Turkey has audio of Saudi writer's killing, reports say

Emerging markets were under pressure on worries of the US-China trade dispute hitting China's economy

Emerging markets were under pressure on worries of the US-China trade dispute hitting China's economy

US President Donald Trump vowed "severe punishment" for Saudi Arabia if the United States determines that Saudi agents killed Washington Post columnist Jamal Khashoggi, calling the journalist's suspected murder "really bad and disgusting".

A joint Turkish-Saudi team was set to search the Saudi consulate in Istanbul, where Khashoggi was last seen on October 2.

King Salman over the weekend ordered the Saudi public prosecutor to investigate the fate of Jamal Khashoggi, partly due to information received from Turkish authorities, the Saudi official said on Monday.

CEO Laurence Fink as of Friday had planned to attend the Future Investment Initiative, but the decision to pull out was made Sunday night, said a person familiar with the matter.

"Evidence has been conveyed to all sides very clearly", the security source said. Saudi Arabia is leading a coalition of Gulf states in a military campaign against Iranian-backed Houthi rebels in Yemen.

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After an initial silence, Riyadh said Khashoggi had left the consulate safely and then at the weekend denied as "baseless" claims that orders were given to have him killed.

"Saudi Arabia is our ally, not just economically, which the president has correctly referred to, but it's also our No. 1 ally in the region of conflict that matters most to us - which is with the Islamic Republic of Iran", Lieberman said Monday to FOX Business' Maria Bartiromo on "Mornings with Maria".

Trump visited the kingdom on his first overseas trip as president and has touted US arms sales to Saudi Arabia. Khashoggi was seen going into the Saudi consulate in Istanbul almost two weeks ago; he never exited the building.

Investors hit the pause button on a stock selloff that began last week amid mounting concerns about relations with Saudi Arabia following the disappearance and suspected murder of journalist Jamal Khashoggi.

Trump has said he probably will not cancel a $110 billion arms deal with the Saudi government because that could unnecessarily harm the U.S.

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"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.

The Saudi Gazette trumpeted: "Enough Is Enough, ' while the Arab News said: 'Saudi Arabia 'will not be bullied"'.

"Since Saudi arms are being used to ravage Yemen and they are apparently complicit in the disappearance of Mr. Khashoggi, I can not support President Trump's proposed arms sale", Durbin said. The lawmakers' letter was a preliminary step under the Global Magnitsky Act toward taking punitive action.

It is feared the Washington Post columnist, who lived in the United States, was killed and dismembered when he visited the Saudi consulate in Istanbul, Turkey.

While the mere hint of Saudi Arabia using oil as an economic weapon still brings back memories of queues at the pump and stagflation in the Western world, there are good reasons why Saudi Arabia hasn't wanted to brandish oil-market power as a political tool. "I don't want to put you on the spot, but if you guys would like to tell them some of the many things we can do".

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