World Business Today (30 Nov 2015)‏

1.Adele’s “25” has destroyed music records:
Adele’s latest album “25” sold over 2.4 million copies in its first four days.

2.Pound Falls Below $1.50 for First Time Since April 23:
The pound fell below $1.50 for the first time in seven months.

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3.The IMF is about to give China’s economic reform efforts a major endorsement:
SHANGHAI/NEW YORK (Reuters) – When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod.

4.Lukoil Third-Quarter Profit Falls 62% After Oil Price Declines:
Lukoil PJSC, Russia’s second largest oil producer, said third-quarter profit dropped 62 percent, a bigger decline than estimated, after crude prices fell amid a global supply glut.Net income fell to $623 million in the third quarter compared to $1.62 billion the previous year, according to the Moscow-based company.

5.Macau’s Third-Quarter Economy Sinks 24% Compared to a Year Ago:
Macau’s economy contracted a fifth straight quarter as the world’s largest center of gambling was pummeled by an economic slowdown in China and the government’s attack on corruption which scared off high-rollers.

6.Indonesian Stocks Slump in Late Trading as Banks Lead Retreat:
Indonesian stocks fell the most in four weeks, led by financial and consumer shares, with most of the declines occurring in the last few minutes of trading.The Jakarta Composite Index dropped 2.5 percent to 4,446.46 at the close, erasing its gain for the month.

7.The UK government is under pressure to ban TV ads for any high fat, salt, or sugary food before 9pm:
MPs have also called for a 20% tax to be placed on sugary drinks.

8.Average loss hits 20.31% as equities dwindle further:
Aggregate market value of all quoted equities dropped to N9.495 trillion at the weekend, representing a loss of N175 billion on the opening value of N9.670 trillion recorded at the beginning of the week. The All Share Index (ASI)-the common index that tracks prices of all quoted equities, declined by 1.83 per cent to close the week at 27,617.45 points as against its week’s opening index of 28,131.28 points.

9.OPEC Is Ready to Rumble Over Saudi Output:
Pressure is building on Saudi Arabia to rein in its oil output after a year of pumping full tilt, setting up the most contentious OPEC meeting in years.

10.World’s Biggest Pension Fund Loses $64 Billion Amid Equity Rout:
The world’s biggest pension fund posted its worst quarterly loss since at least 2008 after a global stock rout in August and September wiped $64 billion off the Japanese asset manager’s investments.