China's yuan on Monday gained the International Monetary Fund's imprimatur as a reserve currency, but that won't actually change anything—at least not anytime soon.
Fiat Chrysler Automobiles NV posted a 3% gain in November U.S. auto sales as Black Friday deals against a favorable economic backdrop helped buoy a traditionally sluggish month damped by fewer selling days.
... * FTSE 100 up 0.5 pct. * Banks gain after results of BOE stress tests. * Miners, oil firms steady with dollar weaker. * Babcock suffers from Citi downgrade (Adds quote and detail, updates prices).
LONDON Chinese investors are paying $400 million for a stake in the group that owns soccer clubs including England's Manchester City and New York City FC, the country's most significant overseas investment in the game.
(Adds executive appointment, context on energy sector exposure). TORONTO Dec 1 Bank of Nova Scotia, Canada's third-largest bank, reported a higher quarterly profit on Tuesday, helped by asset growth and favorable foreign exchange moves.