Reuters

Juppe And Fillon Clash For Republican Nomination As France Picks Marine Le Pen's Opponent

On Sunday two former prime ministers - Fillon and Juppe - are facing off in a runoff vote for France's center-right presidential nomination, with the victor expected to face a showdown against a resurgent Marine Le Pen in the May 2017 presidential election. Voting opened at 8 a.m. and was set to close at 7 p.m., with the first results likely up to an hour and a half later.

World Leaders Respond To Fidel Castro's Death

Reactions to Fidel Castro's death, like his life, were deeply divided. World leaders including Russian president Putin, South Africa’s President Jacob Zuma, India’s Prime Minister Narendra Modi and several Latin American politicians issued statements and tweets highlighting Castro’s achievements and extolling his virtues.

Meet The Real "Fake News"

Question: "Do you have any people being paid by the CIA who are contributing to a major circulation — American journal?"
Answer: "We do have people who submit pieces to American journals."

Brazil's New President Temer Threatened With Impeachment After New Corruption Scandal Emerges

Brazil’s new president Michel Temer was dragged into yet another influence-trafficking scandal after his former minister of culture reportedly told police the president pressured him into authorizing a construction project benefiting another cabinet member; according to the local press, there is a recording of the conversation which according to Temer was largely innocuous.

Oil Slides As Saudis Refuse To Attend Non-OPEC Producers Meeting

WTI crude prices were already fading this morning, after a subdued day yesterday, but the first major headline from Vienna has sparked further weakness as Reuters reports that Saudi Arabia has told OPEC it will not attend a meeting with non-OPEC producers on Monday.

Frontrunning: November 25

  • Dollar rally pauses, Italian stocks underperform (Reuters)
  • Retailers Vie for Black Friday Dollars (WSJ)
  • Holiday Price War Intensifies as Wal-Mart, Target Pursue Amazon (BBG)
  • U.S. Pushes Iran on New Measures to Fortify Nuclear Deal (WSJ)
  • Brent and WTI see small gains as end of year approaches (Reuters)

Furious Dollar Rally Fizzles On "Black Friday"; US Stocks Set To Open At New All-Time Highs

Having soared to fresh 13 year highs in a quiet overnight session on thin liquidity due to the US Thanksgiving holiday the dollar pared back its weekly advance with modest profit taking after traders wondered if the rally has gotten "too stretched." European shares were fractionally higher, with Asian stocks and US equity futures rising and both the Dow Jones and the S&P set for new all time highs.

Is Nigel Farage Moving To The US

The Times reported that Nigel Farage - who earlier this week was suggested by Donald Trump as the next UK ambassador to the US - and his wife, Kirsten, are planning to leave the U.K. Is a move to the U.S. for the UKIP leader in the cards? Insiders told the Times that Farage has had a long-held interest in the U.S. and would feel "freer" living abroad.

Germany's NordLB Bank: "40% Of Our Shipping Loan Book Is Non-Performing"

Germany's second-largest shipping lender, German Landersbank NordLB warned it was facing a loss of “more than €1bn” this year, as a result of the latest shoring up of reserves against losses on its portfolio of shipping loans, and that a whopping €8 billion, or 40%, of its shipping loan book was now non-performing.

In Last Minute Twist OPEC Demands Big Production Cuts From Non-OPEC Members; Russia Balks

Under pressure from OPEC to make significant output cuts, Russia balked saying it was ready to freeze oil production at current levels, which it aruged is the equivalent of a cut: "According to our plans, (Russia's) oil output is going up next year. If we keep production at the current level we are making our contribution, for us that essentially means a cut of 200,000-300,000 barrels per day (in 2017)" energy minister Novak said.