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Total CEO: Attack on Saudi oil facilities will have consequences

Total CEO Patrick Pouyanne said on Tuesday last weekend's attacks on Saudi oil production facilities will have consequences, adding that he feared the situation in the Middle East might deteriorate further.



4 years ago

Battered Saudi oil output to recover in two or three weeks: sources

Saudi Arabia sought to calm markets on Tuesday after an unprecedented attack on its oil facilities, with sources saying output was recovering much more quickly than initially forecast and could be fully back in two or three weeks.



4 years ago

Oil plummets 5% as Saudi output seen returning soon after attacks

Oil prices dropped nearly 5% on Tuesday after a top Saudi Arabian source told Reuters that production could be fully back on line within weeks, quicker than initially thought following weekend attacks that halved the kingdom's output.



4 years ago

Saudi's Aramco allows employees to enter Abqaiq compound: Al Arabiya

Saudi Arabia's state oil giant Aramco allowed employees to enter Abqaiq compound for the first time since the Saturday attack, State-owned Al Arabiya reported on Tuesday citing its own sources.



4 years ago

Wall Street subdued as focus shifts to Fed

U.S. stocks were little changed on Tuesday as investors moved to the sidelines ahead of the Federal Reserve's two-day policy meeting, while the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded.



4 years ago

U.S. 'falling behind' in global race to develop electric vehicle supply chain

The United States is losing the race to extract and refine minerals used to make electric vehicles and should do more to spur domestic production, a bipartisan group of senators said on Tuesday.



4 years ago

U.S. banking regulator proposes easing post-crisis derivatives rules for big banks

A U.S. banking regulator Tuesday proposed easing a post-credit crisis rule on how much cash big banks should set aside to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the Trump administration.



4 years ago

HSBC has started 'strategic review' of French retail operation: unions

HSBC has initiated a strategic review of its French retail operation, French unions said on Tuesday.



4 years ago

White House says not involved in contract talks with GM, UAW union

The White House is not involved in contract talks with General Motors Co and the United Auto Workers union, aimed at ending a nationwide strike that began late on Sunday, a White House spokesman and GM said.



4 years ago

Exclusive: Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta - sources

Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings company whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc, people familiar with the matter said on Monday.



4 years ago

Walmart likely discriminated against female workers, U.S. agency says

Walmart Inc likely discriminated against 178 female workers by paying them less, denying them promotions or both, because of their gender, the U.S. Equal Employment Opportunity Commission said in memos seen by Reuters.



4 years ago

U.S. manufacturing production rebounds, outlook remains weak

U.S. manufacturing output increased solidly in August, boosted by a surge in the production of machinery and other goods, but the outlook for factories remains weak amid rising headwinds from trade tensions and slowing global economies.



4 years ago

Uber drivers are protesting again — here's how much drivers earn and what the job is really like

CNBC spoke with Uber drivers about how their financial lives are faring.

4 years ago

Juul's sales halted in China days after launch

U.S. e-cigarette maker Juul Labs Inc said on Tuesday its products were not currently available on e-commerce web sites in China, days after it entered the world's single-largest market for tobacco consumption with over 300 million smokers.



4 years ago

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.



4 years ago