Bloomberg Business

Oil held gains after a five-day advance driven by a slump in US inventories and speculation that OPEC+ leaders will prolong supply cuts.

Turkey’s economy probably slowed in the second quarter, with activity set to remain subdued for the rest of the year as officials seek to put growth on a more sustainable footing by raising interest rates.

A unit of electric-vehicle maker BYD Co. that also supplies parts for Apple Inc. has climbed 23% this month, making it the best performer on a benchmark of Chinese technology stocks.

Qantas Airways Ltd. was sued by Australia’s competition watchdog for allegedly selling seats on thousands of cancelled flights, piling pressure on an airline already under lawmaker scrutiny for its treatment of customers and record profits.

Soldiers in Gabon appointed the head of the republican guard as the OPEC member state’s new leader, hours after placing President Ali Bongo under house arrest and annulling elections in which he secured a third term.

Japan’s industrial production fell more than expected in July as slowing economic activity in China continues to cloud growth prospects for the global economy.

Potentially controversial owners of Adani stock have been identified in a new investigation, dealing the Indian conglomerate a fresh blow after short-seller Hindenburg Research alleged the group engaged in corporate fraud and stock price manipulation.

Hong Kong warned it may effectively shut down the city, including its $5 trillion stock market, on Friday because of Super Typhoon Saola, which is approaching the financial hub after pummeling through northern Philippines.

The yen is under pressure once again as August draws to a close.

An Indian distressed assets investor backed by Avenue Capital Group LLC is looking for global partners to buy as much as 55 billion rupees ($665 million) of soured loans this year.