August compared to ... [Full Article...]
Pandora is being purchased by SiriusXM for $3.5 billion
Its combined revenue with Pandora will go up to $7 billion and the userbase will be at almost 100 million (36 million SiriusXM subscribers and over 70 million monthly Pandora users). "Sirius can merge Pandora's radio business into its satellite subscription business, and can also begin to offer on-demand to its large installed base of satellite subscribers". [Full Article...]
Michael Kors close to buying Versace for $2.4B

Sensex plunges 536 points, Nifty breaches 11,000 mark

Petrol Price Crosses 90 Rupees In Mumbai, Cheapest In Delhi Among Metros

Saudi energy minister rips Trump tweet: 'I do not influence oil prices'

Petrol price crosses Rs 90 per litre mark in Mumbai
A litre of petrol was being sold in Mumbai at the rate of Rs 90.08, according to the website of International Olympic Committee, the largest fuel retailer of the country. Latest available data from the Organisation of Petroleum Exporting Countries ( OPEC ) shows that its basket of crude oils sold at $77.13 per barrel on Thursday. [Full Article...]
Porsche to stop making diesel cars
