The U.S. central bank must move "expeditiously" to bring too-high inflation to heel, Federal Reserve Chair Jerome Powell said on Monday, adding that it could use bigger-than-usual interest rate hikes if needed to do so.

Hong Kong Monetary Authority (HKMA) has decided to replace State Street Corp unit State Street Global Advisors (SSGA) as manager of the HK$111 billion ($14.2 billion) Tracker Fund of Hong Kong (TraHK), two sources told Reuters.

(Reuters) -U.S. department store Kohl's Corp said on Monday it was reviewing multiple preliminary offers to acquire the company as part of an ongoing review of the sale of its business.

The dollar was little changed versus a basket of major currencies on Monday, as investors looked toward comments from U.S. Federal Reserve Chair Jerome Powell and from a host of other Fed policymakers this week for insight on monetary policy.

LONDON (Reuters) -The dollar was steady versus major currencies on Monday, with investors awaiting remarks from U.S. Federal Reserve chair Jerome Powell later in the day and from other central bank policymakers this week for monetary policy clues.