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
(Adds details, background)
PARIS, June 13 (Reuters) - Airbus has reached final agreement with European buyer nations for a revised contract for its delayed A400M military transporter plane, resetting Europe's largest defence project after a lengthy wrangle over costs and military capability.
Two people familiar with the matter told Reuters that the long-awaited contract revision, which follows more than a year of talks, would be announced in coming days.
Airbus and arms procurement agency OCCAR, which coordinates the A400M purchase for seven core nations, declined comment.
The A400M was commissioned in 2003 to give Europe an independent airlift capacity to support military or humanitarian missions, rather than relying on the Lockheed Martin C-130 or the now out-of-production Boeing C-17.
A 3.5-billion-euro bailout from seven core buyer nations - Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey - rescued the programme from cancellation in 2010 after delays and cost overruns.
But problems remained with some of the planes classified defensive systems, as well as some types of paratrooper drop and helicopter refuelling, prompting a new set of contract talks.
Industry officials blame some of the projects problems on an over-ambitious wish list from buyer nations, designed in some cases to support local jobs. But the largest buyer Germany has criticized Airbus for failing to do what it promised.
Airbus Chief Executive Guillaume Faury said in April that talks were "moving forward" towards an agreement by mid-year.
Buyers have already agreed that Airbus needed more time to deliver the plane than originally planned.
In return, Airbus has pledged to provide "all necessary support and resources" to the A400M programme.
Despite being a transporter plane, designers say the A400Ms advanced systems such as ground-hugging technology make it one of the most complex military aircraft ever built in Europe. France has praised its performance on operations in Africa.
Even so, Europes new troop transporter may never go into battle with all the military capabilities first planned after buyers agreed to let Airbus negotiate an opt-out for features deemed too complex, a document revealed last year. (Reporting by Tim Hepher, Andrea Shalal Editing by Michel Rose and Geert De Clercq)