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Home2019

Year: 2019

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Business News

Saudi Arabia to invite U.N. experts to investigate oil attack: statement

September 17, 2019 admin Comments Off on Saudi Arabia to invite U.N. experts to investigate oil attack: statement

Saudi Arabia will invite international experts including from the United Nations to participate in investigating an attack on its oil facilities and called on the world to condemn those behind it, its foreign ministry said on Monday.

…read more […]

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Business News

Atlantia CEO resigns in Benetton-led shake up

September 17, 2019 admin Comments Off on Atlantia CEO resigns in Benetton-led shake up

The Benettons ushered in a change of guard at Italian infrastructure group Atlantia , replacing its powerful CEO with a management committee, as they move to deal with fallout from a deadly bridge collapse.

…read more […]

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Business News

Saudi Arabia to restore oil output fully by end of September: energy minister

September 17, 2019 admin Comments Off on Saudi Arabia to restore oil output fully by end of September: energy minister

Saudi Arabia will restore its lost oil production by the end of September and has managed to recover supplies to customers to the levels they were at prior to weekend attacks on its facilities by drawing from its huge oil inventories.

…read more […]

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Business News

Oil plummets 6% as Saudi minister says supplies fully restored

September 17, 2019 admin Comments Off on Oil plummets 6% as Saudi minister says supplies fully restored

Oil prices tumbled about 6% on Tuesday after Saudi Arabia’s energy minister said the country has managed to restore oil supplies to where they stood before weekend attacks on its facilities shut 5% of global oil output.

…read more […]

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Business News

U.S. FAA to brief international regulators on status of Boeing 737 MAX

September 17, 2019 admin Comments Off on U.S. FAA to brief international regulators on status of Boeing 737 MAX

Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to an informal briefing in Montreal next week on the status of the grounded Boeing 737 MAX, according to an email seen by Reuters.

…read more […]

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Business News

Oil falls as supply worries fade; stocks edge higher

September 17, 2019 admin Comments Off on Oil falls as supply worries fade; stocks edge higher

Oil prices dropped sharply on Tuesday after Saudi Arabia’s energy minister said the kingdom has fully restored its oil supply following an attack over the weekend that shut 5% of global oil output.

…read more […]

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Business News

Adobe fourth-quarter revenue forecast disappoints; shares drop

September 17, 2019 admin Comments Off on Adobe fourth-quarter revenue forecast disappoints; shares drop

Adobe Inc on Tuesday forecast fourth-quarter revenue below Wall Street expectations as the software maker faces intense competition in a fast-growing cloud market, sending shares down 4.3% in after-market trading.

…read more […]

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Business News

Wall Street rises as oil fears recede, market awaits Fed

September 17, 2019 admin Comments Off on Wall Street rises as oil fears recede, market awaits Fed

Wall Street ended higher on Tuesday as the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded and investors awaited a widely expected Fed interest rate cut on Wednesday.

…read more […]

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Business News

Saudi oil attacks came from southwest Iran, U.S. official says, raising tensions

September 17, 2019 admin Comments Off on Saudi oil attacks came from southwest Iran, U.S. official says, raising tensions

The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday, an assessment that further increases tension in the Middle East.

…read more […]

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Business News

U.S. believes attack on Saudi Arabia came from southwest Iran

September 17, 2019 admin Comments Off on U.S. believes attack on Saudi Arabia came from southwest Iran

The United States believes Saturday’s attack on Saudi Arabia’s oil facilities were launched from Iran, two U.S. officials told Reuters on Tuesday, with one of them saying it originated in Iran’s southwest.

…read more […]

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Business News

Big banks score win as U.S. regulator proposes easing post-crisis derivatives rules

September 17, 2019 admin Comments Off on Big banks score win as U.S. regulator proposes easing post-crisis derivatives rules

A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration.

…read more […]

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Business News

Official says U.S. believes Saudi attacks came from southwest Iran

September 17, 2019 admin Comments Off on Official says U.S. believes Saudi attacks came from southwest Iran

The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday, giving an assessment that further increases tension in the Middle East.

…read more […]

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Business News

FAA to brief international regulators on status of Boeing 737 MAX

September 17, 2019 admin Comments Off on FAA to brief international regulators on status of Boeing 737 MAX

Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to a Sept. 23 informal briefing in Montreal on the status of the grounded Boeing 737 MAX, according to an email seen by Reuters.

…read more […]

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Business News

Saudi energy minister says no urgent OPEC meeting: Al Arabiya TV

September 17, 2019 admin Comments Off on Saudi energy minister says no urgent OPEC meeting: Al Arabiya TV

There will be no urgent OPEC meeting, the‮ ‬Saudi energy minister Prince Abdulaziz bin Salman said, Al Arabiya television reported on Tuesday after the weekend attacks on its facilities.

…read more […]

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Business News

U.S. official says Washington believes Saudi attacks came from southwest Iran

September 17, 2019 admin Comments Off on U.S. official says Washington believes Saudi attacks came from southwest Iran

The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday, giving an assessment that further increases tension in the Middle East.

…read more […]

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