► Sign up to FirstFT: http://on.ft.com/1QNrh3b<br /><br />The FT's Vanessa Kortekaas provides a briefing of Wednesday's top stories, including Saudi Arabia and Russia agreeing to freeze oil output at January levels, escalating tensions in the South China Sea and Angela Merkel arriving for the EU summit.<br /><br />► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes