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
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
The subpoeana from Manhattan District Attorney's Cyrus Vance Jr.'s , for President Donald Trump's tax returns, was issued last month to Trump's accounting firm, Mazars.Politicsread more
While the UAW has rejected the offer and sent roughly 48,000 of its workers out on strike, the EV truck is widely expected to remain part of an eventual settlement.Autosread more
While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
The new chief of the Federal Aviation Administration says he plans to test out Boeing's software changes to the 737 Max in a simulator.Airlinesread more
Those five travel hotspots attracted over one-fifth (22%) of all overnight visitors to the region last year, Mastercard's annual Asia Pacific Destinations Index found Wednesday. They also received the region's greatest travel spending, bringing in over a quarter (25.2%) of all travel expenditure among the 161 cities studied.
The region's top four travel destinations in 2018 remained unchanged from the previous year. For the ninth year running, Bangkok (1) and Singapore (2) retained their strongholds, welcoming 22.8 million and 14.7 million overnight international arrivals respectively.
Kuala Lumpur (3), the region's front-runner in 2009, edged in on Singapore with 13.8 million travelers, but retained third place. Meanwhile Tokyo remained the fourth most popular city, attracting 12.9 million guests.
The leading cities' vast visitor numbers reflect a larger surge in inward travel to the region over the past decade.
Asia Pacific hosted 342.2 million business and leisure trips last year, up from 159.1 million in 2009. During the same period, travel spend in the region more than doubled from $117.6 billion to $281.1 billion.
Almost half (49.8 percent) of those trips were concentrated in the region's top 20 cities.
The growth was fueled largely by outbound Chinese travelers, whose numbers have ballooned from 10.5 million in 2009 to 62.4 million in 2018. China now represents the world's second-largest outbound travel market after the U.S.
Separately, Okinawa, Japan emerged as the region's fastest-growing travel destination, rising 109 places in the rankings since 2009. The industrial city of Ludhiana in India's northern state of Punjab was the second fastest-growing, jumping 78 spots in the past decade.