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U.S. markets news

IMF gives China's currency prized reserve asset status
WASHINGTON The International Monetary Fund admitted China's yuan into its benchmark currency basket on Monday, in a victory for Beijing's campaign for recognition as a global economic power.
PBoC reassures on renminbi after entry to elite IMF club  Financial Times
What's News: Business & Finance  Wall Street Journal
Hindu Business Line  
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.
Bill Gates Is Finally Tackling Climate Change. That's Good News for the ...  Slate Magazine (blog)
Led by Gates, 20 biz titans launch clean tech coalition  Times of India
Cyber Monday sales on pace to crack $3 billion for the first time
During the Thanksgiving weekend, 103 million people shopped online compared with 102 million who went to stores, the National Retail Federation said.
Target website stumbles on Cyber Monday, rivals out of stock  Financial Express
Cyber Monday racks up a record $3B in sales  Detroit Free Press
India's Central Bank Leaves Key Interest Rate Unchanged
MUMBAI—India's central bank kept its key interest rate unchanged at a four-year low Tuesday, after delivering four cuts since January to boost growth in Asia's third-largest economy.
RBI keeps repo rate on hold at 6.75 pct as expected  Reuters
EconomyIndia central bank keeps rates unchanged  Financial Times
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 Replaces Mobile Chief as Smartphone Lead Dwindles  ABC News
Samsung replaces chief of struggling mobile unit  CNET
Amazon gives glimpse at new delivery drone design
SAN FRANSISCO: Amazon provided a glimpse into the future of online shopping in a video of a new delivery drone that racked up more than two million views by mid-Monday.
Amazon gives details on drone delivery program, still mum on timeline  Economic Times
Amazon's Drones May Land in the Backyard  Wall Street Journal
Reserve Bank of Australia Holds Rates at Record-Low 2%
Australia's central bank extended its interest-rate pause for a seventh month as the labor market remains resilient and the economy expands steadily despite a plunge in mining investment.
The Reserve Bank board members met in Perth on Tuesday. Nicholas Rider  The Australian Financial Review
RBA keeps rates on hold at 2 per cent  Sydney Morning Herald
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.
UPDATE 2-COS investors given extra month to assess Suncor bid  Reuters
Canadian Oil Sands can stall Suncor Energy's hostile takeover bid for a ...  Montreal Gazette
Brazil sues BHP, Vale for $A7 billion
Brazil has promised to punish BHP Billiton and Vale over damage caused by a burst tailings dam. Brazil sues BHP, Vale for $A7 billion.
Brazil files dam lawsuit against BHP  The Australian
BHP Billiton falls on Brazil plans to sue for burst dam  BDlive
Smog casts a shadow over our family life in Beijing
The UN climate change conference, COP21, is currently underway in Paris. Each day over the course of the two-week summit, Irish people living in regions most affected by climate change worldwide will share their observations.
Beijing Air Pollution Reaches Hazardous Levels  New York Times
Heavy Smog Forces Students Home as Pollution Hits Beijing  Bloomberg