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Disney did not immediately respond to requests for comment. Dan Berger, a spokesman for Twentieth Century Fox Film, one of the defendants, declined to comment. The lawsuit was filed in the U.S. District Court in Los Angeles as Disney prepares to complete its $71.3 billion purchase of many Fox assets, expected in the first quarter of 2019. Genting said the problems began as Fox engineered years of delays to force a renegotiation of the contract, which did not give it a share of gate sales. But according to the complaint, Disney is now “calling the shots,” and wants to end the contract because associating with a gaming company didn’t fit its “family-friendly” brand strategy.

Genting said Fox issued a default notice with the hope of terminating the contract, in a manner “entirely consistent with Disney wanting to kill the deal” to benefit itself, “Given that FEG had no right to terminate the Agreement, Fox and silver cufflinks tiffany Disney are liable for what will exceed a billion dollars in damages attributable to the bad-faith behavior of both Fox and Disney,” the complaint said, Genting said it had already made a “$750 million-plus investment” in Fox World, It is also seeking punitive damages..

NEW YORK (Reuters) - Oil prices rose nearly 3 percent on Monday, clawing back some of last week’s steep losses, but gains were capped by uncertainty over global economic growth and further signs of increasing supply, including record Saudi production. Brent crude LCOc1 futures rose $1.68 to settle at $60.48 a barrel, a 2.9 percent gain. U.S. West Texas Intermediate (WTI) crude CLc1 gained $1.21, or 2.4 percent, to close at $51.63 a barrel. Prices on Friday hit their lowest since October 2017 amid intensifying fears of a supply glut. Brent sank to $58.41 a barrel, while WTI fell to $50.15 a barrel.

“We are reluctant to read much into today’s oil price advance given a much oversold technical condition that needed only a moderate stock market rally to force some short covering,” Jim Ritterbusch, president of Ritterbusch and Associates, said in a note, Supporting oil prices, U.S, stock markets broadly rallied as Cyber Monday, the largest online shopping day of the year, began, Crude futures sometimes track with the equities market, Prices found some support as crude stockpiles at the delivery point for WTI at Cushing, Oklahoma, rose just 126 barrels from Tuesday to Friday, traders said, silver cufflinks tiffany citing a report from market intelligence firm Genscape..

However, demand concerns and record output from Saudi Arabia limited Monday’s rebound. Saudi crude oil production hit 11.1-11.3 million barrels per day (bpd) in November, an all-time high, an industry source said. A rising dollar that has undercut demand in key emerging market economies, higher borrowing costs and the threat to global growth from the trade dispute between the United States and China have pushed investors out of assets more closely aligned with the global economy, such as equities or oil.

Hedge funds and other money managers raised their bullish position on U.S, crude for the first time in 8 weeks in the week that ended Nov, 20, the U.S, Commodity Futures Trading Commission (CFTC) said on Monday, The increase was the first since September and lifted net longs from their lowest silver cufflinks tiffany point in more than a year, Market participants are looking ahead to a Dec, 6 meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Saudi Arabia is expected to push for a production cut of up to 1.4 million bpd by OPEC and its allies..

Goldman Sachs (GS.N) said on Monday the G20 meeting this week could be a catalyst for a rebound in commodities prices, possibly prompting a thaw in U.S.-China trade tensions and offering greater clarity on a potential OPEC oil curb. Goldman believes OPEC and other nations will come to an agreement, leading to a recovery in Brent prices. “While we didn’t think that Brent prices were justified at $86 per barrel, neither do we believe that they are at $59 with our 2019 Brent forecast at $70,” Goldman said.

NEW YORK (Reuters) - Wall Street bounced back on Monday, lifted by expectations that retailers raked in online sales during a prime holiday shopping period, while European stocks rallied after signs that Italy was preparing to rework spending plans that have fueled tensions with the European Union, Oil prices also recovered after its own “black” Friday, adding to risk-on sentiment, and the pound rose after Britain’s Brexit agreement won approval from European leaders, Online retailers anticipated $7.8 billion in sales on the largest internet silver cufflinks tiffany shopping day of the year, with shoppers who missed out on Black Friday deals expected to flock online for Cyber Monday, [.N]..

 

 
 
 

 

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