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Emerging markets extend losses

  Bloomberg Emerging-market stocks and currencies fell toward a three-week low as surging domestic risks from Thailand to South Africa worsened sentiment impaired by a fractious U.S. election campaign and bets for December policy tightening by the Federal Reserve. Thai equities and baht led losses amid concern for the health of King Bhumibol Adulyadej. The rand headed for a one-month ...

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OPEC hails Putin oil output pledge

  Bloomberg OPEC’s most senior official talked up Russia’s commitment to joining efforts to limit oil production even as the group’s internal disagreements over how to share the burden of cuts stood in the way of a global deal. “We are confident of Russia’s commitments,” OPEC Secretary-General Mohammed Barkindo said in an interview with Bloomberg television in Istanbul on Wednesday. ...

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Big oil traders doubt OPEC deal will bring heavy supply cuts

  LONDON / Reuters OPEC’s deal to cut oil production is unlikely to result in a substantial reduction in actual supplies, some of the world’s biggest oil trading companies said, meaning the market is unlikely to rebalance until well into 2017. The price of crude oil has stabilised around $50 a barrel since the Organization of the Petroleum Exporting Countries ...

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