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Updated: 9 hours 26 min ago

IEA says oil markets 'well supplied' after attack in Saudi Arabia

Sat, 09/14/2019 - 23:38
The International Energy Agency said on Saturday it is closely monitoring the situation in Saudi Arabia following drone attacks on oil production facilities in the country.

Italy's economy minister urges caution over privatisations

Sat, 09/14/2019 - 23:17
Italy's economy minister Roberto Gualtieri said on Saturday that privatisation targets set by the previous Italian government were "unrealistic", and warned the sale of government shares in public companies should be handled with caution.

EU finance ministers back push for simpler fiscal rules

Sat, 09/14/2019 - 23:07
European Union finance ministers backed on Saturday a simplification of the EU's fiscal rules to make them more transparent and predictable, but more work is needed before any changes are agreed, a senior European Commission official said.

Iran says it will adopt maximum crude output policy if U.S. lifts sanctions

Sat, 09/14/2019 - 23:04
Iran will adopt a policy of maximum crude production if the United States lifts sanctions on the country's oil industry, Iranian Oil Minister Bijan Zanganeh said on Saturday.

Corrected: U.S. House panel wants Boeing CEO to allow employee interviews on 737 MAX crashes

Sat, 09/14/2019 - 22:38
(In SEPT 12 story, corrects name of European Union Aviation Safety Agency from European Aviation and Space Agency in paragraph 10)

Corrected: What needs to happen before Boeing's 737 MAX can fly again

Sat, 09/14/2019 - 20:35
(In SEPT 13 story, corrects name of European Union Aviation Safety Agency from European Aviation and Space Agency in paragraph 15)

India announces measures to boost exports as economy loses steam

Sat, 09/14/2019 - 20:10
India will relax rules for lending to priority sectors, Finance Minister Nirmala Sitharaman said on Saturday, forecasting the move could lead to banks providing up to an extra 680 billion rupees ($9.6 billion) of export credit to help revive a slowing economy.

Saudi Arabia's oil supply disrupted after drone attacks: sources

Sat, 09/14/2019 - 19:49
Saudi Arabia's oil production and exports have been disrupted, said three sources familiar with the matter, after drone attacks on two Aramco plants on Saturday, including the world's biggest oil processing facility.

India sets up fund to complete stalled housing projects

Sat, 09/14/2019 - 19:27
India on Saturday announced a series of measures to revive the housing sector and boost exports as the government tries to kick-start an economy hit by a lending crisis and a slowdown in demand.

Iran signs $440 million deal with local firm to develop Gulf gas field

Sat, 09/14/2019 - 15:27
Iran signed a $440 million contract on Saturday with local company Petropars to develop the Belal gas field in the Gulf, Iranian state television reported, saying the country's vital energy sector was active despite U.S. sanctions.

Police probing AB InBev in New Delhi tax evasion case

Sat, 09/14/2019 - 08:29
Police in India's capital New Delhi are probing a case of alleged tax evasion involving Anheuser-Busch InBev, according to a police officer and a document seen by Reuters, a setback for the brewer already battling a three-year city ban.

As Peloton prepares IPO, music publishers seek to double lawsuit to $300 million

Sat, 09/14/2019 - 05:35
Music publishers have asked a federal judge to let them double their lawsuit against Peloton Interactive Inc to $300 million, saying the maker of stationary bicycles has streamed more than 2,000 workout videos used without permission.

Apple has sour reaction to Goldman Sachs' analyst note

Sat, 09/14/2019 - 05:25
Apple Inc struck out at a Goldman Sachs Group Inc analyst on Friday in a relatively rare public dust-up between a blue chip Wall Street firm and its client.

Disney CEO Bob Iger resigns from Apple board as TV battle looms

Sat, 09/14/2019 - 04:44
Apple Inc said on Friday that Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company's board of directors on Sept. 10 as the two companies prepare to compete head-to-head in the streaming television business.

Greenpeace members face federal, state charges in Houston protest

Sat, 09/14/2019 - 04:27
Federal and state authorities on Friday criminally charged climate change protesters for shutting down the largest U.S. energy-export port for a day by dangling from a bridge.

Exclusive: WeWork considers dramatic valuation cut in IPO

Sat, 09/14/2019 - 04:03
WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.

Wall Street Week Ahead: With rate cut likely, market wonders how low Fed will go

Sat, 09/14/2019 - 03:29
With U.S.-China trade tensions roiling markets, investors are counting on support for stocks coming from a Federal Reserve willing to keep cutting interest rates to help the U.S. economy avoid a severe downturn.

S&P edges lower as Apple weighs, trade tensions ease

Sat, 09/14/2019 - 03:24
The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling U.S.-China trade tensions.

France, Germany blast Facebook's Libra, back public cryptocurrency

Sat, 09/14/2019 - 02:46
France and Germany said on Friday that Facebook Inc's Libra currency posed risks to the financial sector that could block its authorisation in Europe, and backed the development of an alternative public cryptocurrency.

Oil dips as demand concerns counter U.S.-China trade hopes

Sat, 09/14/2019 - 02:25
Oil prices edged lower on Friday and posted weekly losses, as concerns about slower global economic growth outweighed hints of progress in the U.S.-China trade dispute.