S&P Global Platts sees Saudi oil strikes driving up risk premium in crude market
Yesterday, 23:18
(Reuters) - Attacks on Saudi oil plants have boosted concerns about supply security in the Middle East and should raise the risk premium in the global crude market, shifting focus from a gloomy economic backdrop, S&P Global Platts said on Sunday. "The sudden change in geopolitical risk warrants not only an elimination of the $5-10 a barrel discount on bearish sentiment, but adds a potential $5-10 a barrel premium to account for now-undeniably ..
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Niemann makes history for Chile with Greenbrier win
Yesterday, 23:15
(Reuters) - Joaquin Niemann got stronger as the day went on to become the first Chilean to win on the PGA Tour, claiming a six-shot victory at the Greenbrier Classic in West Virginia on Sunday. Tied at the ninth hole following a bogey, the 20-year-old, who had led most of the day, dropped in six birdies on the back nine, including three consecutive to end play, as he shot a six-under 64 at White Sulphur Springs. Not even a bogey at the 15th ..
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Trump to meet with India, Australia leaders in U.S. next week
Yesterday, 23:12
WASHINGTON (Reuters) - U.S. President Donald Trump will meet next week with the leaders of India and Australia at events in Texas and Ohio to promote trade and investment. The White House said Trump will travel to Houston, Texas, on Sept. 22 to participate in an event with Prime Minister Narendra Modi of India and to "discuss ways to deepen their energy and trade relationship." Trump will then travel to Wapakoneta, Ohio, where he will be joined ..
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Colombia plane crash kills seven: authorities
Yesterday, 23:09
BOGOTA (Reuters) - A small plane crashed near the southwestern Colombian city of Popayan on Sunday, killing seven of the nine passengers aboard, the city's mayor and the country's civil aviation authority said. The incident occurred just a few minutes after the aircraft, owned by a small local company, took off from the airport in Popayan, a city of about 270,000 surrounded by mountains. The other two passengers were injured and were ..
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OAS peace mission to Nicaragua says denied entry by Ortega government
Yesterday, 23:06
MANAGUA (Reuters) - A commission from the Organization of American States seeking to help broker an end to a political crisis in Nicaragua said on Sunday the government of President Daniel Ortega had barred its entry into the Central American country. In a statement, the OAS said the delegation made up of representatives from the United States, Canada, Argentina, Paraguay and Jamaica had been informed by Nicaragua's migration authorities ..
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UK PM Johnson: Progress in next few days key to Brexit deal chances
Yesterday, 23:03
LONDON (Reuters) - British Prime Minister Boris Johnson said on Sunday the next few days would be key to his chances of securing a Brexit deal, and that an agreement with the European Union was still his aim and still possible. With less than seven weeks remaining until Britain is due to leave the European Union, Johnson has yet to strike a deal with Brussels to manage the unprecedented separation between the world's fifth largest economy ..
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Attack on Saudi oil facility came from direction of Iran, not Yemen: U.S. official
Yesterday, 21:09
By Rania El Gamal and Parisa Hafezi DUBAI (Reuters) - The attack on Saudi Arabia's oil facilities on Saturday that has threatened global oil supplies came from the direction of Iran, and cruise missiles may have been used, according to a senior U.S. official. The comments added heft to Washington’s accusation that Iran was behind the attacks that knocked out more than 5% of global oil supply, instead of the Yemeni Houthi group that claimed ..
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Top Democrats tell Trump gun bill must include universal background checks
Yesterday, 21:06
WASHINGTON (Reuters) - Top Democrats in Congress told Republican President Donald Trump on Sunday that any gun control legislation that falls short of universal background checks for gun sales “will not get the job done." Senate Minority Leader Chuck Schumer and House of Representatives Speaker Nancy Pelosi said they spoke to Trump by phone on Sunday morning, which marked 200 days since the Democratic House passed legislation to expand ..
