Saudi Arabia Starts Building World's Tallest Tower

April 28 (Bloomberg) –- Saudi Arabia's plan to build the world's tallest building is one step closer to reality. Construction on the Kingdom Tower is underway and is expected to to be complete in 2020. The skyscraper is part of the country's Kingdom City project, a $20 billion enterprise spearheaded by the Saudi royal family to transform Jeddah into a metropolitan empire. (Source: Bloomberg)
Statoil and BP Release Reports amid Oil Declines
50:33 - Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies to a global glut. Oil exports from southern Iraq rose to a record this month, while a Bloomberg survey forecasts U.S. crude stockpiles expanded for a second week through July 24. Brent in London closed Monday more than 20 percent lower than its peak reached in May, meeting the common definition of a bear market.
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