Bloomberg If oil prices head above $100 a barrel, it could shave 0.2 percentage points from global economic growth next year — but this hinges crucially on the dollar, according to Bank of America Merrill Lynch (BofAML). Sanctions on Iran, shale bottlenecks, Venezuelan turmoil and increased demand pose an upside risk to prices, the bank said. Higher prices would slow …

Bloomberg General Electric Co. secured a $700 million contract to supply turbine and generator units for Egypt’s first nuclear power project, the company said. GE will supply four turbine units for the country’s planned 4,800 megawatt El Dabaa nuclear facility, it said on Tuesday in a statement. The company will deliver one turbine each year from 2023 until 2026, and …

Bloomberg All eyes were on benchmark Treasuries on Tuesday as trading reopened in the wake of last week’s selloff and following a holiday. The 10-year yield crept up to a fresh seven-year high before erasing the move, while US equity futures slid with stocks across Asia and Europe. Both the S&P 500 and the Stoxx Europe 600 Index looked poised …