Singapore / AFP Crude prices dipped in Asia on Tuesday but held above $40 as traders awaited a summit of key oil producers next week to discuss freezing output and easing the supply glut. Analysts said prices were expected to see-saw before Sunday’s meeting in the Qatari capital Doha that will bring together both OPEC producers led by Saudi Arabia ...

Beijing / Bloomberg CRRC Corp., China’s only maker of high-speed locomotives, said it’s interested in investing in more US cities after winning a $1.3 billion rail-car contract from Chicago’s transport authorities. The company is bidding for a subway project in Los Angeles and a double-deck train contract in Philadelphia, CRRC Vice-President Yu Weiping said in an interview in Manhattan, without ...

Sydney / AFP It may be the smallest-denominated Australian dollar banknote, but a new design for the Aus$5 bill attracted an outsized amount of criticism when it was unveiled Tuesday, with detractors calling it “hideous” and “like vomit”. The note, which will replace its more bland predecessor from September 1, features a yellow Prickly Moses wattle flower and a colourful ...