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Dollar braces for busy week of geopolitics and Fed speak

By Rae Wee SINGAPORE (Reuters) -The dollar dithered on Monday ahead of a key meeting between U.S. President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskiy, while investors also looked ahead to the Federal Reserve’s Jackson Hole symposium for more policy clues. Currency moves were ...
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Shares scale fresh tops in Asia, oil slips on truce talks

By Wayne Cole SYDNEY (Reuters) -Share markets edged higher in Asia on Monday ahead of what is likely to be an eventful week for U.S. interest rate policy, while oil prices slipped as risks to Russian supplies seemed to fade a little. A general risk-on mood ...
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Tesla almost halves UK monthly lease fee as sales slump, The Times reports

(Reuters) -British motorists can now lease a Tesla electric vehicle for just over half of what they would have paid a year ago, The Times reported on Monday, citing industry sources. Tesla has been forced to offer discounts of up to 40% to car ...
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BlueScope Steel’s profit slumps 90% on impairment charge; shares tumble 7%

(Reuters) -Australia’s BlueScope Steel reported a 90% slump in annual profit on Monday, citing an impairment charge at its coated products business and weak performance at its North America operations, sending its shares 7% lower. Shares of BlueScope, Australia’s biggest steel producer, were down at ...
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Klook taps banks for US IPO, sources say

By Echo Wang and Julie Zhu NEW YORK (Reuters) -Klook, a travel booking services company, has hired investment banks to help arrange a potential initial public offering in the U.S., according to two people with knowledge of the matter. The Hong Kong-based company, backed by investors ...
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Oil falls on easing Russia supply concerns after Trump-Putin meet

(Corrects to show Jerome Powell is Fed Chair, not Colin, in paragraph 9) By Florence Tan SINGAPORE (Reuters) -Oil prices slipped on Monday as the U.S. did not exert more pressure on Russia to end the Ukraine war by implementing further measures to disrupt Russian ...
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Australia’s NAB flags $85 million cost increase as staff underpaid

By Scott Murdoch (Reuters) -National Australia Bank warned its full-year expenses would be up to A$130 million ($84.7 million) higher after it discovered it had underpaid some of its staff, as it reported a slight increase in third-quarter earnings. NAB, Australia’s top business lender, said a ...
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Private equity group Advent to acquire U-Blox for $1.3 billion

(Reuters) -Private equity group Advent International said on Sunday it has agreed to take over Switzerland’s U-Blox Holding in a cash offer worth some 1.05 billion Swiss francs ($1.30 billion). Advent said its public tender offer for U-Blox’s shares would be carried out ...
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Fatal explosion at U.S. Steel’s plant raises questions about its future, despite heavy investment

HARRISBURG, Pa. (AP) — The fatal explosion last week at U.S. Steel’s Pittsburgh-area coal-processing plant has revived debate about its future just as the iconic American company was emerging from a long period of uncertainty. The fortunes of steelmaking in the U.S. — along with ...
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Air Canada to resume flights after government moves to end strike

By Rishabh Jaiswal (Reuters) -Air Canada plans to resume flights later on Sunday, a day after the government issued a directive to end a cabin crew strike that caused the suspension of around 700 daily flights, stranding more than 100,000 passengers. Thousands of Air Canada ...
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He earned a small town’s trust. He owed $95 million in what authorities say was a Ponzi scheme

HAMILTON, N.Y. (AP) — For decades, Miles “Burt” Marshall was the man you went to see in a stretch of upstate New York if you had some money to invest but wanted to keep it local. Working from an office in the charming village of ...
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Oil markets seen bearish after Trump-Putin Alaska meeting

By Seher Dareen LONDON (Reuters) -Oil markets are set for a muted price reaction when they open on Sunday after U.S. President Donald Trump’s and Russian leader Vladimir Putin’s meeting in Alaska, at which Trump said a fully-fledged peace deal was the aim for Ukraine ...
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