Banks are taking a hit from global economic pressures, a truth that’s becoming crystal-clear from their first-quarter profit reports. Bank of America (BAC) and Wells Fargo (WFC), two of the largest retail banks, joined JPMorgan Chase (JPM) this week reporting lower first-quarter net profit. Source: USA Today
- Grace Meng says Chinese officials told her they had a letter from her husband – but she doesn’t trust them enough to take delivery by herself
- Speaking in France, she tearfully told of her anger and ‘even hate’ for officials who detained her husband for corruption, calling it political persecution Source South China Morning Post
OPEC kingpin Saudi Arabia does not wish to impose a 1973-style oil embargo on Western consumers, the country’s energy minister reportedly said Monday, amid a deepening crisis over the killing of journalist Jamal Khashoggi. Source: CNBC
Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said. Source: Reuters
