- UK inflation figures are coming:
The Office for National Statistics publishes a lot of inflation data today at 9:30 a.m. UK time (4:30 a.m. ET), including the retail price index for October, consumer price index and the producer price index.
- VW’s emissions scandal keeps getting worse:
Volkswagen said its manipulations of carbon dioxide emission levels affect more petrol-powered engines at the German carmaker than it had previously disclosed.
- Investment banks are having a hard year:
Revenue at the world’s 10 largest investment banks is on course to decline again in 2015 by 2% to $148 billion compared to a year ago, although a strong showing in equities will limit the fall, a survey on Tuesday showed.
- Facebook shares dropped after a key investor sold his stake:
Facebook shares fell almost 3% on Monday following news that board member Marc Andreessen has sold about three quarters of his stake in the company over the past two weeks.
- Big African Debt Burdens, Written Off, Are Back Again:
NAIROBI, Kenya—Rock stars helped convince the international community to write off more than $100 billion of African government borrowings a decade ago. Now the big debts are back, and it’s getting tougher for countries to pay them off.
- China’s Yunnan Coal Becomes Latest Miner to Struggle With Debts:
Yet another Chinese coal miner is struggling with debt payments as the slumping economy curbs demand and spurs defaults.
State-owned Yunnan Coal Chemical Industry Group Co. and its businesses had 1.31 billion yuan ($205.6 million) of overdue loans as of Oct. 30 due to rising borrowings and a cash shortage, its unit Yunnan Yunwei Co. said in a Shanghai Stock Exchange statement dated Tuesday. China Chengxin International Credit Rating Co. lowered the parent’s issuer rating to BB from AA on Nov. 13, and put the firm on notice for a possible further cut.
- China Investors Go Missing From Hong Kong Stock-Trading Link:
One year after China allowed some of its citizens to directly trade Hong Kong shares for the first time, enthusiasm has turned to apathy.
Since a flurry of buying by mainland investors in April spurred the biggest monthly rally in six years for the Hang Seng Composite Index, average daily purchases of the city’s stocks via an exchange link with Shanghai have tumbled 89 percent. Four of the five most popular targets through the connect are down more than 40 percent from April peaks, while the valuation discount on Hong Kong shares relative to Shanghai is even wider.
- German economic sentiment data is published at 10:00 a.m:
UK time (5:00 a.m. ET). The consensus figure is 55 and anything over 50 is considered positive. The German economy is in focus after some poor data misses on production and manufacturing this month.
- Black Friday might be a bust this year:
Research from retail analysis firm Conlumino found seven in 10 Americans are unimpressed by Black Friday discounts, and three in five say they would rather shop online than fight the crowds in stores.
- Google’s mobile search has got a boost from Facebook:
Google searches from Android smartphones will now display information from public Facebook profiles, pages, groups, and events.