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Dollar hovers at 10-week highs on Fed rate hike prospects

NEW YORK (Reuters) - The dollar was firm against a basket of currencies on Monday, hovering at a 10-week high, as surprisingly stronger U.S. wages data in September bolstered bets the Federal Reserve would hike interest rates in December. Strength on Wall Street with the Dow and Nasdaq...

Wall Street ends lower; healthcare slides

NEW YORK (Reuters) - Wall Street fell from record levels on Monday as gains in Microsoft (MSFT.O) and other technology stocks failed to offset a drop in General Electric (GE.N) and a slide in healthcare stocks. Based on the latest available data, the Dow Jones Industrial Average .DJI...

Fight to drive Daesh from Syria bastion Raqqa nears end

US-backed fighters say they are nearing the "final week" of their assault to drive Daesh (ISIS) from their one-time Syrian bastion Raqqa, as the extremists' self-described caliphate crumbles. Losing Raqqa would be only the latest in a series of crushing defeats for the extremist group,...

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 lacking...

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...

Turkish troops begin reconnaissance mission in Idlib

Turkish troops have begun reconnaissance activities in Syria’s Idlib province as part of an international agreement to establish de-escalation zones, the military said Monday. The operation in the northwestern region, which borders Turkey’s Hatay province, was launched on Sunday under a...

Merkel settles migrant row with allies to pursue coalition

BERLIN (Reuters) - German Chancellor Angela Merkel’s Christian Democrats (CDU) reached a deal on migrant policy with her conservative Bavarian allies on Sunday, removing a major obstacle to pursuing talks on a coalition with other parties. In an apparent concession, Merkel agreed to put...

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...

UAE hopeful of extension to oil output cut deal

ABU DHABI (Reuters) - The United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Sunday he was hopeful producers will reach a consensus on extending an oil output cut next month. “We are hopeful that the meeting in November will be a good meeting, that it will not...