Saudi Arabia reaffirmed plans to curb oil production by 1 million barrels a day until the end of the year.
The selloff in US Treasuries extended into a third straight day, with 30-year yields touching 5% for the first time since 2007 and sending global financial markets into a tailspin.
Almost one in 10 German companies plans to reduce office space in response to remote working habits, adding pressure to a commercial real estate market already creaking from higher interest rates and construction costs.
Kuala Lumpur Kepong Bhd. is in talks with Malaysia’s military pension fund to rework a deal announced in August for the oil palm planter to buy a stake in rival Boustead Plantations Bhd., according to people familiar with the matter.
Air France KLM’s plan to buy a stake in troubled Scandinavian carrier SAS AB gives the long-overdue consolidation of European airlines a jolt as more regional operators come under the control of three big groups.
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