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Berlusconi puts Italian government in trouble over EU bailout fund

By Angelo Amante and Giuseppe Fonte ROME (Reuters) - Italian former prime minister Silvio Berlusconi said on Tuesday his Forza Italia opposition party would not back a reform of the euro zone bailout fund, a move that puts the government in difficulty ahead of a crucial parliamentary vote. Reform of the fund, known as the European Stability Mechanism (ESM), has lacerated the...

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Euro zone economy suffering even as infections ease – ECB’s Lagarde

FRANKFURT (Reuters) - A second wave of coronavirus cases may be slowing down in Europe but the economy is stil bearing the brunt of the containment measures taken to address it, European Central Bank President Christine Lagarde said on Tuesday. "The second wave is underway and by the way in Europe (it) is beginning to slow down and reduce in intensity...

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FAA issues new first air certificate for Boeing 737 MAX since 2019

By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO (Reuters) - The Federal Aviation Administration (FAA) has issued its first airworthiness certificate for a Boeing (NYSE:BA) 737 MAX built since March 2019, the agency said on Tuesday. The FAA on Nov. 18 lifted a 20-month-old grounding order on the MAX after two fatal crashes in five months killed 346 people. The FAA is requiring...

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Dow Climbs on Renewed Stimulus Hopes, Vaccine News

By Yasin Ebrahim The Dow rebounded Tuesday following a soft start to the week as renewed hopes on fiscal stimulus and positive vaccine news lifted investor sentiment and eased worries about Covid-19 infections across the U.S. The Dow Jones Industrial Average climbed 0.90%, or 266 points. The S&P 500 was 1.27%, while the Nasdaq Composite rose 1.37%. Pharmaceutical giants Pfizer ...

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Canada shares higher at close of trade; S&P/TSX Composite up 0.90%

Investing.com – Canada equities were higher at the close on Tuesday, as gains in the Materials, Financials and IT sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 0.90%. The biggest gainers of the session on the S&P/TSX Composite were BlackBerry Ltd (TSX:BB), which rose 35.42% or 2.71 points to trade at 10.36 at the close. ...

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Delegates gloomy as final fish talks open at WTO

By Emma Farge GENEVA (Reuters) - A final round of negotiations at the World Trade Organization on cutting fisheries subsidies opened on Tuesday with some delegates seeing little hope for a deal by a 2020 deadline despite intensifying negotiations. World leaders committed in 2015 to a series of U.N. targets and one of them mandates the Geneva-based trade watchdog to strike a...

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Biden to present top economy advisers as pandemic threat worsens

By Jarrett Renshaw and Joseph Ax WILMINGTON, Del. (Reuters) - U.S. President-elect Joe Biden will formally introduce his top economic policy advisers on Tuesday as his administration prepares to take power amid a slowing economic recovery hampered by the resurgent coronavirus pandemic. Biden will appear at an event in his hometown of Wilmington, Delaware, alongside his selections for senior roles, including his...

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 1.86%

Investing.com – U.K. equities were higher at the close on Tuesday, as gains in the Banking, Industrial Metals & Mining and Mining sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 added 1.86%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Meggitt PLC (LON:MGGT), which rose 7.41% or 29.00...

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