Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
China's gross domestic product (GDP) rose 7.8 percent on year in the third quarter, the National Bureau of Statistics reported on Friday, up from 7.5 percent in the second quarter and in line with expectations.
"The uptick in growth reflects both better exports and solid domestic demand, although the easing of industrial output growth in September indicates that the recovery is tepid," said Louis Kuijs, chief China economist at RBS.
Industrial output growth moderated to 10.2 percent on year in September, compared with 10.4 percent in August. Still, Kuijs remains upbeat on his outlook for the world's second-largest economy.
"We expect global demand momentum to pick up as the economic upturn in the U.S. and Europe takes hold and see this as key to our growth projection for China," he said, forecasting full-year growth of 7.7 percent for 2013, and 8.2 percent in 2014.
(Read more: Chinese agency slashes US ratings: should you care? )
"Against this more constructive global backdrop, and with domestic demand momentum remaining solid, we expect GDP growth to be above the government's 'bottom line' in 2014, thus alleviating pressures to stimulate the economy," he added. Earlier this year, Premier Li Keqiang identified 7 percent as the "bottom line" for growth, local media reported, saying that this this threshold must not be breached.
With the impact of government stimulus fading, many are questioning whether growth levels posted in the third quarter will be sustainable. In late-July, Beijing unveiled a package of measures to boost the economy, which included eliminating taxes on small businesses, reducing costs for exporters and lining up funds for the construction of railways.
According to Ting Lu, chief China economist at Bank of America Merrill Lynch, on a quarterly basis, growth likely peaked in the July-to-September period. In the third quarter, growth rose 2.2 percent on quarter, up from 1.9 percent in the previous three months.
(Read more: China to ride on changes to one-child policy)
However, in year-on-year terms, he notes that growth could rebound again, to around 7.8-8.0 percent, in the first half of 2014 on a low comparison base.
Raymond Yeung, senior economist at ANZ believes it's too early to conclude whether economic expansion in the mainland has peaked.
"We expect a slowdown in the fourth quarter, but it's too premature to conclude a decline of growth momentum. The Third Plenary Session is coming up in November - while we don't expect any major stimulus to expand growth, they are undergoing reforms that will help China growth in a more sustainable manner," he said.
Yeung, however, notes there are two main risks that lie ahead for the mainland economy: tight monetary policy and a strong yuan.
(Read more: China's 2% accountfor third of world luxe sales )
With credit growth remaining robust in the recent months, the People's Bank of China could tighten liquidity if credit expands in an undesirable manner, he said. On the currency front, renewed strength in the yuan could hurt the country's export competitiveness and dampen some of the growth momentum.
Modest declines in other economic indicators released on Friday could add to uncertainty. Fixed asset investment growth softened to 20.2 percent on year in the first nine months of 2013, from 20.3 percent in the first eight months of the year. Retail sales growth, meantime, edged down to 13.3 percent on year, from 13.4 percent in the previous month.
— CNBC's Ansuya Harjani; Follow her on Twitter @Ansuya_H