Yemen Houthi drones, missiles defy years of Saudi air strikes
At a weapons exhibition in July in Yemen’s Houthi-controlled capital Sanaa, military officials whipped silken sheets off what they said were newly-developed drones and missiles.
From underpants to oat drink makers, Citigroup courts startups for growth
At an event hosted by Citigroup Inc this month, its dealmakers sat executives from major consumer-product companies alongside rivals trying to disrupt their businesses.
Oil down as Saudi output restored; stocks steady as Fed meets
Oil prices dropped sharply on Tuesday after Saudi Arabia’s energy minister said the kingdom has fully restored its oil production after having been hit by an attack this weekend that shut 5% of global oil output.
Wall Street mixed as investors await interest rate cut
Wall Street was mixed on Tuesday as investors awaited a widely expected Fed interest rate cut on Wednesday, while the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded.
Toyota invests $391 million at its Texas truck assembly plant
Toyota Motor Corp said on Tuesday it was investing $391 million at its truck assembly plant in San Antonio, Texas, as part of the Japanese automaker’s plan to invest $13 billion in its U.S. operations over five years through 2021.
Aramco IPO will be ready within coming 12 months: chairman
Saudi Aramco chairman Yassir al-Rumayyan said on Tuesday a planned initial public offering (IPO) of the state oil giant would be ready within the coming 12 months and that the kingdom was committed to the listing.
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.
Trump says China trade deal could come before U.S. election, or not
U.S. President Donald Trump said on Tuesday his administration could seal a deal on trade with China before the U.S. presidential election, or an agreement could be reached the day after U.S. voters go to the polls.
Trump does not see oil reserve release after Saudi attacks
U.S. President Donald Trump said on Tuesday he did not think it would be necessary to release oil from the Strategic Petroleum Reserve after attacks on Saudi oil facilities, saying oil prices have not spiked very much.
U.S. believes attack on Saudi Arabia came from southwest Iran
The United States believes Saturday’s attack on Saudi Arabia’s oil facilities originated in southwestern Iran, a U.S. official told Reuters on Tuesday.
