Sharechat Logo


Friday 23rd June 2000

Text too small?
THUMBS DOWN: Sharemarkets delivered a thumbs down to the planned $US34 billion takeover of Canadian film, music and drinks business Seagram by French media, communications and utilities group Vivendi. Share prices in both companies have dropped, even as UK liquor group Allied Domecq confirmed it was interested in Seagram's wine and spirits business.

SPRINT SALE: WorldCom is preparing to dispose of Sprint's internet and long-distance telephone operations to meet US and European objections over its $US115 billion purchase of the rival US telecommunications business. The Sprint disposal would raise $US40-45 billion.

OIL BOOST: Opec members meeting in Vienna agreed to lift daily crude oil production by 708,00 barrels to a total output of 25.4 million bbl from July 1 in a bid to cool an overheated market that has seen prices triple in 12 months to over $US30/bbl.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar rises as US-China trade, Brexit tensions ease
SkyCity shares hit 7-week low as fire encapsulates convention centre
Wrightson showcases Fruitfed Supplies as horticulture stands out
Fonterra rivals fear dairy giant will get leg up from law overhaul
Wellington Drive remains in the black as it raises operating forecast
OMV plans further maintenance at Pohokura
Sky continues sports drive with extension to netball rights
Apple's asset-shuffling puts $270m value on PowerbyProxi
Fonterra lifts payout forecast on improving global dairy prices
22nd October 2019 Morning Report

IRG See IRG research reports