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U.S. markets news

China's Renminbi Is Approved by IMF as a Main World Currency
HONG KONG - The Chinese renminbi was anointed as one of the world's elite currencies on Monday, a milestone decision by the International Monetary Fund that underscores the country's rising financial and economic heft.
Asian shares firm as focus turns to China PMI surveys  Reuters
Asian Shares Rise After IMF's Yuan Inclusion, Ahead of Factory Gauges  Wall Street Journal
Los Angeles Times  
Target website stumbles on Cyber Monday, rivals out of stock
CHICAGO U.S. 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's digital fumble shows why we should kill Cyber Monday  San Francisco Chronicle
Cyber Monday sales: Slower compared to weekend but still up 18% over 2014  OCRegister
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.
UC joins Bill Gates' clean-energy coalition with $1-billion investment  Los Angeles Times
Led by Gates, 20 biz titans launch clean tech coalition  Times of India
This Was the Biggest Cyber Monday Ever
Cyber Monday is on track to become the biggest online sales day in history, with total spending predicted to reach $2.98 billion according to Adobe.
Could online shopping replace shopping in store?  CBS News
Cyber Monday sales still on top, but losing some luster  The Seattle Times
US crude oil prices remain weak ahead of OPEC meeting
SINGAPORE Crude oil prices held at low levels in early trading in Asia on Tuesday as traders bet on continued high production from the Organization of the Petroleum Exporting Countries (OPEC) ahead of its meeting later this week.
Resilient US Oil Output Poses Challenge for OPEC  Wall Street Journal (blog)
US crude ends bearish month with slight losses, ahead of OPEC meeting
Ethanol Companies Get Boost From US Quotas
U.S. regulators cut annual requirements for how much ethanol must be mixed into the nation's fuel supply. But the reductions were smaller than originally proposed, softening the blow to ethanol companies and their Farm Belt supporters.
UPDATE 2-US EPA finalizes 2016 renewables target at 18.1 bln gallons  Reuters
US deals double blow with ethanol ruling  Financial Times
UPDATE 2-COS investors given extra month to assess Suncor bid
... * Commission rejects plan to extend bid duration to 120 days. * New deadline is extension of usual 60-day limit. * Lawyer says commission 'met everyone halfway' (Adds comment from Suncor and COS).
Canadian Oil Sands' 'Poison Pill' Plan Upheld by Regulator  Wall Street Journal
Alberta Regulator Gives Canadian Oil Sands More Time for Bid  Bloomberg
Dollar rises slightly, ECB meeting in sight
NEW YORK The dollar edged up against major currencies on Monday, on expectations for further stimulus from the European Central Bank in what has been a strong month for the greenback.
ECB to cut deposit rate 10bp, extend QE by three months  EconoTimes
Bye, bye Dubai — the world's tallest tower, costing about $3 billion, isn't ...
DUBAI'S towering Burj Khalifa may have to give up its title as the world's tallest building to Saudi Arabia's Kingdom Tower, now that funding has been secured for the last phase of its $AU3 billion construction.
Huge 1km tower set to become the world's tallest building is designed to ...  TVNZ
Jeddah Tower To Snatch Title of 'World's Tallest Building' From ...  The Inquisitr
India's economy outpaces China; RBI seen holding rates
India's economic growth picked up in July-September, outpacing China on improving domestic demand and manufacturing activity, and the acceleration could persuade the country's central bank to keep interest rates unchanged at its Tuesday meeting.
China's Rebalancing Timetable  Seeking Alpha
Economy looks up, Q2 GDP growth hits 7.4% on high factory output  The Indian Express