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German industrial output posts biggest surge since July 2011

German industrial output posts biggest surge since July 2011

BERLIN (Reuters) - German industrial production jumped more than expected in August, posting its biggest monthly increase in more than six years, data showed on Monday, in a further sign that Europe’s biggest economy is set for solid growth in the third quarter. Industrial output...

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

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...

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Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint

Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint

SINGAPORE (Reuters) - Oil prices edged up on Monday, after a 2 percent slide on Friday, as the number of rigs drilling for new oil in the United States dipped and on expectations that Saudi Arabia would continue to restrain its output to support the market. Meanwhile, oil ports,...

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Sweden's Ericsson proposes Ronnie Leten as new chairman

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...

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Israeli jets strike eastern Gaza: Witnesses      Explainer: Does Islamic State still pose a threat?      Jordan's PM appeals for more aid as most Syrian refugees set to stay      Britain strips citizenship from teenager who joined Islamic State in Syria      Funds raised for Syrian refugees who lost all seven children in Canada fire      Spanish king speaks out during Catalan separatists' trial      Three MPs quit May’s Conservatives over ‘dismal failure to stand up to’ hard Brexiteers      Germany resists pressure to ease Saudi arms export halt