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Mexico targets former attorney general in probe of missing students case
Yesterday, 21:03
MEXICO CITY (Reuters) - Mexican prosecutors will target a former attorney general and his top aides in their investigation into the handling of a controversial probe into the disappearance five years ago of 43 student teachers, a government official said on Sunday. The attorney general's office said on Saturday prosecutors would hold to account those who oversaw the widely-panned probe into the abduction and apparent massacre of the trainee ..
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Oil May Jump as Much as $10 a Barrel After Saudi Arabia Attack
Yesterday, 20:09
(Bloomberg) -- Oil analysts expect prices to jump at least $5 to $10 a barrel Monday after a strike on a key facility cut Saudi Arabia’s production by half, pulling some 5% of world supply off the market. Saudi Aramco lost about 5.7 million barrels per day of output after several unmanned aerial vehicles on Saturday struck the world’s biggest crude-processing facility in Abqaiq and the kingdom’s second-biggest oil field in Khurais. It could take ..
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Latest News

U.S. Stock Index Futures Slide After Oil Jumps on Drone Attack
Today, 04:18
(Bloomberg) -- U.S. stock index futures dropped as global oil prices surged the most on record after a drone strike on a Saudi Arabian oil facility increased geopolitical risk concern. S&P 500 Index futures expiring in December dropped as much as 0.8% as of 9:25 a.m. in Singapore. Contracts slumped 1.4% on the Nasdaq 100 and declined 0.8% on the Dow Jones Industrial Average. Brent crude soared as much as 19.5% and West Texas Intermediate added ..
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Hong Kong's World Class Subway in Crisis After Repeated Attacks
Today, 04:15
(Bloomberg) -- From Sydney to Stockholm, governments looking for help with their rail systems turn to Hong Kong’s MTR Corp., renowned for its speedy, clean and reliable commuter trains. That polished image is now tarnished at home, as months of unrest frequently boils into violence and vandalism on Hong Kong’s subway. MTR facilities have looked more like battlefields on some weekends. Protesters have smashed windows and set fires blazing outside ..
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Next Trump Tariffs May Soon Hit Europe’s Luxury-Goods Exporters
Today, 04:12
(Bloomberg) -- Some of Europe’s top luxury brands are targeted in President Donald Trump’s latest tariff salvo, which could affect billions of dollars in exports of American-bound whiskeys, wine, Champagne, handbags and men’s suits. A panel of three World Trade Organization arbiters, as expected, said Friday the U.S. can legally impose tariffs on an array of European exports in retaliation for Europe’s illegal government aid to Airbus SE. EU ..
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China’s Economy Slows as Industrial Output Weaker Than Expected
Today, 04:09
(Bloomberg) -- China’s economy slowed further in August, indicating current stimulus policies may not be enough to shield the economy from the worsening effects of the trade war with the U.S. Industrial output rose 4.4% from a year earlier, versus a median estimate of 5.2%. Retail sales expanded 7.5%, compared to a projected 7.9% increase. Fixed-asset investment slowed to 5.5% in the first eight months, versus a forecast 5.7%Key Insights The ..
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OxyContin maker Purdue Pharma files for bankruptcy protection
Today, 04:06
By Mike Spector NEW YORK (Reuters) - OxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York Sunday night, succumbing to pressure from more than 2,000 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic. Purdue's board met Sunday evening to approve the long-expected bankruptcy filing, which the company is pursuing to restructure under terms of a proposal to settle the widespread litigation. Purdue ..
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China’s Industrial Production Growth Slows to 17-Year Low in August
Today, 04:03
Investing.com - China’s industrial production growth slowed to 17-year low in August, data from the National Bureau of Statistics (NBS) showed on Monday. The industrial production rose 4.4% in August from a year earlier, less than the forecasted 5.2% and July’s 4.8%. Official data showed slumps in both manufacturing and mining activities. Manufacturing grew by 4.3% during the month, down from 4.4% in July. Mining output, meanwhile, ..
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