BUSINESS | Morgan Stanley CEO: Too Early To Consider Restarting Share Buybacks

NEW YORK  - Morgan Stanley’s Chief Executive Officer James Gorman told shareholders on Thursday that is to too early for him or anyone on the board of directors to consider reinstating the bank’s share buyback program. Morgan Stanley, along with JPMorgan Chase & Co, Bank of America and five others, voluntarily suspended their share repurchases … Continue reading BUSINESS | Morgan Stanley CEO: Too Early To Consider Restarting Share Buybacks

G20 SAUDI ARABIA | G20 Health Ministers Acknowledge Health Systems’ Vulnerability To Pandemics: Statement

RIYADH| SAUDI ARABIA – Health ministers from the Group of 20 major economies discussed weaknesses in health systems that made the world vulnerable to the coronavirus outbreak and other pandemic, a statement said after a virtual meeting on Sunday. The Saudi G20 secretariat said that the ministers shared their national experiences, addressed necessary actions to … Continue reading G20 SAUDI ARABIA | G20 Health Ministers Acknowledge Health Systems’ Vulnerability To Pandemics: Statement

BUSINESS | Saudi Energy Minister Says Effective Global Oil Cuts Above 19 million bpd

BUCHAREST | ROMANIA  - Saudi Arabia’s energy minister said on Monday that effective global oil supply cuts would amount to around 19.5 million barrels per day, taking into account the reduction pact agreed by OPEC+, pledges by other G20 nations and oil purchases into reserve. OPEC and allies led by Russia, a group known as … Continue reading BUSINESS | Saudi Energy Minister Says Effective Global Oil Cuts Above 19 million bpd

BUSINESS NEWS | Saudi Arabia Russia, U.S. Welcome Outcome Of OPEC+ Meeting: SPA

RIYADH | SAUDI ARABIA – Saudi Arabia’s King Salman, Russia’s president Vladimir Putin and his U.S. counterpart Donald Trump welcomed the outcome of OPEC+ meeting during a joint phone, Saudi state news agency SPA said on late Sunday. The three leaders expressed their comfort with the results of the efforts exerted to stabilize global oil … Continue reading BUSINESS NEWS | Saudi Arabia Russia, U.S. Welcome Outcome Of OPEC+ Meeting: SPA

BREAKING NEWS | Saudi Crown Prince, Russia’s Putin Discuss Efforts To Stabilize Oil Markets: SPA

RIYADH | SAUDI ARABIA – Saudi Arabia’s Crown Prince and Russian President Vladimir Putin Reviewed in a telephone conversation on Friday the efforts to achieve stability of energy markets to support the growth of the global economy, Saudi State News Agency (SPA) reported. Crown Prince Mohammed Bin Salman and Putin also reaffirmed the importance of … Continue reading BREAKING NEWS | Saudi Crown Prince, Russia’s Putin Discuss Efforts To Stabilize Oil Markets: SPA

BUSINESS NEWS | Saudi, Other Resist Mexican Plan To Make Small Oil Output Cuts – Sources

BUCHAREST | ROMANIA – Saudi Arabia and Other Oil Producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global supply curbs, two sources from the OPEC+ group said on Friday. One source said the dispute, which help up efforts to finalise the deal … Continue reading BUSINESS NEWS | Saudi, Other Resist Mexican Plan To Make Small Oil Output Cuts – Sources

BUSINESS NEWS | Saudi Energy Minister Calls For Affordable Energy Supply At G20 Meeting

RIYADH | SAUDI ARABIA – The Saudi energy minister gold a conference of the G20 group of the world’s largest economies on Friday that Ensuring affordable energy supply is key to facilitating a global economic recovery. ‘Having affordable, reliable, accessible energy supply is considered a necessity to enable basic services, including health care, and help … Continue reading BUSINESS NEWS | Saudi Energy Minister Calls For Affordable Energy Supply At G20 Meeting