Writing the summary…
Brent gains 2.7% as Trump rejects Iranian proposal to reopen Hormuz Strait
Source: CNBC
Original reporting
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CNBC
SpaceX prepares to send Starship rocket to orbit for first time
Elon Musk's SpaceX is poised to launch a historic test flight of its massive Starship rocket early Monday.
CNBC
China posts weakest industrial profit growth this year, expanding 4.2% in August
Economists expect Beijing to lean harder on stimulus to stabilize corporate profitability, as consolidation accelerates in sectors facing sluggish demand and fierce competition.
CNBC
Northern Star shares pop as Australian gold miner rejects $27 billion takeover proposal
Northern Star shares jumped more than 9% after the Australian gold miner rejected a takeover proposal from Gold Fields.

BBC Business
Avanti West Coast services to be nationalised from March
The move is part of a plan to improve rail infrastructure, cut train delays and improve experiences for passengers.
CNBC
Trump-Xi summit analysis: 'Tangible outcomes' needed for U.S.-China truce to hold
U.S. President Donald Trump and Chinese President Xi Jinping met in Washington, D.C., last week and signaled plans to meet two more times this year.
CNBC
Apple, Microsoft, and Meta prove stock picking for individuals is not a fool's errand
Let's unpack this.