Oil steadied after a three-day loss as Saudi Arabia said recent cuts by OPEC+ would be honored in full and could be extended, pushing back against persistent skepticism over the curbs’ effectiveness.
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Two meetings of China’s top officials this month will be scrutinized by analysts and investors for signs the world’s second-largest economy is set to be more aggressive with its growth goal for 2024.
Adani Green Energy Ltd. raised funding of $1.36 billion for a massive renewable energy project as the eponymous Indian conglomerate owned by billionaire Gautam Adani continues to regain lender confidence following a brutal short-seller attack earlier this year.
Asian stocks slid as traders dialed back bets that the Federal Reserve will aggressively cut rates next year and as an extended selloff in China hurt sentiment. The dollar held gains.
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