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
"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
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
General Electric expects to value its Swiss consumer finance unit GE Money Bank at a total market capitalisation of up to 1.53 billion Swiss francs ($1.67 billion) when it lists it in the fourth quarter.
The price for each share will be between 43 and 51 Swiss francs at the initial public offering (IPO), Money Bank said on Thursday,part of General Electric's retreat from the finance sector to focus more on industrial business.
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The pricing implies a total market capitalisation of 1.29 billion to 1.53 billion Swiss francs, Money Bank said.
The selling shareholder, GE Capital Swiss Funding AG, would offer up to 18 million shares, or 60 percent of its stake, on the SIX Swiss exchange, Money Bank said.
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General Electric has said it aims to shift its earnings mix to 70 percent industrial and 30 percent financial.
Its banking unit, GE Capital, which has a consumer finance and banking business specialised in credit cards, personal loans, autofinancing and savings, contributed 45 percent of GE's earnings in 2012.
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Proceeds from new listings have risen 14 percent this year globally but the Swiss market has been muted.