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
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
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
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv
LONDON, Aug 27 (Reuters) - The British pound rose slightly on Tuesday as investors digested the latest Brexit developments, although sterling was below a three-week high as traders kept to their large short positions betting against the currency.
Prime Minister Boris Johnson said on Monday he was prepared to take Brexit talks with the European Union down to the last minute before the Oct. 31 exit deadline.
Johnson's foreign adviser, David Frost, will visit Brussels on Wednesday to discuss alternatives to the Brexit withdrawal agreement, The Telegraph newspaper has reported.
Investors are growing increasingly concerned that Britain is headed towards a no-deal Brexit on Oct. 31, although some also believe the currency had moved too far downwards.
Britain's opposition Labour Party leader Jeremy Corbyn vowed to do "everything necessary" to stop a no-deal Brexit as he prepared to meet other lawmakers to discuss tactics to block the government's plans. Many investors are skeptical about the opposition's ability to stop Johnson.
Speculators cut their short positions against the pound in the week to Aug. 23, according to the latest CFTC positioning data, although outstanding shorts - at $7 billion - remain close to their highest level in more than two years.
"Sterling's limited reaction to the trade tensions tells us the market's focus is clearly on Brexit," UBS global wealth management strategists said in a note on Tuesday, referring to the trade conflict between the United States and China.
"If the global economic outlook turns sour, the Bank of England could have to change tack and join the global central bank easing bandwagon. Thus, we acknowledge that risks have risen of the pound appreciating somewhat less than we forecast."
Sterling rose 0.2% by 0810 GMT to $1.2246 and 0.2% against the euro to 90.725 pence. (Reporting by Tommy Wilkes; Editing by Janet Lawrence)