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London
Stocks boosted by energy and mining sectors
Shares of core and energy companies on Monday boosted strong gains in European indices the previous week on higher commodity prices.
The STOXX 600 index of European shares rose 0.1 percent in early trade after hitting its best in three weeks on Friday as the euro fell.
The Stoxx 50 index of leading shares in the euro zone rose 0.1 percent, while German and British shares gained 0.2 percent. Mining stocks gave the biggest boost to gains in the European main index, with the sector index up 1.3 percent as copper and iron prices rose. Shares of ArcelorMittal, BHP Billiton, Anglo American and Glencore rose 1.7 percent to 3.7 percent, the biggest gains among European firms.
Crude oil gains helped oil stocks rise to a six-week high.
TEHRAN (Reuters) -
Iran's biggest auto
deal in history, Renault and France's Renault Group, have signed a deal to produce 150,000 cars from 2018.
The deal is valued at 660 million euros ($ 778 million) The official IRNA news agency reported.
The deal is expected to create 3,000 jobs in the two companies: the government Idro, the private Berto Nguyen Naseh group, and the Renault group, which is 60 percent partner in the deal.
The deal comes after the lifting of international sanctions, which followed the conclusion of the nuclear agreement in 2015 with world powers.
The French company Peugeot - Citroen for the production of cars, reached an agreement last year with Khodro to establish a plant to produce 200 thousand cars annually.
The Iranian authorities hope the number of cars produced in the country to 3 million cars annually by 2025, according to the Associated Press.
SEOUL,
Aug. 12 (
Xinhuanet) - South Korea's media has demanded that the vice president of the Samsung Group be jailed for corruption and bribery, South Korean media reported.
South Korea's Yonhap agency said on Monday that prosecutors had demanded a 12-year sentence for Lee Jie-young, 49.
Lee has been detained since February and is being tried for corruption in the scandal that toppled South Korean President Pak John Hai.
The case is due to be heard on August 27, the date of the end of his detention
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