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Falih said he would not rule out the possibility that Saudi Arabia would produce between 1 and 2 million barrels per day (bpd) more than current levels in future. Oil in NY slid more than 5% in Tuesday's session as Saudi Arabia pledged to meet any supply shortfalls and as a risk-off sentiment spread throughout global markets.
  • Saudis Reportedly Plan To Announce Jamal Khashoggi Was Killed Accidentally

    Saudis Reportedly Plan To Announce Jamal Khashoggi Was Killed Accidentally

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    Secretary of State Mike Pompeo is now in Saudi Arabia meeting royalty amid growing worldwide tension over the disappearance of prominent Saudi journalist Jamal Khashoggi . "Just spoke with the Crown Prince of Saudi Arabia who totally denied any knowledge of what took place in their Turkish Consulate", Trump tweeted .
  • Mega Millions jackpot jumps to a whopping $868M

    Mega Millions jackpot jumps to a whopping $868M

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    The winning numbers - drawn at 8 p.m. PST - were 3, 45, 49, 61 and 69 with 9 as the Mega Ball number. The chance of matching all six numbers and taking home the grand prize is one in 302.5 million, while the odds of winning any Mega Millions prize are one in 24, Reuters reported.
  • Sanctions against Saudi would ‘rock the world’ says Saudi state owned press

    Sanctions against Saudi would ‘rock the world’ says Saudi state owned press

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    King Salman over the weekend ordered the Saudi public prosecutor to investigate the fate of Jamal Khashoggi , partly due to information received from Turkish authorities, the Saudi official said on Monday. But Mr Khashoggi's disappearance has led several business leaders and media outlets to back out of the upcoming investment conference in Riyadh called the Future Investment Initiative.
  • Trump says 'rogue killers' may be behind Khashoggi disappearance

    Trump says 'rogue killers' may be behind Khashoggi disappearance

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    Turkish authorities have claimed he was murdered in the consulate by Saudi operatives, an allegation the Saudi government strongly denies. Fox News host Shepard Smith dismissed President Donald Trump's theory that " rogue killers " could be responsible for the disappearance of Washington Post contributor Jamal Khashoggi .
  • Last Sears department store in Louisville closing after company files for bankruptcy

    Last Sears department store in Louisville closing after company files for bankruptcy

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    Workers at the company now face an uncertain future although given the travails of recent years, that is nothing new - having employed more than 300,000 people a decade ago, the company's workforce is now down to 68,000. Strong sales in the upcoming holiday season will be key in determining that. Some have even turned out worse than the Kmart debt that Lampert eventually converted into post-bankruptcy control of the company.
  • Arab, Muslim leaders voice solidarity with Saudi Arabia

    Arab, Muslim leaders voice solidarity with Saudi Arabia

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    President Donald Trump has said the U.S. will inflict " severe punishment " on Saudi Arabia if the kingdom is found to be responsible for the death of Mr Khashoggi . Saudi Arabia's shares plunged as much as 7 percent on Sunday as investors anxious about deteriorating relations with the worldwide community after the disappearance of Saudi journalist Jamal Khashoggi .
  • Finance minister to attend annual IMF, World Bank meetings

    Finance minister to attend annual IMF, World Bank meetings

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    Obstefeld commented: "Last April, at the time of our last World Economic Outlook , the world economy's broad-based momentum led us to project a 3.9 percent growth rate for both this year and next. Although the report said the sub-Saharan African economy was recovering from 2.7 per cent in 2017 to an average rate of about 3.1 per cent in 2018 and 3.8 per cent next year.
  • Wall Street Yo-Yos in Early Trading Thursday

    Wall Street Yo-Yos in Early Trading Thursday

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    Although the losses were widespread, stocks that have been the biggest winners on the market, including technology companies and retailers, suffered steep declines. Berkshire Hathaway dipped 4.7 percent to $213.10 and reinsurer Everest Re slid 5.1 percent to $217.73. Those rates have been climbing after several encouraging reports on the economy.
  • US Investigators Probe Khashoggi's Disappearance in Turkey

    US Investigators Probe Khashoggi's Disappearance in Turkey

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    A senior Turkish official told the Times that they think Khashoggi was killed within two hours of entering the consulate, and that a team of Saudi agents then destroyed his body. Earlier Wednesday, Corker, who as the Chairman of the US Senate Foreign Relations Committee has seen US intelligence reports, said that "the likelihood is he was killed on the day he walked into the consulate" and that "there was Saudi involvement" in whatever happened to Khashoggi.
  • FSU cancels classes as Hurricane Michael heads toward Panhandle

    FSU cancels classes as Hurricane Michael heads toward Panhandle

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    A Storm Surge Watch and Tropical Storm Watch have both been issued for coastal areas including Citrus, Hernando, Hillsborough, Levy, Manatee, Pasco, and Pinellas counties. It's forecast to move toward the Baja this week and eventually make landfall as a tropical storm by week's end. When looking at the forecast cone, remember this represents where the center of the storm will go, and it could be anywhere within the cone of uncertainty.
  • Trudeau sets out to sell Canadians on trade pact

    Trudeau sets out to sell Canadians on trade pact

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    The new deal was "terrific" for all three countries, he added. "This trade pact will provide our farmers and ranchers with much needed export market certainty and will strengthen the relationship with two of our most important trading partners", said Sen.
  • Petrol, Diesel cheaper by Rs 5 from midnight

    Petrol, Diesel cheaper by Rs 5 from midnight

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    The move has come as a relief to commuters who were expecting the prices, at the current rate, to cross Rs 90 per litre for petrol and Rs 85 per litre for diesel. Shares of Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd extended losses and were down as much as 24.38% to 27.96%.
  • Toyota recall: millions of potentially faulty hybrid vehicles

    Toyota recall: millions of potentially faulty hybrid vehicles

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    The recall impacts about 2.4 million vehicles - 1.25 million in Japan and 830,000 in North America, Toyota spokesman Jean-Yves Jault told Bloomberg Friday. The problem would be fixed by means of a software upgrade that would take about 40 minutes, he said. The problem identified arises when the cars fail to enter "failsafe driving mode as intended".
  • Alberta dairy farmers anxious about USMCA

    Alberta dairy farmers anxious about USMCA

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    Donald Trump says the new trade deal struck with Canada and Mexico is "the most important" ever agreed by the US. Trump needed a win even when the United States wasn't really losing, as was the case with Canada, if not Mexico. "The US has influence over Canada and Mexico, and China can't change that", Wang said. Wang Heng, co-director of UNSW Law's China International Business and Economic Law initiative in Sydney, said it was more about China wanting to "cool down" its comments ...