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Updated: 9 hours 23 min ago

Germany's car watchdog sets Audi ultimatum to remove illegal diesel software: report

Sun, 09/15/2019 - 23:22
Germany's motor vehicle authority (KBA) has told Volkswagen's premium brand Audi that it faces penalties for its failure to remove illegal software from diesel cars that can manipulate emissions levels, the Bild am Sonntag (BamS) newspaper reported.

Iran dismisses U.S. claim it was behind Saudi oil strikes, says ready for war

Sun, 09/15/2019 - 22:45
Iran rejected accusations by the United States that it was behind attacks on Saudi oil plants that risk disrupting world energy supplies and warned on Sunday that U.S. bases and aircraft carriers in the region were in range of its missiles.

Benetton holding says dismayed by road probe, hints at action

Sun, 09/15/2019 - 22:39
Edizione, the Benetton family holding company which has a controlling stake in Italian infrastructure group Atlantia, said at the weekend it was dismayed by revelations of alleged safety violations in its road operations.

As talks falter, UAW calls first national strike against GM since 2007

Sun, 09/15/2019 - 22:24
The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years.

EU warns of instability after Saudi oil attacks

Sun, 09/15/2019 - 21:15
The European Union warned on Sunday of a "real threat to regional security" in the Middle East after attacks on Saudi oil plants that risk disrupting global energy supplies and for which Yemen's Iran-aligned Houthi group claimed responsibility.

After LSE's sharp rebuff, HKEX begins investor charm offensive

Sun, 09/15/2019 - 20:34
Hong Kong Exchanges and Clearing is embarking on a three-week charm offensive with London Stock Exchange investors as the Asian trading house tries to salvage its proposed $39 billion takeover offer.

Saudi, Gulf stocks fall after attacks on Aramco oil plants

Sun, 09/15/2019 - 19:35
Saudi stocks fell sharply 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.

Aramco tells Indian refiner it will get oil: source

Sun, 09/15/2019 - 19:12
Saudi Aramco has told one Indian refinery there will be no immediate impact on oil supplies as it will deliver crude from other sources and had adequate inventory, a source with the refinery said on Sunday.

Fed trades 'remarkably positive' for 'no precedents' after volatile year

Sun, 09/15/2019 - 18:50
A year ago, U.S. Federal Reserve Chair Jerome Powell held a "remarkably positive outlook" for an economy enjoying a "historically rare" combination of good news including low unemployment, steady inflation and strong growth that were all expected to continue.

Analyst view: Saudi attacks raise spectre of oil at $100/barrel

Sun, 09/15/2019 - 16:55
The oil market will rally by $5-10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said.

Turkey says delivery of second S-400 battery complete

Sun, 09/15/2019 - 16:35
Turkey's defence ministry said on Sunday that the delivery of a second battery of Russian S-400 missile defence systems has been completed as of Sunday, and added that the systems would become active in April 2020.

Newsmaker: WeWork IPO spells rough landing for CEO Neumann

Sun, 09/15/2019 - 15:43
Adam Neumann showed he can capitalize on troubled times a decade ago, tapping into demand for workspace by those forced out of jobs in the aftermath of the financial crisis to grow WeWork into a global brand commanding a $47 billion valuation.

UAE regulator not optimistic on Boeing 737 MAX return this year

Sun, 09/15/2019 - 14:12
The head of the United Arab Emirates' General Civil Aviation Authority said on Sunday he was not optimistic that the Boeing 737 MAX would return to operations this year and that the first quarter of 2020 was more likely.

UAE waiting for Saudi Arabia's conclusions from drone attack investigation - official

Sun, 09/15/2019 - 13:43
The United Arab Emirates is waiting for the conclusions from Saudi Arabia's investigation into Saturday's drone attacks, an official told reporters on Sunday.

Saudi's full oil supply could take weeks to resume: source

Sun, 09/15/2019 - 13:41
Saudi Arabia's return to its full oil supply capacity after Saturday's attacks on Aramco oil plants could take "weeks not days", a source close to the matter told Reuters on Sunday.

Apple TV+ premieres with star-studded period drama 'Dickinson' at Tribeca Festival

Sun, 09/15/2019 - 11:44
Apple TV+ premiered its first show at the Tribeca TV Festival on Saturday, flaunting feminist snark, lavish period costumes and a star-studded cast in "Dickinson," a series that sheds a modern light on the life of an iconic American poet.

Global regulators to question Facebook's Libra amid EU concerns: paper

Sun, 09/15/2019 - 10:41
Global regulators will question Facebook on Monday about its Libra cryptocurrency, amid concerns from European Union governments over the threat the digital currency poses to financial stability, the Financial Times reported on Sunday.

U.S. readies emergency oil reserves in wake of Saudi attacks

Sun, 09/15/2019 - 10:12
The Trump administration said on Saturday it stood ready to tap U.S. emergency oil reserves if needed after attacks in Saudi Arabia shut more than half the crude output in the world's largest oil exporter.

Instant View: Reactions to attack on Saudi oil facilities

Sat, 09/14/2019 - 23:55
Yemen's Iran-aligned Houthi group on Saturday attacked two plants at the Abqaiq plant, the heart of Saudi Arabia's oil industry, in a strike that could impact about 5 million barrels per day of crude production - close to half of the kingdom's output or 5% of global oil supply.

Factbox: Inside Saudi Aramco's oil operations

Sat, 09/14/2019 - 23:54
Saudi Arabia's oil production and exports have been disrupted by