In sudden U-turn, NYSE scraps plan to delist three Chinese telecom firms

HONG KONG/SINGAPORE/WASHINGTON (Reuters) -The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants - a shock reversal of an announcement made only last week and deepening confusion over a U.S. crackdown on firms said to be linked to China's military.

Mnuchin tells NYSE he disagrees with exchange's decision to reverse course on Chinese telecom dealing -Bloomberg News

U.S. Treasury Secretary Steven Mnuchin disagrees with the New York Stock Exchange's plan to no longer delist three Chinese telecom giants, Bloomberg News reported on Tuesday.

Saudi vows extra cuts as OPEC+ agrees small rise in oil output

MOSCOW/LONDON/DUBAI (Reuters) -Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.

Oil prices jump 5% on OPEC+ output talks, Iran tension

NEW YORK (Reuters) -Oil prices climbed nearly 5% on Tuesday after news that Saudi Arabia will make voluntary cuts to its oil output, while international political tension simmered over Iran's seizure of a South Korean vessel.

Dollar falls as yuan fix lifts risk currencies, Georgia elections in focus

The dollar fell against a basket of major currencies on Tuesday, on the heels of China's decision to lift its official yuan exchange rate by its highest margin since it abandoned a dollar peg in 2005, while U.S. Senate runoff elections in Georgia were also in focus.

Stocks climb after Monday's drop; oil gains 5%

NEW YORK (Reuters) -Global equity indexes were mostly higher on Tuesday, with Wall Street rebounding from a weak start to the year, and oil prices settled up 5% after news that Saudi Arabia will make voluntary cuts to its oil output in February.

Increased new-car demand during pandemic has U.S. industry optimistic about 2021

(Reuters) -Increased demand for new vehicles during the COVID-19 pandemic helped General Motors Co and other automakers report strong fourth-quarter U.S. sales on Tuesday, and executives voiced optimism the rebound from low sales during the April-May production shutdown will continue in 2021.

Wall Street drifts higher as Georgia runoffs get underway

(Reuters) -Wall Street's main indexes climbed on Tuesday as investors took advantage of previous session's slump, while waiting for the outcome of battleground Georgia's Senate runoff elections, which will determine the balance of power in Washington.

U.S. bankruptcy filings hit 35-year low thanks to government pandemic aid

U.S. bankruptcy filings for 2020 hit their lowest level since 1986 as a flood of government support programs offset at least temporarily the full brunt of the coronavirus pandemic and a related recession, Epiq AACER reported on Friday.

U.S. factory activity approaches 2-1/2-year high; COVID-19 hitting supply chains

WASHINGTON (Reuters) -U.S. factory activity accelerated to its highest level in nearly 2-1/2 years in December as the coronavirus pandemic continues to pull demand away from services towards goods, though spiraling new infections are causing bottlenecks in supply chains.

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