Business

LA 2024 releases $5.3 billion budget; no new stadiums needed

The largest revenue sources in the budget are domestic sponsorship ($1.93 billion), ticketing ($1.47 billion) and the IOC's contributions from broadcasting rights ($855 million). Los Angeles previously hosted the Olympics in 1932 and 1984, but bids from NY (2012) and Chicago (2016) failed, leaving Atlanta as the last United States of America city to host the games, back in 1996.

Business

PM Najib leads Malaysian protest against 'genocide' of Rohingya Muslims in Myanmar

He is also calling on neighbouring countries, such as Muslim-majority Malaysia and Indonesia, to resist the urge to stage protests that could further stir religious passions. Her unwillingness or inability to do anything about the unfolding atrocities has garnered global criticism that she has done too little to address the plight of the Rohingya communities.

Business

Italians fear for banks ahead of referendum

The last poll ahead of the vote gave the "no" campaign against reforms a five per cent lead. Grillo has recently toned down his anti-EU views, clarifying in a blog about the UK's Brexit vote that he and the party supported "reform from within" the union.

Business

Iran welcomes OPEC production-cut decision

The Auto Club says average prices statewide have increase 8-cents in the last day. "Five months ago it was at similar levels, as indeed it was one month ago", said analysts at AB Bernstein on Friday. "The market will no longer see a sudden plunge in oil prices", Kiwoom Securities Co market strategist Seo Sang-young said by telephone from Seoul.

Business

Crude gains 9% amid surprise OPEC deal

Fourteen stocks were posting new 52-week highs. The oil deal, which until Wednesday's meeting had looked to be in peril, brought an element of stability to financial markets whipsawed in November by Donald Trump's unexpected election as U.S.

Business

EPL 2016/17: Mamadou Sakho to be sold in January, confirms Jurgen Klopp

Liverpool start as big favourites for this one, and are now trading at [1.8] to take all three points home with them. Sakho's attitude during pre-season rankled with Klopp and he was sent home from their tour of the United States for being "disrespectful" after he missed a flight, training session and team dinner.