JP Morgan, Ford Boycott Saudi Meet Post Khashoggi Disappearance

He said any response to Khashoggi's killing "needs to be strong, not symbolic", including the possibility of cutting off US weapons sales to Riyadh, or it would undermine the U.S.'s moral standing in the world.

UK Foreign Secretary Jeremy Hunt said that whatever happened now was "absolutely up to Saudi Arabia".

Meanwhile, a group of 22 senators already triggered the Global Magnitsky Act Wednesday with a letter to Trump that requires him to undertake an investigation of Khashoggi's disappearance, and to determine whether to impose sanctions on individuals who were responsible.

Khashoggi, a former Saudi insider who has been working for The Washington Post newspaper and has been known for his criticism of the Saudi monarchy, went missing in Turkey on October 2.

The matter is still being investigated and Saudi Arabia has been claiming that Khashoggi left its Consulate in Istanbul.

What did the Europeans say?

"And - if relevant - to identify those bearing responsibility for the disappearance of Jamal Khashoggi, and ensure that they are held to account".

"This is happening at a time when Saudi Arabia is preparing for a big investment event and they don't need people suspending or pulling out investments", said Nadi Barghouti, head of asset management at Emirates Investment Bank in Dubai.

However, he told CBS News on Saturday that the United States was investigating the case which he called "really awful and disgusting" and that "there will be severe punishment".

Mr Trump said: "They are ordering military equipment". That is what the world wants to know.

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President Donald Trump has declared the USA will uncover the truth about what happened to journalist and US resident Jamal Khashoggi, whose possible murder at Saudi hands after disappearing in Istanbul has captured worldwide attention.

In the US, White House economic adviser Larry Kudlow said Saudi Arabia should take Trump´s warning over the journalist´s fate seriously. The three-day event will be held next week and is also meant to showcase Prince Mohammed bin Salman's modernization plan for the desert kingdom.

"The Kingdom also affirms that if it receives any action, it will respond with greater action, and that the Kingdom's economy has an influential and vital role in the global economy..." the source added without elaborating.

Late Sunday, Saudi King Salman spoke by telephone with Turkish President Recep Tayyip Erdogan about Khashoggi.

"His voice and his ideas will reverberate, from Turkey to Saudi Arabia and across the world", she wrote. "At this point, Saudi Arabia will find it incredibly challenging to contain the emerging crisis".

In two sessions it lost $50bn (£38bn) of its $450bn capitalisation, AFP news agency reported.

Stocks have dropped as much as 9% since Khashoggi disappeared on October 2 after walking into the Saudi consulate in Istanbul.

Turkish officials say the journalist was killed and dismembered inside the consulate by a 15-member Saudi "assassination squad" and say they have evidence to support their claims.

  • Sonia Alvarado