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 sector this year, spiked on 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
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 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
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
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread 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
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
* HK->Shanghai Connect daily quota used -0.2%, Shanghai->HK daily quota used 9.1%
* HSI +0.9%, HSCE +0.6%, CSI300 +0.5%
* FTSE China A50 +0.3%
SHANGHAI, Aug 16 (Reuters) - Hong Kong stocks ended firmer on Friday, but posted their fourth straight weekly decline as sentiment wilted amid worries over global economic slowdown, the Sino-U.S. bruising tariff tussle and violent protests that threatened the island city's economy.
** The Hang Seng index ended up 0.9% at 25,734.22, while the China Enterprises Index gained 0.6% to 9,964.30.
** For the week, HSI closed 0.8% lower, while HSCE ended down 0.3%
** Hong Kong braced for more mass protests over the weekend, even as China warned it could use its power to quell demonstrations and U.S. President Donald Trump urged his Chinese counterpart, Xi Jinping, to meet with the protesters to defuse weeks of tensions.
** The Hong Kong government unveiled a HK$19.1 billion ($2.44 billion) package on Thursday to support a slowing economy as escalating political protests and the prolonged U.S.-China trade war weigh heavily on the Asian financial centre.
** Trump said on Thursday that U.S. and Chinese negotiators were holding "productive" trade talks and expected them to meet in September despite U.S. tariffs on over $125 billion worth of Chinese imports taking effect on Sept. 1.
** Nonetheless, Beijing on Thursday vowed to counter the latest U.S. tariffs on $300 billion of Chinese goods, but called on Washington to meet it halfway on a potential trade deal.
** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.39%, while Japan's Nikkei index closed up 0.06%.
** The yuan was quoted at 7.0431 per U.S. dollar at 0814 GMT, 0.14% weaker than the previous close of 7.0333.
** The top gainers among H-shares were China Resources Beer Holdings Co Ltd, which ended up 7.7%, followed by Shenzhou International Group Holdings Ltd, gaining 4.75% and CSPC Pharmaceutical Group Ltd, which closed 4.01% firmer.
** The three biggest H-shares percentage decliners were Longfor Group Holdings Ltd, which ended down 2.88%, China Tower Corp Ltd, which closed 2.17% lower and CRRC Corp Ltd, which ended down by 1.61%.
** About 2.02 billion Hang Seng index shares were traded, roughly 139.7% of the market's 30-day moving average of 1.45 billion shares a day. The volume traded in the previous trading session was 2.15 billion.
** At close, China's A-shares were trading at a premium of 30.91% over Hong Kong-listed H-shares. ($1 = 7.8401 Hong Kong dollars) (Reporting by the Shanghai Newsroom, Editing by Sherry Jacob-Phillips)