Bloomberg European lenders got a second-day boost after Donald Trump’s presidential win on speculation his term will lead to increased inflation and an easing of financial rules. The leaders of the rally that pushed Europe’s shares up for a fourth day were UBS Group AG and Credit Suisse Group AG, which get more than 35 percent of their revenues ...

  AFP Output by OPEC oil producers has reached record levels, the International Energy Agency said on Thursday, raising fears a global oil glut will continue to weigh on markets unless the cartel agrees on a cut. Production by the 14 members of OPEC rose to a record 33.83 million barrels a day in October, the IEA said, just weeks ...

  Bloomberg Saudi Arabian Oil Co., the world’s largest crude exporter, is among second-round bidders for a Turkish fuel retailer owned by OMV AG, central Europe’s biggest oil and gas company, according to three people with direct knowledge of the matter. HSBC Holdings Plc is advising the Saudi company on the potential acquisition of Istanbul-based OMV Petrol Ofisi AS, Turkey’s ...