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Samsung Elec CEO Kwon Oh-hyun to step down from management

SEOUL (Reuters) - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun had decided to step down from management, as it forecast record third-quarter profits on the back of soaring memory chip prices. The surprise resignation comes as Kwon was expected to take...

Dollar treads water as investors await U.S. inflation data

TOKYO (Reuters) - The dollar steadied in early Asian trading on Friday, on track for weekly losses as investors awaited U.S. inflation data to gauge the likelihood that the Federal Reserve will stick to its plan to raise interest rates again this year. The Singapore dollar SGD= slipped...

Palestinian rivals Fatah, Hamas reach reconciliation deal

(Reuters) - Rival Palestinian factions Hamas and Fatah reached a deal over political reconciliation on Thursday after Hamas agreed to hand over administrative control of the Gaza enclave the group has controlled for more than a decade. Hamas chief Ismail Haniyeh announced the...