Renesas Shares Jump the Most on Record

Renesas Electronics Corp. surged the most in almost three months in Tokyo trading after the Nikkei reported KKR & Co. will spend 100 billion yen ($1.3 billion) on new shares of the unprofitable Japanese chipmaker to take control of the company.

Oil Down for 3rd Week, OPEC Meets in Kuwait
17:19 - Oil headed for a third weekly drop this month, weighed down by record U.S. crude supplies while investors await a meeting between OPEC and its allies that may signal whether output curbs will be extended. Bloomberg's Yousef Gamal El-Din reports on "Bloomberg Markets." (Source: Bloomberg)
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