Saudi Arabia’s stock market plunges on fear of sanctions over missing journalist

World War 3: Donald Trump vows ‘severe punishment’ if Saudi Arabia murdered journalist

U.S. President Donald Trump has threatened "severe punishment" if it turns out Khashoggi was killed in the consulate, although he said Washington would be "punishing" itself if it halted military sales to Riyadh.

"I don't think any of our government officials should be going and pretending it's business as usual until we know what's happened here, " said Rubio, R-Fla.

"Our first hope was that he was not killed, but maybe that's not looking - it's not looking too good, right?"

Turkish officials told the Washington Post that they have audio and video recordings that show a Saudi security team detained Khashoggi in the consulate before killing him.

The possible murder of Khashoggi, a United States permanent resident in self-imposed exile who had written critically against the Saudi monarchy, has generated a far stronger global backlash against the kingdom than the ongoing Saudi-led war in Yemen, which has caused widespread starvation in the already impoverished Arab country.

Saudi Interior Minister, Prince Abdulaziz bin Saud bin Naif bin Abdulaziz, "stressed that what has been circulating in terms of supposed orders to kill Jamal are outright lies and baseless allegations against the Kingdom's Government, which is committed to its principles, rules and traditions and is in compliance with worldwide laws and conventions".

Economic adviser Larry Kudlow says that when Trump "warns, people should take him at his word".

But speaking to 60 minutes on Saturday, he warned the USA would be "very upset and angry" if the Saudis ordered Mr Khashoggi's killing.

The latest cancellations could add pressure on other U.S. firms like Goldman Sachs Group Inc, Mastercard Inc and Bank of America Corp to reconsider their plans to attend the event.

On Sunday, Saudis stock exchange dropped by as much as 7% at one point before recovering some losses.

Pakistan’s currency plunges as it seeks International Monetary Fund loan
Rupee rates to the dollar were Rs98.81, Rs101.78, Rs104.84 and Rs104.85 on 30th of June of 2014, 2015, 2016 and 2017 respectively. They show that a burst of strong growth, fueled partly by U.S. tax cuts and rising demand for imports, was starting to wane.

But it has rapidly become a vehicle for those firms to express their concerns over Khashoggi's disappearance.

Khashoggi, a vocal critic of Saudi Crown Prince Mohammed bin Salman, disappeared over a week ago after entering the Saudi consulate in Istanbul, and there's widespread speculation that he may have been murdered.

There's now some doubt about whether US Treasury Secretary Steven Mnuchin will attend the Riyadh conference.

Ford Motor Company Chairman Bill Ford canceled a business trip to the Middle East, including a planned appearance at an investment conference in Saudi Arabia this month, Reuters reported Sunday. It is unclear what those punishments could be, but Trump said he did not want to harm U.S. jobs by halting arms trade.

Sanders suggested that cutting ties to the war in Yemen would be among the strongest responses the USA could undertake.

In response to Khashoggi's disappearance, media organizations and some technology executives pulled out of the Riyadh investment conference scheduled for next week.

Trump has praised the Saudi regime for cracking down on opponents and his son-in-law, Jared Kushner, has personal ties to crown prince Mohammed bin Salman.

Sen. Bob Corker, R-Tenn., who as chairman of the Senate Foreign Relations Committee has reviewed the USA intelligence into what happened to Khashoggi, has said, "The likelihood is he was killed on the day he walked into the consulate".

Khashoggi went missing when he visited the Saudi Consulate in Istanbul.

"We're gong to get to the bottom of it and there will be severe punishment".

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