Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread 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
Apple isn't trying to blow our minds with groundbreaking new features on the iPhone 11, but is making lots of little improvements each year, this year focusing on cameras and...Technologyread 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
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
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
Iran will never hold talks with America, the country's Supreme Leader Ayatollah Ali Khamenei said on state television Tuesday morning.Politicsread more
Energy stocks are on fire Monday. Five experts weigh in on what this could mean.Trading Nationread 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
DUBAI, April 19 (Reuters) - Qatar Investment Authority (QIA) and private realty firm Crown Acquisitions have jointly bought a significant stake in a portfolio of prime New York retail properties owned by Vornado Realty Trust.
The statement came after Vornado had announced on Thursday that it had sold a stake in a portfolio of New York properties along Fifth Avenue and Broadway in Times Square for about $1.2 billion in cash in a deal in which it retains majority control of the assets. It had not named QIA as an investor.
QIA said it is jointly acquiring with its partner Crown Acquisitions a 24 percent stake in the portfolio of properties that are valued at $5.6 billion. (Reporting by Saeed Azhar; editing by David Evans)