Outlook darkens for Wall Street as Biden's regulators take shape

Wall Street may be facing an uncomfortable four years after President-elect Joe Biden's team confirmed on Monday it planned to nominate two consumer champions to lead top financial agencies, signaling a tougher stance on the industry than many had anticipated.

Oil companies, aid groups plan to press Biden to allow Venezuela fuel swaps

Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe Biden to reverse a ban on crude-for-diesel swaps.

Canada's Alberta urges Trudeau to press Biden, save Keystone XL pipeline

Canada's main oil-producing province Alberta urged Prime Minister Justin Trudeau on Monday to mount a last-ditch effort to save an $8 billion pipeline and threatened to seek damages if U.S. President-elect Joe Biden cancels Keystone XL.

Couche-Tard CEO would love second shot at Carrefour deal

Alimentation Couche-Tard would revive its $20 billion bid for France's Carrefour if the Canadian convenience store operator saw a change in the French government's stance on the proposed deal, its chief executive said on Monday.

Canada to lift Boeing 737 MAX flight ban on January 20

Canada said on Monday it will lift a near two-year flight ban on Boeing Co's 737 MAX on Jan. 20, joining other countries like the United States that have brought the aircraft back following two fatal crashes involving the model.

Oil slips on coronavirus fears, strong dollar

Oil prices fell slightly on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the coronavirus outweighed a better-than-expected quarterly rebound for China's economy.

Carmaker Stellantis shares star in European debut

Stellantis, the carmaker created by combining Fiat Chrysler and Peugeot-owner PSA, enjoyed a positive start on Monday, its shares rising 8% on their European market debut and valuing the business at around 42 billion euros ($51 billion).

Exclusive: Southeast Asia's Grab considering U.S. IPO this year - sources

Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year, encouraged by robust investor appetite for IPOs, three sources familiar with the matter told Reuters.

Global stocks waver as COVID-19 fears trump recovery hopes

Global stock markets wavered on Monday as soaring COVID-19 cases offset investor hopes of a quick economic recovery, even after data showing that the Chinese economy rebounded faster-than-expected in the fourth quarter of 2020.

Biden taps Chopra as consumer financial regulator, Gensler as SEC chairman - statement

U.S. President-elect Joe Biden will nominate Gary Gensler to serve as the commissioner of the Securities and Exchange Commission and Federal Trade Commission member Rohit Chopra to head the Consumer Financial Protection Bureau, the campaign said in a statement on Monday.

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