TOP MAN: The new head of French energy major Total, Patrick Pouyanne, during the Oil and Money conference in London. He takes over the reins after the death of Christophe de Margerie in a plane crash. (Ben Stansall, AFP)
In other news
Strong earnings by credit card giant Visa has sent its stock soaring, almost single-handedly powering the Dow to a 1.3% gain.
Oil prices have fallen in Asia, pressured by a stronger dollar as dealers speculated whether the Federal Reserve will lift interest rates sooner rather than later.
The rand has firmed against the dollar as the reserve bank defended its inflation targeting policy, saying it was the best approach to reducing price pressures.
The new head of French energy major Total has promised continuity and stability after the death of his predecessor, Christophe de Margerie in a plane crash.
Volkswagen, which has struggled with high costs at its core VW brand, has surprised analysts with strong third-quarter earnings.
Royal Bank of Scotland will announce how much it has set aside to cover potential fines for manipulating currency markets when it reports third-quarter results.
Britain's 'bad bank' has already contacted around 20 000 customers whom it thinks might have problems repaying their mortgages when interest rates start to rise.
Germany's tally of unemployed has fallen by 22 000 in October, showing that fears of recession in the eurozone have not translated into a fall-off in hiring yet.