- Stocks rose around the world as U.S. oil approached $50 a barrel for the first time since July, spurring gains by emerging markets and the currencies of commodity-producing nations.1
- Saudi Arabian billionaire Prince Alwaleed Bin Talal and his investment company Kingdom Holding have built their combined stake in Twitter to more than five percent.3
- The top Democrat on the U.S. Senate Banking Committee is conducting a wide-ranging inquiry into Wall Street’s compliance with government enforcement settlements.4
- Deutsche Bank won a ruling forcing Norwegian entrepreneur Alexander Vik to tell a U.K. judge why he hasn’t paid the German lender a $250 million debt stemming from a failed lawsuit.6
- Glencore shares rose for a fourth day in London, its longest run of gains since July.7
- Prime Minister Shinzo Abe appointed a former television broadcaster to the position of environment minister in a broader cabinet reorganization.8
- The ringgit strengthened the most since 1998 as Malaysia reported its biggest trade surplus in nine months and crude oil prices climbed.9
- Two Chinese startups separately backed by Alibaba and Tencent have agreed to a merger that will create a $15 billion provider of local services.10
- Asian stocks climbed, building on their biggest five-day advance in almost four years.11
- Tesco, the troubled British grocery leader, reported U.K. earnings that beat analysts’ estimates as it revamped its business in that market.13
- China’s foreign-exchange reserves fell by a record last quarter as the central bank sold dollars to support the yuan.14
- Five people were arrested in dawn raids across Sydney following the fatal shooting of a police employee by a 15-year-old boy last week that authorities say was linked to terrorism.15
- Samsung posted third-quarter profit that beat analysts’ estimates as the weaker Korean currency boosted component revenue and blunted the impact of price cuts on Galaxy smartphones.16
- Prime Minister Shinzo Abe appointed a minister charged with spearheading his effort to halt the slide in Japan’s population.18
- A price-rigging scandal involving some of the biggest banks in the $5.3 trillion-a-day foreign-exchange market is filtering through to customers, according to a report from Greenwich Associates.
- James Hankle, a 50-something software engineer sporting blue jeans and a Green Party T-shirt, is trying to explain his fix for Vancouver’s runaway property prices when he’s interrupted by a eavesdropping passerby: “Stop allowing people from China to buy our houses and leave them vacant,” she says and walks away.