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U.S. markets news

UPDATE 4-Puerto Rico avoids second default, but future payments uncertain
(Adds governor's order on highway and infrastructure agencies, comments from analyst and Senator). By Megan Davies and Nick Brown.
Puerto Rico narrowly avoids default  BBC News
As Puerto Rico Crisis Worsens, Congress Shows No Rush to Assist  Bloomberg
New York Times  
Volkswagen's US sales plunge 25% in wake of emissions scandal
New York (CNNMoney) - Volkswagen said U.S. sales plunged 25% in November in the wake of the German automaker's massive emissions cheating scandal.
While US Car Sales Jump, VW's Plunge  New York Times
First Take: VW's sales drop finally reflects its scandal  USA TODAY
US Factory Activity Hits 6-Year Low
U.S. factory activity in November fell to the lowest level since the end of the recession, as a weak global economy and strong dollar continued to buffet the manufacturing sector.
ISM manufacturing activity slumps in November: ISM  Reuters
US manufacturing dips 1st time in 3 years  Sky News Australia
UPDATE 2-IMF policymakers see need for more economic reforms in China
(Adds details on FX rate gap, foreign trading). WASHINGTON Dec 1 International Monetary Fund policymakers stressed the need for further economic reforms in China and saw some operational challenges in adding China's yuan currency to the fund's ...
China leaves India trailing in race for reserve currency status | Reuters  Firstpost
Argentina Suspends New Currency Futures as Weaker Peso Looms  Bloomberg
Europe manufacturing improves, Americas and Asia slow
LONDON/JAKARTA: Global manufacturing growth remained tepid in November as new orders came in at a slower pace, surveys showed on Tuesday.
Manufacturing Sector Weakness All About the Dollar  Wall Street Journal (blog)
Manufacturing output at 25-month low in Nov on poor new orders  Hindu Business Line
#GivingTuesday: How effective is it?
After Black Friday and Cyber Monday holiday buying sprees, along comes #GivingTuesday - a day of generosity promoted around the world.
'Giving Tuesday' Marks Day of Charity  ABC News
VIDEO: #GivingTuesday simply portrays the real meaning of Christmas  Irish Examiner
UK bank stocks help FTSE outperform in stress test rally
UK bank stocks helped the FTSE 100 outperform its European peers on Tuesday after every lender in the benchmark index passed the latest round of stress tests.
European stocks fall as Linde slumps  Reuters
Bank shares lead FTSE 100 higher after stress test  MarketWatch
OPEC set for tough meeting, further price fall feared - sources | Reuters
VIENNA OPEC is heading for a tough meeting this week, delegates and officials said on Tuesday, as country members pump record volumes amid an uncertain demand outlook and as the prospects of a U.S.
The party is over for oil: Dan Yergin  CNBC
Iran Calls on Oil States to Cut Excess Crude: OPEC Reality Check  Bloomberg
GM, Toyota Sales Up in Strong November for US Auto Industry
DETROIT - November used to be a slow month for U.S. car sales. Not anymore. Black Friday promotions - some of which began well before Thanksgiving - were expected to push last month's sales to near-record levels.
Auto Sales on Track for Best November Since 2001  Wall Street Journal
Automakers Report Higher November Sales  Fox Business
Man City group sells 13% stake to Chinese investors
Manchester City's parent company have announced a deal which will see a consortium of Chinese institutional investors take a stake of just over 13 per cent in the group.
Manchester City is 10 times more valuable than it was just seven years ago  Quartz