China's services activity contraction deepened in November, official data showed on Wednesday, as already strict COVID-19 restrictions tightened further in some cities due to surging infections and struck a blow to consumption.
The ongoing COVID-19 pandemic and problems in China's real estate sector pose continued risks to China's economy, the head of the International Monetary Fund said on Tuesday, adding that the fund may have to revise its growth projection downwards.
* Oil companies rise amid recovery in crude prices. * U.S. consumer confidence slips in November. * Indexes: Dow flat, S&P up 0.11%, Nasdaq up 0.13% By Ankika Biswas and Shreyashi Sanyal. Nov 29 - Wall Street's main indexes were little changed on Tuesday as growth stocks extended losses, while a rise in energy shares on the back of higher oil prices helped stave off declines.
Former Russian finance minister Alexei Kudrin said he is leaving his role as head of Russia's Audit Chamber, the country's public spending watchdog, paving the way for a possible move to technology company Yandex (YNDX). In a statement posted on his Telegram channel, Kudrin said: "I have spent about 25 years in the public sector.
* TSX ends down 163.28 points, or 0.8%, at 20,220.49. * Energy falls 1.7% * Materials sector loses 2.3% * Shopify (SHOP) gains 4.4% By Fergal Smith. TORONTO, Nov 28 - Canada's main stock index fell on Monday, pulling back a 5-1/2-month high, as concern about the economic impact of China's strict COVID-19 policies put pressure on resource shares.
Mexico's economy grew 0.9% in the third quarter from the previous three-month period, national statistics agency INEGI said on Friday, boosted mainly by the primary sector and despite an ongoing aggressive monetary tightening cycle.
Copper prices fell on Friday as surging COVID-19 levels and lockdowns in China hit demand and the dollar strengthened, making metals costlier for buyers with other currencies. Measures by China, the biggest metals consumer, to support its economy and property sector did provide support, however. At 1700 GMT, benchmark copper on the London Metal Exchange was down 0.5% at $8,004 a tonne.
* Real estate stocks tumble. * Retail stocks dip on Black Friday. * German economy grows more than expected in Q3. By Sruthi Shankar and Devik Jain. Europe's STOXX 600 index closed flat on Friday, for its sixth straight weekly gain, as hopes of slowing interest rate hikes offset a real estate sector sell-off and retailers were hurt by fears of a bumpy holiday shopping season.
Bank of China Ltd announced Friday that it had agreed to provide credit lines totaling more than 600 billion yuan to 10 property developers, including Vanke and Country
Garden (CTRYF). The move came as China's state-owned banks took efforts to respond to Beijing's call to ease a liquidity crisis in the embattled property sector.
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