World Business Today (11 Dec 2015)

1.Oil down to a 7-year low overnight:
It came after figures showed OPEC pumped the most oil in three years last month. The cartel’s monthly oil-market report, published on Thursday, showed that it pumped about 32 million barrels of oil per day in November, surpassing the record it hit just a few months prior.

2.All Developed Bond Markets Gain in 2015 in Face of Fed Rate Move:
From the U.S. to Greece to Japan, all major developed government bond markets are poised to finish 2015 with a gain even as the Federal Reserve prepares to raise interest rates.

3.Standard Chartered’s $5.1 Billion Share Sale Gets 97% Demand:
Standard Chartered Plc raised about $5.1 billion after 96.8 percent of the bank’s shareholders exercised their rights in a share sale on Friday, signaling confidence in Chief Executive Officer Bill Winters’s strategy to turn around the Asia-focused lender.

4.‘50% branded products in markets are fake:
Manufacturing companies operating in Nigeria have said that about 50 per cent of products branded in Nigerian markets are counterfeit.

5.China yuan hits four-and-a-half-year low:
China’s yuan,falls to a four-and-a-half-year low, leave markets in a not so cheerful mood.