Oil extends losses as Delta variant stalls demand recovery

Fox Business Flash top headlines for August 12 Check out what’s clicking on FoxBusiness.com. Oil prices fell for a second day on Friday after the International Energy Agency warned that demand growth for crude and its products had slowed sharply as surging COVID-19 cases worldwide forced governments to revive movement restrictions. Brent crude was down 58 cents, or 0.8%, at […]

Read more

Adidas ends Reebok era with $2.5 billion sale to Authentic Brands

BERLIN (Reuters) -Adidas is selling Reebok to Authentic Brands Group(ABG) for up to 2.1 billion euros ($2.5 billion) as the German sporting goods company concentrates on its core brand after a deal that did not deliver.FILE PHOTO: Boards with Reebok store logo are seen on a shopping center at the outlet village Belaya Dacha outside Moscow, Russia, April 23, 2016. […]

Read more

UPDATE 1-Sterling little changed by Britain's 4.8% GDP growth in Q2

* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Adds news, chart; updates rates) LONDON, Aug 12 (Reuters) – Sterling was little changed on Thursday as analysts expected the Bank of England to make no moves in its monetary policy after official data showed Britain’s economy grew in line with expectations in the […]

Read more

Sydney to tighten COVID-19 curbs, Australian capital to enter lockdown

SYDNEY (Reuters) -Extra Australian military personnel may be called in to ensure compliance with lockdown rules in Sydney, the New South Wales state government said on Thursday, as the highly infectious Delta coronavirus variant spreads into regional areas.FILE PHOTO: Pedestrians wearing protective face masks walk through the city centre during a lockdown to curb the spread of a coronavirus disease […]

Read more

Indian shares rise on energy gains; inflation data in focus

FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis MascarenhasBENGALURU (Reuters) – Indian shares opened slightly higher on Thursday, driven by energy shares, with investors eyeing domestic retail inflation data for July due later in the day. By 0356 GMT, the blue-chip NSE Nifty 50 index was up 0.1% at 16,299 […]

Read more
1 166 167 168 169 170 434