Wall Street slips at open after Saudi attacks; energy stocks surge
U.S. stocks opened lower on Monday as the weekend attack on Saudi Arabian crude facilities knocked out 5% of the world’s supply and added to global growth worries, while the beaten down energy stocks soared as oil prices jumped more than 10%.
GM, UAW restart talks as workers take to picket lines
Negotiators for General Motors Co and the United Auto Workers resumed talks Monday at 10 a.m. EDT to resolve a strike that shut down the automaker’s highly profitable U.S. operations.
EU seeks plane subsidy deal, but U.S. not talking: bloc’s trade chief
The European Union is urging the United States to hold off trade sanctions and seek an agreement on aircraft industry subsidies, but Washington has shown no sign it wants to talk, EU trade chief Cecilia Malmstrom said on Monday.
Saudi Aramco attacks: What we know so far
An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as President Donald Trump said the United States was “locked and loaded” to hit back….
Trump questions Iran’s denial of blame over Saudi attacks
U.S. President Donald Trump on Monday questioned Iran’s claim that it had nothing to do with weekend attacks on a giant oil plant in Saudi Arabia that have cut off 5% of global crude output.
Japan foreign minister expresses concern over global economy from attacks on Saudi
Japanese Foreign Minister Toshimitsu Motegi said on Monday that he agreed with U.S. Secretary of State Mike Pompeo that the global economy would be affected if the attacks on Saudi oil facilities destabilize the situation in the Middle East.
U.S. weighs more intel sharing with Saudi Arabia after attack: sources
The United States is considering increasing its intelligence sharing with Saudi Arabia after Saturday’s attack on Saudi oil facilities that halved the kingdom’s production and jolted world oil markets, U.S. officials told Reuters.
Saudi Arabia shuts pipeline to Bahrain after oil outage: trade sources
Saudi Arabia has shut down its crude oil pipeline to Bahrain after attacks on Saudi oil facilities, two trade sources told Reuters on Monday.
Oil up 10% on Saudi attacks, stockpile hopes pare early gains
Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the 1990-1991 Gulf crisis, after an attack on Saudi Arabian oil facilities at the weekend halved the kingdom’s production.
Atlantia shares plunge as investors await Edizione board meeting
Shares in Atlantia fell sharply on Monday ahead of a board meeting of its top investor Edizione, which a source said was expected to discuss allegations of falsified safety reports at the group’s road operations.
