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U.S. markets news

IMF decision a victory for China — and a big challenge, too
BEIJING - The International Monetary Fund's decision to add the Chinese renminbi to its basket of reserve currencies was hailed Tuesday as a milestone in China's quest to play a bigger role in the global economy, but also recognized as a challenge to ...
Hong Kong shares post biggest rise in 3 weeks after yuan SDR triumph  Reuters
New Dawn for China as Yuan Joins Majors  Bloomberg
Hindu Business Line  
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.
Walmart's offering restocked Cyber Monday deals on Monday night  CNET
Target's website crashes on busy Cyber Monday  New York Post
Yes Bank inks pacts worth $265 million with US companies for SME lending
NEW DELHI: Private sector lender Yes Bank today said it has signed loan agreements worth $265 million with OPIC and Wells Fargo to support small business growth in India.
Wells Fargo's sales tactics are reportedly under investigation by the US  Los Angeles Times
Shares of Wells Fargo & Company (NYSE:WFC) Sees Large Outflow of Money  Money Flow Index
RBI keeps rates on hold, more easing seen as challenging
MUMBAI The Reserve Bank of India (RBI) kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target f or 2017.
RBI expects banks to clean up their balance sheets by March 2017  Livemint
India Inc welcome steady policy rates, but seek full benefit of previous ...  Firstpost
Samsung replaces its smartphone chief
Samsung Mobile's top execs held on for a while during the company's troubled time with smartphones, but it's apparently been long enough.
UPDATE 2-Samsung Elec names new smartphone head as heir apparent makes mark  Reuters
Samsung appoints new head for mobile business  PCWorld
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.
Australia's central bank keeps rates at record low  MarketWatch
$A boosted by China data and RBA  Sky News Australia
AirlineRatings names 'most excellent' airlines for 2016
(CNN) Its star-studded safety videos show the airline making happy customers of everyone from hulking sports stars to pocket-sized hobbits.
Air NZ tops airline honours third year in a row  New Zealand Herald
Air New Zealand tops list  YourErie
New Delhi Is Nearly as Polluted as Beijing Only Nobody Issues a Smog Warning
As the world's leaders congregated in Paris to discuss solutions to global warming, two of its biggest cities encountered some of the worst pollution they have seen in recent times - with significantly different government reactions.
Beijing pollution: Schools keep children indoors  BBC News
Beijing residents use humour to cope with 'scary', hazardous air ...  ABC Online
Why Saudi Arabia plans to build the world's tallest skyscraper
Dubai's superlative-loving rulers are on notice: Saudi Arabia seems to be getting serious about stealing your crowning glory. State-linked development companies in the Red Sea port of Jiddah have agreed to pony up the money for a skyscraper flirting ...
The world`s tallest buildings  Reuters
Saudi developer secures funds to complete world's tallest tower  The Straits Times
Lawmakers advise against Heathrow expansion until conditions met
Britain's government should not give final approval to London's Heathrow [FGPTOW.UL] airport for an expansion until it shows it accepts and will comply with environmental conditions, a Parliamentary committee said in a report.
UK panel: Heathrow plans must address air quality issues  New Zealand Herald
MPs raise environment concerns over Heathrow expansion  Financial Times