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U.S. markets news

News in Numbers: Chinese yuan becomes fifth IMF reserve currency
Analysts say this could also mean that the global economy would be much more exposed to the Chinese economy. Photo: Bloomberg. 7.4%.
China stocks sag after soft PMIs; Hong Kong jumps on yuan SDR triumph  Hindu Business Line
IMF gives China's currency prized reserve asset status  Reuters
Wall Street Journal  
Target, Walmart & other websites stumble on Cyber Monday
CHICAGO: US shoppers seeking to avoid the holiday crowds at bricks-and-mortar stores and snare deals on Cyber Monday came face-to-face with traffic jams and product sellouts, with some customers of Target Corp forced to wait in a virtual line.
Target website down on Cyber Monday traffic  Rapid News Network
Massive Cyber Monday traffic crashes Target website  WDAM-TV
Gates Leads Billionaires in $2 Billion Climate Investment
Bill Gates, the world's richest man, led a group of philanthropists in vowing to plow $2 billion into clean energy through personal investments and a new fund to be set up next year.
Paris climate summit: All the news  Livemint
Bill Gates Is Finally Tackling Climate Change. That's Good News for the ...  Slate Magazine (blog)
AirAsia crash: Faulty part 'major factor'
A faulty component was a "major factor" when an AirAsia plane crashed into the Java Sea, killing 162 people last December, Indonesian officials say.
Rudder-System Failure Contributed to AirAsia Flight 8501 Crash  Wall Street Journal
AirAsia crash investigators say crew lost control after responding to faulty ...  The Guardian
India cbank focused on rate cut transmission - Rajan
MUMBAI Dec 1 The Reserve Bank of India governor said he is focusing on transmission of rate cuts passed earlier this year but added that the central bank remains open to easing rates further.
Top 10 rate-sensitive stocks to bet on post RBI money policy  Economic Times
Base rate calculation guidelines for banks soon: RBI  Livemint
UPDATE 2-Samsung Elec names new smartphone head as heir apparent makes mark
... * J.K. Shin to cede day-to-day handset business role. * Smartphone business struggling despite product revamp. * Analysts say move does not point to major strategic shift (Updates with comments from analysts, background).
Samsung appoints new head for mobile business  PCWorld
Samsung names new head for smartphone business  Times of India
Australia's central bank holds keeps rates on hold
Australia's central bank kept interest rates steady for a seventh month today as data showed exports provided a huge lift to the economy last quarter and helped fill a gaping hole left by business investment.
RBA leaves cash rate unchanged  Seeking Alpha
RBA Keeps Rates at Record-Low 2%  Wall Street Journal
China orders factories to shut as smog rises
China has ordered thousands of factories to shut as it grapples with choking smog that's nearly 24 times safe levels, casting a shadow over the country's participation in Paris climate talks.
Airpocalpyse in Beijing as Xi touts a greener China  CNBC
Beijing air pollution reaches hazardous levels  The Seattle Times
Canadian Oil Sands Wins More Time for Bids as Suncor Mulls Steps
Canadian Oil Sands Ltd.'s shareholders won another month to find suitors willing to counter Suncor Energy Inc.'s C$4.5 billion ($3.37 billion) hostile takeover offer.
Canadian Oil Sands can stall Suncor Energy's hostile takeover bid for a ...  Edmonton Journal
UPDATE 2-COS investors given extra month to assess Suncor bid  Reuters
OPEC: Are we going to see a Saudi change of heart?
What do you do when you your carefully crafted plan simply doesn't pay off? Do you abandon it, cut your losses and risk losing face?
UPDATE 2-Crude oil prices remain weak ahead of OPEC meeting  Reuters
Oil Prices Higher; Overhang Fear Will Cap Gains  Wall Street Journal