OPEC reported an increase in its oil production in October to a record high led by members hoping to be exempt from the producer group’s attempt to curb supply, weighing on prices and pointing to a larger global surplus next year. Source Reuters
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Britain could launch military retaliation such as air strikes against a future cyber attack, the Defence Secretary has suggested. Sir Michael Fallon warned potential attackers that a strike on UK systems “could invite a response from any domain – air, land, sea or cyberspace”. Source The Telegraph
U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash. Source Reuters
The Dutch state raised about 1.48 billion euros ($1.68 billion) from selling an additional 7 percent stake in ABN Amro Group NV, taking advantage of steady demand for European bank stocks as it progresses toward full privatization. Source Bloomberg