India's government tried to quell the panic Wednesday caused by a bombshell decision to withdraw 500 and 1,000 rupee notes from circulation after cash machines ran dry and shares slid.

Share markets plunged Wednesday and the dollar tumbled against the yen and the euro as Donald Trump was elected US president, in a stunning upset with major implications for the world economy.

The Mexican peso also fell to a record low as safe-haven assets soared, with gold rising more than five percent and German government bonds rallying. Fears about the impact on financial markets led Japanese and South Korean authorities to call crisis talks.

Turkey's industrial output nosedived in September, the country's statistics office said, fueling fears that growth is contracting in the second half of the year in the wake of the failed July 15 coup.

The OPEC cartel warned Tuesday that the oil industry needs to step up investments to guarantee sufficient supply as low prices stimulate demand.

Iran signed a deal with France's Total on Tuesday to develop a major offshore gas field, its first big contract with a Western energy firm since the lifting of sanctions.

Wall Street stocks jumped more than 2 percent Monday as global markets rallied after the FBI cleared U.S. presidential candidate Hillary Clinton in an email probe.

Analysts described the gains as a relief rally in the final session before the U.S. vote Tuesday, on the presumption the FBI's announcement Sunday boosted the odds for Democrat Clinton, a clear favorite of investors over Republican Donald Trump. 

Coordination between members of oil-exporting cartel OPEC and non-member producers is "vital" to rebalance the market, OPEC chief Mohammad Barkindo said Monday.

Iran will sign a deal with France's Total on Tuesday for the development of gas production at a major offshore field in the Gulf, the Iranian oil ministry said.

The Heads of Agreement (HOA) for the development of Phase 11 of the important South Pars field is worth $6 billion (5.4 billion euros), a ministry spokesman told AFP.

Industrial firms in Germany, Europe's largest economy, saw an unexpected fall in new orders in September, official data showed on Monday, pointing to weaker performance in the months ahead.

Egypt will buy from global oil markets in November after Saudi Aramco halted deliveries for a second month, an oil ministry official said on Monday.

The move by the Saudi oil giant came as the two countries disagreed over Syria's conflict, with Egypt edging closer to Russia, a key backer of President Bashar al-Assad's regime whom Riyadh opposes.