Saudi Arabia's oil output will be fully restored quicker than thought following weekend attacks on production facilities, two sources briefed on developments said on Tuesday, taking two or three weeks not months as initial indications suggested.
Saudi Arabia has yet to brief fellow OPEC members and other energy sector players about how long it will take to restore the country's oil output, OPEC and industry sources said as Riyadh tries to assess damage from the weekend's crippling attacks.
Bob Bakish, the head of a newly combined CBS and Viacom, said he was "disappointed" by both stocks' reaction to the recent deal.
An attack on Saudi oil installations that halted half the kingdom's output could harm French diplomacy meant to avert feared U.S.-Iranian conflict, diplomats said after President Emmanuel Macron's top envoy held talks in Saudi Arabia.
WalletHub ranks 182 large U.S. cities for their fun factor, weighing entertainment, recreation and nightlife options against local costs.
U.S. stocks edged lower on Tuesday as a drop in oil prices weighed on the energy sector, while investors stayed away from making big bets ahead of the Federal Reserve's two-day policy meeting, where it is widely expected to cut interest rates.
Iran's supreme leader on Tuesday ruled out talks with Washington after President Donald Trump blamed Tehran for a crippling attack on Saudi Arabia's oil facilities.
Anheuser-Busch InBev NV will brave jittery Hong Kong markets in a second attempt to spin off its Asian business on Wednesday, aiming to raise up to $6.6 billion in what could be the world's second largest IPO this year.
Oil prices slid on Tuesday, although the market remains on tenterhooks over the threat of a military response to attacks on Saudi Arabian crude oil facilities that halved the kingdom's output and prompted a price spike not seen in decades.
The Benetton family is set to replace the powerful head of Atlantia with a management board and co-opt a veteran right-hand man to help steer the infrastructure group through fallout from a deadly bridge collapse, three sources said.
Judy Shelton, U.S. President Donald Trump's pick to fill a vacant seat at the Federal Reserve, downplayed the independence of the central bank on Tuesday and called on the Fed to work more closely with the White House, an approach that would upend how it currently conducts monetary policy.
U.S. manufacturing output increased more than expected in August, boosted by a surge in machinery and primary metals production, but the outlook for factories remains weak against the backdrop of trade tensions and slowing global economies.
WeWork's 7.875% bond due in May 2025 fell 5.46 points to 96.3 cents in early trading on Tuesday after its parent, the We Company, postponed its initial public offering.
As you go cashless, new debit cards aim to make it easier to give money to your children. Here's what to think before you put them in your kids' hands.
Anheuser-Busch InBev NV kicked off a second attempt to spin off its Asian business in Hong Kong with the launch of an IPO on Wednesday worth up to $6.6 billion in what is poised to be the world's second largest IPO this year.