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China shares hit 21-month high; Turkish lira takes a dive

SYDNEY (Reuters) - Chinese shares climbed on Monday after a week-long break as a disappointing survey on the country’s service sector did little to dent optimism on global growth, while political uncertainty caused turbulence for the Turkish and British currencies. Liquidity was...

Sweden's Ericsson proposes Ronnie Leten as new chairman

STOCKHOLM (Reuters) - Struggling mobile telecom gear maker Ericsson proposed Ronnie Leten, former CEO at Atlas Copco, as its new chairman, it said on Monday. “Mr Leten is a very skilled businessman, technically savvy and strategically versatile,” Johan Forssell, chairman of the...

Iran warns U.S. against imposing further sanctions

(Reuters) - Iran warned the United States against designating its Revolutionary Guards Corp as a terrorist group and said U.S. regional military bases would be at risk if further sanctions were passed. The warning came after the White House said on Friday that President Donald Trump...