Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
African swine fever, which has already ravaged pig herds in China and pushed up food prices there, could also drive up inflation in the other emerging markets, according to...Asia Economyread more
Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has...Marketing.Media.Moneyread more
Stocks in Asia were mixed on Monday as investors await a U.S. Federal Reserve meeting set to happen later in the week stateside.Asia Marketsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.World Economyread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
Indecision at the highest levels of Saudi Arabia's government is reportedly playing a major role in holding up the planned flotation of the world's largest oil producer.
Saudi Aramco, currently a private company owned by the government in Riyadh, is aiming for an IPO that could raise about $100 billion and attract a valuation in the range of $1 trillion to $2 trillion later this year. But the process has dragged on as key aspects of the share sale remain unsettled.
When Dudley was asked whether he believed Saudi Aramco's IPO was on track to take place in the second half of 2018, he replied: "I don't know, I mean they say it will. I know there's lots of preparation work going on. I think little dislocations in the market will make them think again."
"The big questions are if they do, when? And where would they list? I think that debate seems to me to be alive and well," he said.
The IPO is the centerpiece of Saudi Arabia's plan to diversify its oil-dependent economy. It also stands to create a huge windfall for the army of bankers and lawyers involved in the offering.
Meanwhile, Saudi officials have claimed preparatory work regarding the IPO has been completed. However, some key issues — such as where to list — rest with the government.
Saudi Crown Prince Mohammed bin Salman is believed to favor listing Saudi Aramco in New York, while officials, including Energy Minister Khalid al-Falih, have reportedly said London could be a better fit. Hong Kong is also in contention.
Another option is a Saudi listing alongside an international exchange. A domestic listing and a private sale to a strategic investor — possibly from Beijing — is a third possibility.
"There's a huge amount of uncertainty and I think that uncertainty is actually coming from the Saudis themselves to be perfectly honest," Nick Coleman, senior oil analyst at S&P Global Platts, told CNBC on Tuesday.
— CNBC's Tom DiChristoper contributed to this report.