Buffett, Icahn remember the late T. Boone Pickens for ‘great wit’ and inimitable Texas...

Magnates and friends of T. Boone Pickens remembered him fondly in comments to CNBC following his passing. Pickens died Wednesday of natural causes at age 91. "They grow big personalities in Texas, but none could top Boone," billionaire investor Warren Buffett told CNBC's Becky Quick on Thursday. "I never was with him that it wasn't fun." A fellow hedge fund founder, Carl Icahn, similarly remembered Pickens' wit and charm, describing their similar approaches to how they thought companies should be run. Pickens, like Icahn, developed a reputation as a "corporate raider" in the 1980s, buying up shares in struggling companies and attempting to turn them around. "We shared the same values on shareholders' rights," Icahn to CNBC's Patti Domm. "I will sorely miss his friendship and his great wit. He was a standup guy from the old school. I wish there were more like him today," Icahn added. Born in Oklahoma, Pickens attended what is now Oklahoma State University and pl..

US is closing in on Saudi Arabia to become the world’s top oil exporter,...

A worker walks through an oil production facility owned by Parsley Energy in the Permian Basin near Midland, Texas, August 23, 2018. Nick Oxford | Reuters The International Energy Agency (IEA) expects the U.S. to challenge Saudi Arabia's position as the world's leading oil exporter, after briefly overtaking the OPEC kingpin to claim the number one spot earlier this year. "Booming shale production has allowed the U.S. to close in on, and briefly overtake, Saudi Arabia as the world's top oil exporter," the IEA said in its closely-watched monthly report on Thursday. "The installation of the necessary pipelines and terminals is continuing apace, which will ensure that the trend continues." The U.S. momentarily surpassed Saudi Arabia as the leading oil exporter in June, after crude exports surged above 3 million barrels per day (b/d), the IEA said Thursday. That lifted total exports of crude and products to nearly 9 million b/d. At the same time, Saudi Arabia cut back on both..

France says it ‘cannot authorize’ Facebook’s libra project on European soil

France's Bruno Le Maire.Eric Peirmont | AFP | Getty ImagesFrance is taking aim at big U.S. tech firms again — this time in the direction of Facebook's proposed cryptocurrency libra. Speaking at an OECD conference in Paris Thursday, French Finance Minister Bruno Le Maire said libra would put the sovereignty of governments at risk. "All these concerns around libra are serious. So I want to say this with a lot of clarity: In these conditions, we cannot authorize the development of libra on European soil," Le Maire said, according to a translation by CNBC. Le Maire has been an outspoken opponent of libra since Facebook unveiled the project in June. In addition to concerns the cryptocurrency could undermine the sovereignty of other nations' currencies, he has highlighted issues with money laundering, terrorism financing andmarket dominance. Regulators around the world have echoed those fears. In his remarks Thursday, Le Maire said he had spoken with ECB President Mario Draghi..

Watch: ECB President Mario Draghi speaks following policy decision

[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Mario Draghi speaks at a press conference following the bank's monetary policy decision on Thursday. The bank announced a massive new bond-buying program in a bid to stimulate the ailing euro zone economy. The central bank's quantitative easing program will entail 20 billion euros ($21.9 billion) per month of net asset purchases for as long as it deems necessary. Subscribe to CNBC on YouTube.

Russian energy minister looks to long term factors, not Trump tweets, for oil price...

Russia's Energy Minister, Alexander Novak.Sergei Malgavko | TASS | Getty ImagesRussian Energy Minister Alexander Novak has his focus on longer-term market factors rather than President Donald Trump's tweets, he said Thursday. Asked about his reactions to the U.S. president's social media missives, which often target OPEC policies and are known to move markets without warning, Novak told CNBC's Hadley Gamble: "You know, we are looking at all the factors that one way or another effect the prices. But in particular for us, it's the balance between supply and demand." "With regards to (Trump's) statement, we see that at the time of the statement the price goes up or down but after a while returns to where it was," he added in the exclusive interview. "Therefore, in my view, these are not fundamental factors. Fundamental factors do not lie in words but actions." His comments come shortly after the conclusion of the Joint Ministerial Monitoring Committee (JMMC) ..

Vodafone’s 5G network at Gatwick Airport has gone live

The airport's South Terminal is 5G ready, with the North Terminal due to be ready by next year.