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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  
How To Play This Weeks Opec Meeting For A Quick Gain
Late this week OPEC has its annual meeting to discuss OPEC oil production levels as well as set members' production levels and export quotas for the next year.
Oil prices tread water ahead of US data, Opec meeting  THE BUSINESS TIMES
Brent slips on OPEC worry; US crude steady ahead of inventory data | Reuters  Firstpost
Why is Morgan Stanley Set to Cut 25% Fixed Income Jobs?
Job cuts have become a common phenomenon for companies (across all sectors) to sustain the profitability when a particular division doesn't earn sufficiently.
Morgan Stanley is pulling a surprise move — and Wall Street loves it  Business Insider
Morgan Stanley says the middle class is 'eroding'  WHAG
Banks Pass UK Stress Tests, but Investors Shouldn't Expect Rewards
The governor giveth and the governor taketh away. The Bank of England has come to the end of its long march to get banks to hold more capital.
Mortgage bills could rise even if interest rate holds: Carney warns lenders ...  Daily Mail
Bank of England draws line under bank-bashing  Financial Times
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.
On #GivingTuesday, Paypal Tries to Break Charity Record  Wall Street Journal
After Black Friday and Cyber Monday comes Giving Tuesday
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.
Man City group sells 13% stake to Chinese investors  BusinessDay
Manchester City is 10 times more valuable than it was just seven years ago  Quartz
China's smog closes schools and highways
China is dealing with a blanket of smog so thick that authorities Tuesday ordered schools to keep students indoors. A day after Chinese President Xi Jinping met in Paris with other world leaders at a climate change conference, Beijing grappled with its ...
Schools ordered to keep pupils indoors as smog chokes Beijing  Daily Mail
Beijing Faces 'Smogpocalypse' as World Leaders Kick Off Climate Summit  ABC News
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 woes disguise a tale of two economies  Financial Times
China's manufacturing contracted in Nov, services improved