Disney and Altice have been sparring over how much the cable operator would pay to continue carrying ESPN, ABC and other channels on its Optimum cable service. Both sides are under pressure from cord cutting, or dropping of pay TV service, as audiences flock to cheaper streaming services.

“We have reached an agreement in principle and have extended the deadline accordingly to try and finalize the terms,” a joint statement from the companies said.

The last-minute deal came Sunday as Disney was preparing to pull its networks from Optimum. That could have deprived customers from seeing Tuesday’s baseball playoff game between the Minnesota Twins and New York Yankees as well as “Monday Night Football” and other programing. A blackout could have sent customers fleeing to other options.

Disney secured fee increases for ESPN, local affiliate WABC and other major networks, according to sources familiar with the talks who requested anonymity because the negotiations were private.

The amount of the increases was not disclosed. Altice said in September it had offered to pay higher fees but called Disney’s proposal at the time “outrageous.”

Altice USA is the fourth-largest U.S. cable operator, formed by Netherlands-based Altice NV (ATCA.AS) through its acquisitions of Cablevision -- now known as Optimum -- and Suddenlink Communications. Optimum has 3.1 million customers in New Jersey, New York, Connecticut and Pennsylvania.

The discussions with Altice were the first among several Disney is scheduled to have with cable operators over the next two years as current programing deals expire.

ESPN, Disney’s most important network, has been losing subscribers and seeing its ratings fall. That has cut revenue from cable operators, which pay monthly fees for each subscriber, and given Altice ammunition to push back against Disney’s demands as excessive.

Disney countered that Altice charges the average customer $160 or more per month and “the bulk of that money goes into their pocket.”

ESPN is the most expensive basic cable network, charging an average of $7.54 per subscriber each month, according to S&P Global Market Intelligence’s Kagan research group. The channel also is among the most popular, ranking as the fourth most-watched national cable network in Optimum households over the past year.

President said, “The autumn session has to solve many issues without delay. There is a need to form the Government as fast as possible.

Although the economic growth has reached 5.3 percent, we are still facing many issues. In spite of the fact that cooperating with the International Monetary Fund would be helpful at this time, we have to check if it is including national features or not," 

"There is much to contemplate on IMF’s conditions. It must be noted that the Parliament should prioritize Mongolia’s interest.

Time demands a very realistic and productive discussion and break-even approval of next year’s budget that could give positive signal to the economy at the Parliamentary autumn session," he said.

He continues, "I perceive that the budget giving positive signal to the economy is a mean to support private sector. If the Government and its related agencies follow the positive changes made to the ‘Law on procurement of goods, works and services with state and local funds’, domestic production and services will be strongly supported.
As the President of Mongolia, I will firmly engage in restoring justice.”

Global Logistic will buy Gazeley, which owns properties totaling 32 million square feet in four European nations, from Brookfield Property Group, the Singapore-listed warehouses operator said in a statement.

Global Logistic, currently in the process of being acquired by a consortium that includes the company’s chief executive as well as Chinese investors Hillhouse Capital Group and Hopu Investment Management Co., has the support of its buyers for the Europe deal, according to a separate statement.

Global Logistic said it plans to syndicate its stake in the European assets as part of its strategy to grow its fund management business.

The company, 37% owned by Singapore’s sovereign-wealth fund GIC Pte., is a major global player in the booming business of storing and moving goods from suppliers to consumers. It manages nearly $40 billion in logistics assets—a bit more than half the amount that No. 1 warehouse owner Prologis Inc. of the U.S. does.

Global Logistic says it is the biggest owner of warehouses in many of the world’s most important markets, including China, Japan and Brazil. It is the second largest in the U.S. after Prologis.

Brian Kingston, the chief executive of Brookfield Property Partners, said the company’s investment in Gazeley in 2013 has been “excellent” for the fund and its partners.

“Building great businesses is a key pillar of our opportunistic real estate strategy, and Gazeley is a good example of how we have been able to successfully do this,” Mr. Kingston said in emailed comments.

M.Enkhbold said, “The current socio-economic state of our country is demanding initiatives from us. The remainder of the Parliamentary mandate should not be revolving around side issues caused by some political exaggeration. Works on organizing budget policy, improvising of its monitoring and International Monetary Fund’s (IMF) program are being implemented successfully.”

According to the Speaker, the economic growth has reached 5.3 percent and inflation is expected to stabilize at 8 percent. He further addressed to strongly support IMF’s Extended Fund Facility program.

“The replacement of Prime Minister and the Government should not drag business entities. Current value of the Government’s debt is at MNT 19.8 trillion, which equals 73.8 percent of GDP. Chinggis and Dimsan bonds’ payment will be due next year. Therefore, the main focus should be to renew Government’s debt management and service plans, move major projects and create savings,” said Parliament Speaker M.Enkhbold.

President of Mongolia Kh.Battulga attended the session and is now presenting his speech.

After a customer trying to flee the storm contacted the automaker to ask for more power, the company began issuing free over-the-air upgrades to drivers in the state, Eletrek reports.

Some of Tesla’s Model X and S vehicles that were introduced in 2016 come with 75 kilowatt-hour batteries that are software-limited to only offer 60 or 70 kilowatt hours, capable of 200 to 230 miles per charge.

A Florida driver who received the free update to 75 kilowatt-hours on Sep. 10 posted a screenshot of the Tesla app that shows a range of 242 miles, according to The Verge.

According to an email Tesla sent to its customers, the company has sent the update to drivers across Florida, and will allow them to use the increased capacity until September 16.

Financial account totaled to a surplus of USD 649.2 million. In the first 8 months of last year, Mongolia had a net borrowing of USD 643.2 million from other countries, while this year the amount totaled to USD 649.2 million. Thus, the net external financing is decreased by USD 6.0 million.

As of August 2017, balance of payments aggregated a deficit of USD 215.4 million.

The Steel Index benchmark price for Northern China 62% Fe ore sank by 1.9% to trade at $61.50 a tonne on Friday, a three-month low. Year-to-date iron ore has lost more than 20% of its value.

Chinese imports constitute around 70% of the seaborne trade and 2017 shipments are in line with record imports of over 1 billion tonnes last year. Higher imports have pushed hundreds of domestic Chinese producers out of business but high-grade supply from major producers in Australia, South Africa and Brazil continues to grow.

That explains why Beijing's announcement that it would revoke about a third or around 1,000 of the country's iron ore mining licences did little to boost the price. Most of that capacity was idle already.

China produces as much steel as the rest of the world combined and mills produced record tonnage for a second month straight in August. But the rapid growth is mainly in anticipation of mandated output cuts during winter months – as much as 50% in top steel producer province Hebei – in an effort to alleviate pollution problems in large cities.

"We think that local governments are likely to carry out the environmental cuts forcefully," Goldman Sachs analysts noted in a report this week. "The market has not fully priced the negative environmental restrictions on iron ore demand. Therefore, we expect iron ore prices to fall further going into Q4."
Stubbornly high port stocks are also clouding the outlook for the iron ore price. According to Umetal's survey of 42 ports in China, total port inventory stood at just under 134m tonnes on Friday up 1.66m tonnes for the week.