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
Singapore's exports in August stalled and though sales to the United States picked up, underlying weakness in overseas demand is expected to maintain pressure for further stimulus to shore up the stuttering trade-dependent economy.
Non-oil domestic exports (NODX) registered flat growth last month from a year earlier, the trade agency International Enterprise Singapore said in a statement on Friday.
While that was better than the median forecast of a 4.1 percent slump in a Reuters poll and a 10.6 percent loss in July, the overall picture was one of slack offshore demand.
On a month-on-month, seasonally adjusted basis, exports declined 1.9 percent in August, beating a forecast of a 2.9 percent fall in the survey.
"It's flat year on year for August but whether we actually get the pick up going into the fourth quarter, which is traditionally the peak season, not quite sure whether that's going to materialize in a very strong way yet," said Selena Ling, head of treasury research and strategy for OCBC Bank.
The city-state's economy has been hit by weak global demand, while domestic challenges such as a labor shortage have dragged on growth. In August, Singapore cut its 2016 economic growth forecast to 1-2 percent from the previous forecast of 1-3 percent expansion, leaving the door open for additional policy stimulus.
Exports to the United States grew 4.8 percent in August on-year, compared to a 19.1 percent decrease in July.
The recovery came on a surge in sales of non-electric engines and motors, disk media products and telecommunication equipments.
Shipments to China, Singapore's top overseas market, fell 5.4 percent in August from a year earlier, much less than a 16.6 percent decline in July. That came as the world's second-largest economy showed tentative signs of stabilization. China's factory output and retail sales grew faster than expected last month, while imports unexpectedly rose for the first time in nearly two years.
Sales to the European Union contracted 15.6 percent last month from a year earlier after a 3.0 percent growth in July.
Electronics exports in August shrank 6.0 percent from a year earlier after falling 12.9 percent in July. Volatile pharmaceutical shipments decreased 17.9 percent, compared to a 12.7 percent growth in the previous month.