Dollar gains on U.S. tax cut progress; Asian shares listless
SYDNEY (Reuters) – The U.S. dollar bounced to a two-week top on Monday and S&P futures rallied as traders marked the passage of a Senate tax bill over the weekend, a move that raises the risk of more aggressive rate hikes in the world’s largest economy.
Shareholders sue Australia’s Crown Resorts over China marketing
SYDNEY (Reuters) – Australian casino operator Crown Resorts Ltd was slapped with a class action lawsuit on Monday for allegedly failing to inform shareholders of a marketing campaign in China that resulted in staff arrests and a slump in the share pri…
Broadcom set to unveil challenge to Qualcomm’s board: sources
(Reuters) – Chipmaker Broadcom Ltd will take its first formal step on Monday toward a hostile bid to take over Qualcomm Inc , unveiling nominees whom Qualcomm shareholders can vote on to replace the U.S. semiconductor company’s board of directors, acc…
Australia’s Crown Resorts faces class action
(Reuters) – Australian casino giant Crown Resorts Ltd on Monday said that Maurice Blackburn Lawyers had commenced a class action proceeding against Crown in the Federal Court of Australia.
Exclusive: Exxon eyes Egypt’s offshore oil and gas – sources
LONDON/VIENNA (Reuters) – Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said.
Rio Tinto turns to its own board for new chairman
SYDNEY (Reuters) – Rio Tinto Ltd ended months of speculation on Monday, naming Simon Thompson as its next chairman to succeed Jan du Plessis, who will step down after serving almost nine years as chair of the Anglo-Australian mining house.
Dollar, stock futures gain on U.S. tax cut progress
SYDNEY (Reuters) – The U.S. dollar bounced to a two-week top on Monday as traders celebrated the passage of a Senate tax bill over the weekend, while stronger U.S. stock futures pointed to a merry start for Asian shares.
Enter the ‘petro’: Venezuela to launch oil-backed cryptocurrency
CARACAS (Reuters) – Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the “petro” backed by oil reserves to shore up a collapsed economy.
Venezuela Maduro gains control over oil contracts amid purge
CARACAS (Reuters) – Venezuela’s President Nicolas Maduro on Sunday gained more powers over the OPEC member’s oil contracts, as a deepening purge looks set to strengthen the leftist leader’s control of the key energy sector amid a debilitating recession…
Enter ‘petro’: Venezuela to launch oil-backed cryptocurrency
CARACAS (Reuters) – President Nicolas Maduro said on Sunday Venezuela would launch a cryptocurrency to combat a U.S.-led financial “blockade,” although he provided few clues about how the economically crippled OPEC member would pull off the feat.
