WORLD BUSINESS BRIEFS

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.

     

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

OCA delivered record full year result
BLT - Strong revenue and underlying earnings growth
MFB - Food Bag reports full year profitability up 5.3%
TWR - Tower reports strong HY earnings
IPL - FY26 Annual Results
May 21st Morning Report
May 20th Morning Report
May 19th Morning Report
PYS - PaySauce to announce F26 full year results on 27 May 2026
PEB - Draft LCD Proposes Medicare Coverage for Triage and Triage