In the midst of what became a golden decade for the U.S. Federal Reserve, central bankers twice in the 1990s cut interest rates in short bursts that managed to help the U.S. economy continue growing despite slowing investment and weak growth overseas.
Asian shares crept to a three-month peak on Tuesday after Wall Street hit all-time highs amid hopes of progress in Sino-U.S. trade talks and for another dose of policy stimulus from the Federal Reserve this week.
Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
The plan to build a petrochemical plant near the Iranian city of Firouzabad had everything usually needed to get a project off the ground: approval from the nation's top authority, funding from the Revolutionary Guards and plentiful gas feedstock.
Below is a list of Iranian downstream energy projects where construction has been delayed and existing facilities where operations have been disrupted due to water scarcity. [L5N26W2I0]
Oil prices fell for a second day on Tuesday as investors awaited U.S. crude inventory data for more insight into oil demand trends, while concerns about economic growth overshadowed signs of a thawing in the trade war between Washington and Beijing.
Tensions between the United States and China have given new impetus to a China-backed trade pact and there is a chance of major progress, if not final agreement, when Southeast Asian leaders meet in Bangkok this week, analysts say.
Saudi Aramco will start subscription for investors in its initial public offering on Dec. 4, Saudi-owned news channel Al-Arabiya said in a news flash on Tuesday citing sources.
U.S. fund manager BlackRock Inc chief executive said on Tuesday the world will see higher equity markets in 2020.
Indian budget airline IndiGo is close to placing a near-record order for more than 300 Airbus A320neo-family jets worth at least $33 billion at recent catalog prices to cement its position as India's largest carrier by market share.
Drugmaker Merck & Co Inc reported a drop in third-quarter profit on Tuesday, hit by a $982 million charge related to its acquisition of Peloton Therapeutics.
China will eliminate all restrictions on foreign investments not included in its self-styled "negative lists", a vice commerce minister said on Tuesday, signaling upcoming directives.
Swedish and Estonian financial regulators have opened sanction cases into Swedbank over anti-money laundering controls at its Baltic operations, they said on Tuesday, a formal step in an ongoing investigation that could lead to a financial penalty.
Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in U.S. crude inventories and fading optimism over a U.S.-China trade deal.
Air Canada on Tuesday reported lower-than-expected third-quarter profit, hurt by lower flight capacity in the wake of the grounding of Boeing Co's 737 MAX airplanes.