Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
Markets in Australia and Japan looked set to open slightly lower as investors worried over trade tensions between the U.S. and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
Investors rushed into the safety of bonds Thursday and sold stocks, as it appeared the trade war could be prolonged and more painful for the world economy than expected.Market Insiderread more
DUBAI, Dec 16 (Reuters) - Oman signed on Sunday two agreements giving a unit of Occidental Petroleum the rights to explore for oil and natural gas in concessions 51 and 65, the oil ministry of the sultanate said in a tweet.
Oil Minister Mohammed bin Hamad al-Rumhi signed the agreement covering concession 51 with Occidental Oman and the agreement on concession 65 with Occidental Oman and Oman Oil Company Exploration and Production, a unit of state-owned Oman Oil Co, the tweet said.
Concession 51 covers 10,133 square kilometers (3,912.37 square miles) and concession 65 covers 1,230 square kilometers (474.91 square miles), Omani state TV said in a report.
The agreement provides for Occidental to spend $14 million on exploration operations in concession 51 in the initial three-year phase of the contract, Salman al-Shehhi, the oil ministry's director of investment, told state TV.
Oman's oil output is about 995,000 barrels per day. The sultanate is not a member of the Organization of Petroleum Exporting Countries but it took part in an agreement reached by OPEC and other exporters earlier this month to reduce global supply in order to bolster oil prices. (Reporting by Maher Chmaytelli; Editing by Elaine Hardcastle and Mark Potter)