President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
The dollar's role as the world's leading reserve currency is at risk because of the political impasse in the United States, which has raised fears of a debt default, European Central Bank policymaker Ewald Nowotny said.
President Barack Obama and congressional Republican leaders inched toward resolving the standoff on Friday, but struggled to agree on a short-term deal to increase U.S. borrowing authority beyond an Oct. 17 limit and to reopen the government.
(Read more: White House sees progress on debt ceiling, shutdown)
"If it really comes to a collapse, no one knows exactly what will happen. One expects that there are chances to postpone the effects but by the end of the year at the latest it will be rather dramatic," Nowotny told Austrian broadcaster ORF in an interview aired on Saturday.
"It is apparent that it is extremely dangerous when the politics of a country whose currency is the world currency - it is still the most important currency - are driven primarily by very narrow domestic considerations," he added.
"This discrepancy is very dangerous and in my view will have a negative impact on the long-term role of the dollar."
(Read more: Dollar shorts get louder as shutdown continues)
Interviewed in Washington during meetings of the International Monetary Fund and World Bank, Nowotny said jitters over the U.S. budget standoff were already pushing the euro higher.
This was not such a big problem for Austrian exporters but posed more of a threat to southern euro zone members, said Nowotny, who is also governor of the Austrian central bank.
(Read more: Debt ceiling battle could overshadow earnings)
Jobless rates in Europe were still too high, he said, noting that the euro zone economy would contract this year. He said Europe needed to reduce budget deficits but not so abruptly that it created a negative impact on the economy.
Policymakers will likely know only by mid-2014 whether Greece will need a third bailout package, he said, adding: "An immediate aid programme is not in sight."
Nowotny expressed confidence that Austrian banks such as Erste Group and Raiffeisen would pass stress tests that major European lenders face next year.
"There is a fear that a certain nervousness will arise in the overall European banking system in connection with stress tests. In such a sensitive situation it is good to be in a position of strength and I am sure the Austrian banks will achieve this," he said.