OPEC oil output boost in December again undershoots target

The increase in OPEC’s oil output in December has again undershot the rise planned under a deal with allies, a Reuters survey found on Thursday, highlighting capacity constraints that are limiting supply as global demand recovers from the pandemic.

Stocks sag as U.S. yields climb higher

Stock markets struggled on Monday as U.S. Treasury yields reached a new two-year high and investors fretted about the prospect of rising interest rates and a surge in COVID-19 infections.

HSBC, UBS order Hong Kong office changes as COVID cases rise

Banks in Hong Kong including HSBC Holdings Plc (HSBA.L) and UBS Group AG (UBSG.S) are taking steps to reduce the number of people at the workplace after having operated at near full capacity for the past few months, as the city faces a spike in COVID-19 cases.