LONDON (Reuters) -Oil prices fell by 4% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.FILE PHOTO: Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China June 11, […]
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National Australia Bank is looking to expand its share of the credit card market by buying Citi’s Australian retail banking arm for at least $1.2 billion. In a deal that is set to attract scrutiny from the competition watchdog, NAB on Monday said it would become Australia’s second largest credit card lender through the acquisition of Citi’s retail business, which […]
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Australian shares looked set to open on a cautious note Monday as investors focus on the Covid-19 situation in the country. Australia reported 280 new Covid cases over a 24-hour period on Sunday, with most of them in the populous state of New South Wales. Markets in Japan and Singapore are closed for public holidays. SINGAPORE — Australian shares looked […]
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FILE PHOTO: A truck laden with chicken leg quarters leaves Sanderson Farms poultry processing plant enroute to Mexico, in Palestine, Texas, U.S., January 17, 2018. Photo taken January 17, 2018. REUTERS/Jason Lange(Reuters) – Chicken producer Sanderson Farms Inc is in advanced talks with Cargill Inc and agricultural investment firm Continental Grain Co to sell itself in a $4.5 billion deal, […]
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HONG KONG (Reuters) – Hong Kong’s justice secretary said on Sunday that a mainland Chinese law to counter foreign sanctions could also be adopted in the China-ruled city by writing it into Hong Kong’s mini-constitution, pending a decision by the Chinese parliament.Slideshow ( 2 images )Justice Secretary Teresa Cheng’s comments are the strongest official indication so far that Hong Kong […]
Read moreFollowing the rebound seen in the previous session, the price of crude oil moved back to the downside during trading on Friday. The price of crude oil for September delivery slid $0.81 or 1.2 percent to $68.28 a barrel, plunging 7.7 percent for the week. The pullback by oil prices came as concerns about the outlook for global demand amid […]
Read moreWhere are Elon Musk, Tesla at White House EV announcement? Wall Street Journal reporter Tim Higgins explains why Tesla is missing in action at the president’s address. Elon Musk, the second richest person on the globe, worth $182 billion per Forbes, is no stranger to making waves. Even before he netted his vast fortune, he managed to ruffle a few […]
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MELBOURNE (Reuters) -Australia saw a record daily number of new coronavirus cases this year on Saturday, with the country’s most populous states of New South Wales, Victoria and Queensland recording a total of 361 cases of the highly infectious Delta variant.FILE PHOTO: Personnel from the Australian Defence Force and New South Wales Police Force patrol a street in the Bankstown […]
Read moreKUALA LUMPUR, Aug 7 (Reuters) – Malaysian fast food restaurant business QSR Brands (M) Holdings Bhd has revived plans for an initial public offering that could be worth hundreds of millions of dollars, The Edge Weekly reported on Saturday, citing unidentified sources. Johor Corp, the controlling shareholder in QSR, which operates KFC and Pizza Hut franchises in Malaysia, has engaged […]
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