Wall Street stocks rose in opening trading Wednesday after Democrats won control of the House of Representatives in key midterm elections even as President Donald Trump's Republican party increased its Senate majority.

Former US Treasury secretary Henry Paulson warned Wednesday of the risk of an "economic iron curtain" unless the United States and China step up efforts to ease soaring trade tensions.

Saudi Crown Prince Mohammed bin Salman on Monday laid the foundation stone for the kingdom's first nuclear research reactor, state media said, as the kingdom seeks to diversify its energy mix.

Australia's central bank on Thursday said the economy was "performing well" and lifted its growth outlook while keeping interest rates at a record low but warned there were concerns about global trade.

Inflation in Turkey surged to over 25 percent in October from the same period the year earlier, the highest annual rate for over 15 years, official statistics showed on Monday. 

A political crisis in Sri Lanka, where two prime ministers are fighting for power, is scaring away tourists and raising questions over foreign aid, ringing alarm bells for the economy as the currency slumps to record lows.

Asian markets fell Monday after Donald Trump's top economics adviser downplayed the chances of a quick deal to end the China-US trade war, taking the wind out of the sails of last week's rally.

UAE oil company ADNOC has announced the discovery of new oil and gas resources, with an eye on full self-sufficiency as US sanctions on Iran go into effect.

With Washington poised to curtail Iran's oil exports, OPEC heavyweight Saudi Arabia and its partners stand ready to ramp up supplies even as market conditions remain uncertain, analysts say.

US President Donald Trump said Thursday he had "very good" talks with Chinese leader Xi Jinping on the trade conflict between the two economic giants, and meetings were being planned at the G20 summit at the end of this month.