Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
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
China reported Tuesday that its official manufacturing Purchasing Managers' Index for the month of October came in at 51.6 — missing expectations.
Analysts polled by Reuters expected China to post official PMI of 52.0 for October, down from 52.4 in September.
A reading above 50 indicates expansion, while a reading below that signals contraction.
Both production and demand fell in October due to week-long public holidays and a slowdown in industries that were cutting excess capacity and pollution, the bureau added in a separate statement.
"Economic activity cooled this month, most likely due to disruptions to industrial activity in north-eastern China as a result of the ongoing environmental crackdown, as well as softer investment spending in response to slower credit growth and the unwinding of pre-Party Congress fiscal support," Julian Evans-Pritchard, China economist at Capital Economics, said in a note following the data release.
Official services PMI meanwhile fell to 54.3 in October from 55.4 in September, the National Bureau of Statistics reported.
Tuesday's PMI release marked the country's first data release after last week's .
A slowdown in Chinese growth may not be a bad thing as the economy has been growing too fast on credit, said Paul Gruenwald, Asia Pacific chief economist at S&P Global Ratings.
"We kind of want them to slow down," he told CNBC.
In the medium term, real growth needs to move down to 5.5 percent for credit expansion to be in line with GDP growth, Gruenwald added.
Officially, China is targeting around 6.5 percent economic growth in 2017, Premier Li Keqiang said earlier this year.
China's manufacturing sector has been posting solid growth thanks to domestic infrastructure spending and a recovery in exports. That has mitigated some concerns about slowing growth and high debt levels that could derail the world's second-largest economy.
Another set of PMI readings will be published on Wednesday as Caixin/Markit release their numbers.
Compared with the official PMI, the Caixin/Markit survey tends to focus more on small- and mid-sized manufacturers.