The potential $69B tie-up of Microsoft and video game maker Activision Blizzard now looks more likely to proceed after the U.S. Federal Trade Commission suspended its request for an in-house judge to block the deal.
Regulators in both the U.S. and Britain have expressed worries over how the merger may impact competition, but their opposition has been showing signs of softening.Fed meeting looms large, with the U.S. central bank widely expected to raise borrowing costs by another 25 basis points. Whether officials will then decide to back away from its long-standing tightening cycle or signal more hikes ahead is likely to guide sentiment in the weeks ahead.Crude prices rose Friday, closing a volatile week with gains on rising hopes that China, the world’s largest crude importer, will roll out more stimulus measures to support its stuttering economic recovery.
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