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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
Reuters Blogs (blog)  
Oil steadies as oversupply concerns offset weaker dollar
LONDON: Crude oil prices steadied on Tuesday as the dollar eased, but with OPEC widely expected to stick to its output target this week, concern about oversupply remained in focus.
OPEC's Future Influence On Oil Will Wane, US Influence Will Grow  Seeking Alpha
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
#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
Volkswagen's Software Use Was Illegal, German Regulator Rules
LONDON - German regulators said on Tuesday that the software Volkswagen used in many of its diesel vehicles constituted illegal cheating on emissions tests, deepening the company's problems.
VW US Sales Plunge 25% Amid Emissions-Cheating Crisis  Wall Street Journal
VW sales fall sharply in wake of diesel scandal  Los Angeles Times
Amazon unveils new Prime Air drone
Amazon posted new footage of its updated drone delivery intended for its Prime Air package delivery system. The new design is vastly different from the previous model and claims to increase efficiency and utility that will help it bring packages to ...
Drones in China Will Soon Face Less-Friendly Skies  Wall Street Journal (blog)
Drone popularity has officials targeting new regulations
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
Here's What That Choking Blanket of Smog Over China Looks Like From Space  Gizmodo
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)
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
Manufacturing sector growth slumps to 25-month low  The Hindu
Manchester City deal-maker is 'Chinese Murdoch' with influence at the very top
As Manchester City fans celebrate their club's latest windfall, the Chinese man who edged his way into the club's boardroom would be feeling equally satisfied with a deal that would please those at the apex of power in Beijing.
Chinese consortium to invest $400M in UAE-based owner of Manchester City FC  Al-Bawaba
Man City close in on illustrious neighbours with massive Chinese investment  TVNZ