An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
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The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
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Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
"The December 1999 all-time has become a major psychological barrier for investors in recent years. In the past two years The FTSE 100 has repeatedly come close to reaching a new all-time high and on 20 separate trading days it has come within 100 points," Adrian Lowcock, head of investing at AXA Wealth, said in note.
News on Friday that euro zone negotiators agreed to extend Greece's bailout package also helps explain the strong gains in the index, analysts said.
"An agreement with Greece to extend its current bailout by four months, a boost to the U.K. economy from lower oil prices and improved economic outlook could mean that 2015 is finally the year the FTSE 100 breaks through the barrier. Once through, the market may well go on to set repeatedly new highs as we have seen happen in both the S&P 500 and the U.K.'s own FTSE 250 in recent years," he added.
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A generally improving outlook for the U.K. paints a positive backdrop for the economy ahead of May's general election, which so far appears too close to call.
Data last week showed the U.K. unemployment rate fell to 5.7 percent in the three months to December, marking the lowest level since 2008.
Inflation in the country is also falling, and is one reason why wages might—at last—be about to overtake price growth. The latest data showed U.K. consumer prices rose 0.3 percent in January on an annual basis, the lowest level since records began in 1989.
"Real earnings have fallen by nearly 10 percent since 2008, but workers will finally see more money in their pockets this year," Martin Beck, senior economic advisor to the EY ITEM Club, said in a statement.
"However, this is not a normal recovery. The move towards later retirement and the huge increase in the size of the workforce has depressed real wages as workers have priced themselves into jobs. We don't expect a return to boom time wage growth any time soon."
The EY ITEM Club said it expects strong growth in the workforce to remain a dominant feature of the labor market over the next four years. It expects the labor market to expand by over 1.2 million people between 2014 and 2018, growing at an average rate of 0.9 percent a year.