Economic Calendar - Top 5 Things to Watch This Week
Yesterday, 11:15 - Oil prices will react when markets open after an attack on a key Saudi production facility, amid uncertainty over how much global supply will be disrupted. Investors are also bracing for another interest rate cut from the Federal Reserve this week, as well as a flurry of rate decisions from other world central banks. Here’s what you need to know to start your week. Oil set to jump after Saudi attack Saturday's attacks ..
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Hibino beats doubles partner Doi to clinch Hiroshima title
Yesterday, 11:12
(Reuters) - Japan's Nao Hibino beat compatriot and doubles partner Misaki Doi 6-3 6-2 at the Hana-cupid Japan Women's Open in Hiroshima on Sunday to win her first WTA title since 2015. The two unseeded players were playing in the first all-Japanese WTA Tour final in 22 years and Hibino, who ousted top seed Hsieh Su-Wei in the quarter-finals, wrapped up the contest in 68 minutes. Although Doi broke early twice in the opening set to take ..
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Belgium's pick for EU Commission faces graft inquiry
Yesterday, 11:09
BRUSSELS (Reuters) - Belgium's candidate for the incoming European Commission, Foreign Minister Didier Reynders, faces a preliminary probe into accusations of money laundering in the Democratic Republic of Congo, Belgian authorities and two newspapers said. The accusations were made by an ex-member of Belgium's intelligence services, Brussels's state prosecutor's office said late on Saturday, declining to give more details. ..
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Syrian government artillery pounds south Idlib: rescuers
Yesterday, 11:06
BEIRUT (Reuters) - Syrian troops shelled the south of Idlib on Sunday, according to rescuers and residents in the rebel stronghold where a ceasefire had halted a fierce army offensive two weeks ago. Artillery fire battered Maarat al-Numan town and nearby villages in the south Idlib countryside over the past two days, after warplanes struck there on Thursday. A rebel official said fighters were on high alert and had reinforced the frontlines. "We ..
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Turkey says delivery of second S-400 battery complete
Yesterday, 11:03
ANKARA (Reuters) - Turkey's defense ministry said on Sunday that the delivery of a second battery of Russian S-400 missile defense systems has been completed as of Sunday, and added that the systems would become active in April 2020. The initial parts of the system, which Washington says are not compatible with NATO defenses, were delivered to Ankara in July despite warnings about possible U.S. sanctions over the purchase. ..
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Top 25 roundup: Florida loses Franks, rallies past Kentucky
Yesterday, 10:03
No. 9 Florida, with backup quarterback Kyle Trask under center, scored three fourth-quarter touchdowns to rally for a 29-21 victory over Kentucky on Saturday night in their SEC matchup in Lexington, Ky. Trask, who entered the game after third-year starter Feleipe Franks dislocated his ankle and was carted off, completed 9 of 13 passes for 126 yards. He also rushed 4 yards for the go-ahead touchdown with 4:11 remaining. Running back Lamical ..
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Saudis Race to Restore Oil Output After Crippling Aramco Attack
Yesterday, 09:09
(Bloomberg) -- Saudi Arabia is racing to restore oil production after a brazen drone strike on a key Aramco facility slashed its output by half, or about 5% of world supply, an assault that the U.S. has blamed on Iran. State energy producer Saudi Aramco lost about 5.7 million barrels per day of output after 10 unmanned aerial vehicles on Saturday struck the world’s biggest crude-processing facility in Abqaiq and the kingdom’s second-biggest oil ..
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Saudi, Gulf stocks fall after attack on Aramco oil plants
Yesterday, 09:06
By Saeed Azhar DUBAI (Reuters) - Saudi stocks (TASI) plunged 2.3% as the market opened on Sunday, after attacks on two plants at the heart of the kingdom's oil industry a day earlier knocked out more than half of Saudi crude output. Sunday's decline extended a losing spree for Saudi stocks, which in recent weeks have been hit by expensive valuations, weak oil prices and concerns about the economic outlook. The drone attacks were ..
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Brexit minister Barclay says UK making progress on exit deal, but significant work remains
Yesterday, 09:03
LONDON (Reuters) - Britain is making progress towards a Brexit deal but significant work remains to be done, Brexit minister Stephen Barclay told Sky News on Sunday. "There's been a huge amount of work going on behind the scenes. We can see a landing zone in terms of a future deal but there is significant work still to do," Barclay said. Barclay said he would be meeting EU negotiator Michel Barnier on Monday. ..
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UAE aviation authority not optimistic Boeing 737 MAX will return this year
Yesterday, 08:12
DUBAI (Reuters) - The head of the United Arab Emirates' General Civil Aviation Authority said on Sunday he was not optimistic the Boeing (NYSE:BA) 737 MAX would return to operations in the fourth quarter of this year and it was more likely to be in the first quarter of 2020. Director General Saif Mohammed al-Suwaidi told reporters in Dubai that the UAE would conduct its own separate re-certification of the aircraft, rather than follow the ..
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Latest News

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 - 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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Australia's property recovery remains in-house as rest of economy struggles to motor on
Today, 03:15
By Swati Pandey SYDNEY (Reuters) - When Michael Jiang scored a liquor license four years back, he had hoped it would help drive more sales at his struggling small grocery business in Sydney. Fast forward to the present, and Jiang finds himself wrestling with new challenges as stingy consumers and price wars have done little to boost earnings in an economy growing at its slowest pace in a decade. Moreover, even a welcome revival in the property ..
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Asian Markets Mixed; Central Bank Meetings in Focus This Week
Today, 03:12 - Asian markets were mixed in morning trade on Monday. Central banks meeting will be in focus this week. The U.S. Federal Reserve is widely expected to lower interest rates again at the conclusion of its two day policy meeting on Wednesday.Thursday will bring policy meetings in Japan, the U.K., Norway and Switzerland. The Hang Seng index dropped 1.1% by 10:30 PM ET (02:30 GMT) as Hong Kong entered its fifteenth week of ..
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