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Brookfield hopes for fourth time lucky amid $2.9 billion bid for Australia's Reliance

Brookfield hopes for fourth time lucky amid $2.9 billion bid for Australia's Reliance

By Scott Murdoch SYDNEY, Aug 18 (Reuters) - Global private equity giant Brookfield is taking a fourth shot at buying Australian plumbing supplies group Reliance Worldwide, raising its bid to A$4.1 billion ($2.91 billion) despite a major profit slump and uncertain business outlook created by tariffs

Anthropic revenue run rate tops $65 billion, source says

Anthropic revenue run rate tops $65 billion, source says

Aug 17 (Reuters) - Anthropic's annual revenue run rate topped $65 billion by the end of July, a person familiar with the matter said on Monday, underscoring the Claude creator's rapid growth ahead of a potential public listing later this year.

European shares tick higher as easing Fed hike bets lift gold

European shares tick higher as easing Fed hike bets lift gold

By Tharuniyaa Lakshmi Aug 17 (Reuters) - European shares inched up on Monday, led by basic resources stocks as gold prices advanced, while easing expectations of a Federal Reserve rate hike supported sentiment. The pan-European STOXX 600 was up 0.1% at 658.51 points, as of 0823 GMT.

New Zealand's a2 Milk tumbles on weak earnings forecast, profit miss

New Zealand's a2 Milk tumbles on weak earnings forecast, profit miss

Aug 17 (Reuters) - New Zealand's a2 Milk forecast weak annual earnings on Monday after missing market expectations for fiscal year 2026 due to supply-chain disruption in its China-label business, sending its shares plunging more than 10%.

Alphabet eyes inaugural Australian dollar bond, bookrunner's message says

Alphabet eyes inaugural Australian dollar bond, bookrunner's message says

By Scott Murdoch SYDNEY, Aug 17 (Reuters) - Alphabet has mandated investment banks to work on its inaugural Australian dollar bond issue, according to a message sent by one of the book runners and reviewed by Reuters on Monday.

Wall St mixed as Middle East tensions eclipse tech strength

Wall St mixed as Middle East tensions eclipse tech strength

By Avinash P and Purvi Agarwal Aug 17 (Reuters) - The S&P 500 and the Dow inched lower on Monday as U.S.-Iran tensions dented sentiment, while some technology stocks rose after the report of a strong revenue forecast from AI lab Anthropic.

US stocks set for lower open as Iran stalemate lifts oil, yields

US stocks set for lower open as Iran stalemate lifts oil, yields

By Shashwat Chauhan and Purvi Agarwal Aug 18 (Reuters) - U.S. stocks were set to open lower on Tuesday, as diminishing prospects for a peace deal between the United States and Iran kept oil prices elevated and government bond yields at multi-year peaks.

Soccer-Rights group urges FIFA to block Infantino re-election bid over term limits

Soccer-Rights group urges FIFA to block Infantino re-election bid over term limits

By Rohith Nair Aug 17 (Reuters) - Human rights organisation FairSquare has urged FIFA to rule that Gianni Infantino is ineligible to seek another term as president, arguing he has already served the maximum three terms permitted under the body's statutes.

Oil prices at near three-week high as US-Iran peace hopes fade

Oil prices at near three-week high as US-Iran peace hopes fade

By Robert Harvey LONDON, Aug 18 (Reuters) - Oil prices traded slightly higher for a third session on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the U.S. ruling out extending a ceasefire deal, heightening worries

Home Depot beats quarterly sales estimates on steady repair demand

Home Depot beats quarterly sales estimates on steady repair demand

Aug 18 (Reuters) - Home Depot beat Wall Street estimates for second-quarter sales on Tuesday, as resilient demand for smaller repair-and-maintenance projects helped offset a sluggish U.S. housing market.

Kalshi files for S&P 500 perpetual futures in challenge to traditional exchanges

Kalshi files for S&P 500 perpetual futures in challenge to traditional exchanges

Aug 18 (Reuters) - Prediction market startup Kalshi filed with the U.S.

Home Depot rides steady repair demand as housing market remains subdued

Home Depot rides steady repair demand as housing market remains subdued

By Angela Christy M Aug 18 (Reuters) - Home Depot beat Wall Street estimates for second-quarter sales and profit on Tuesday, as strong demand from customers for repair and maintenance helped offset sluggish spending on big-ticket projects such as kitchen renovations.