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U.S. markets news

Breakingviews: Puerto Rico debt payment marks end of fiscal rope
CHICAGO (Reuters Breakingviews) - Puerto Rico has reached the end of its fiscal rope. The cash-strapped U.S. territory scrounged up $355 million to pay creditors on Tuesday, surprising some market-watchers who had expected it to default on at least a ...
Puerto Rico Makes Bond Payments But at What Cost to Residents?  Bloomberg
Puerto Rico Meets Debt Deadline but Warns of Tight Finances  New York Times
Washington Post  
OPEC's Future Influence On Oil Will Wane, US Influence Will Grow
The plunge the price of oil has resulted in a lot of interesting revelations concerning the major oil producers and what their economies will have to do in response to the long-term effect of lower oil prices.
IEA Chief Reiterates Forecast for $80 Oil  Wall Street Journal
Oil prices tread water ahead of US data, Opec meeting  THE BUSINESS TIMES
UK Bank stocks are undervalued, says investment manager
Banks in the UK have passed their latest stress tests by the Bank of England, leading one investment manager to say the sector is currently undervalued.
Banks Pass UK Stress Tests, but Investors Shouldn't Expect Rewards  Wall Street Journal
Mortgage bills could rise even if interest rate holds: Carney warns lenders ...  Daily Mail
Volkswagen's US Auto Sales Got Crushed in November
Meanwhile, VW Group's Audi sales managed to post a small gain, even after pulling models that U.S. regulators say contain illegal emissions software.
Volkswagen's Software Use Was Illegal, German Regulator Rules  New York Times
VW US Sales Plunge 25% Amid Emissions-Cheating Crisis  Wall Street Journal
#GivingTuesday Lets You Help Make A Difference
BALTIMORE (WJZ) - Now that you've wrapped up your Black Friday and Cyber Monday shopping, it's now time for Cyber Tuesday.
After Black Friday and Cyber Monday comes Giving Tuesday
Giving Tuesday encourages people to share money, time and ideas
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.
Did Tony Blair pave the way for Manchester City's �265m deal with ...
Chinese consortium to invest $400M in UAE-based owner of Manchester City FC  Al-Bawaba
See the 'Smogpocalypse' China's President Left Behind to Attend Climate Change ...
Chinese President Xi Jinping is breathing easier these days, as he has escaped smog-enveloped Beijing to attend this week's climate change summit in France.
China's smog closes schools and highways  USA TODAY
Schools ordered to keep pupils indoors as smog chokes Beijing  Daily Mail
Canada housing market to become a drag on the economy: Poll
Canada's housing market is likely to be a drag on economic growth over the next couple of years, thanks to too much supply and high levels of household debt making further buying a risky affair, a Reuters poll found.
Canadian economy returns to quarterly growth amid signs of weakness
Businesses slash spending as oil sector downturn slows consumer demand  The Globe and Mail (subscription)
Samsung shuffle makes younger Lee the boss
Seoul • Samsung Group Vice Chairman Lee Jae Yong faces his first real test as the conglomerate's de facto leader, and it doesn't look good for executives at the mobile-phone division.
Samsung's New Mobile Phone Chief Exemplifies Focus on Software  Bloomberg
Samsung Has a New Smartphone Boss  Gizmodo
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.
China's manufacturing contracted in Nov, services improved
China's woes disguise a tale of two economies  Financial Times