Bloomberg Oil extended declines as Iran said it’s unwilling to freeze output at current levels and wants to raise production to 4 million barrels a day, damping expectations for OPEC to reach a deal to stabilize markets when the group meets on Wednesday in Algiers. Futures fell as much as 1.7 percent in New York. Prices rebounded 3.3 percent …

  Reuters Egypt will hire SGS SA, a Geneva-based inspection service, to review wheat cargoes, a move that may ease trader concerns about the country’s frequently changing import standards. SGS will examine imported wheat at origin and arrival ports, Hamed Abdel-Dayem, a spokesman for the Agriculture Ministry, said by phone on Tuesday. Typically, the inspections have been carried out by …

  Among investors and economists who study China, few arguments are more contentious than growth — more specifically, how to measure it. Officially, China’s economy has been growing at an annualized rate of nearly 10 percent for the past three decades. But plenty of analysts will argue that those figures are highly optimistic. Why should this debate matter? After all, …