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G20 summit calls for more aid to Gaza and an end to the war in Ukraine

Leaders of the world's 20 major economies called for a global pact to combat hunger, more aid for war-torn Gaza and an end to hostilities in the Mideast and Ukraine, issuing a joint declaration Monday that was heavy on generalities but short of details on how to accomplish those goals. It also called for a future global tax on billionaires and for reforms allowing the eventual expansion of the United Nation Security Council beyond its five current permanent members. At the start of the three-day meeting which formally ends Wednesday, experts doubted Brazilian President Luiz Inácio Lula da Silva could convince the assembled leaders to hammer out any agreement at all in a gathering rife with uncertainty over the incoming administration of U.S. President-elect Donald Trump, and heightened global tensions over wars in the Mideast and Ukraine.

Associated Press Finance 11 minutes ago

Australia's Sayona Mining buys US based Piedmont Lithium

Australia's Sayona Mining said on Tuesday it is buying U.S.-based Piedmont Lithium in a deal that will consolidate their Canadian operations while shoring up exposure to the North American electric vehicle industry, including Piedmont customer Tesla.

Oil Steadies After Biggest Gain in Five Weeks on Weak Dollar

(Bloomberg) -- Oil steadied after the biggest gain in more than five weeks as the dollar weakened and a risk-on tone swept across wider markets.Most Read from BloombergNew York’s Transit Agency Approves $9 Congestion TollParis to Replace Parking Spaces With TreesIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist ArchitectureBrent traded above $73 a barrel after surging 3.2%

Asian Stocks Follow US Gains on Lower Bond Yields: Markets Wrap

(Bloomberg) -- Asian equities advanced, following gains in the US, as a decline in Treasury yields helped bolster the allure of holding equities. Traders are closely watching for any further news around President-elect Donald Trump’s planned administration.Most Read from BloombergNew York’s Transit Agency Approves $9 Congestion TollParis to Replace Parking Spaces With TreesIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC

Philippine Central Bank Signals Easing On Course After Trump Win

(Bloomberg) -- The Philippine central bank is on course for more rate cuts, Governor Eli Remolona said Tuesday, even as Donald Trump’s win has cast uncertainty over the global economy and policy rate path. Most Read from BloombergNew York’s Transit Agency Approves $9 Congestion TollParis to Replace Parking Spaces With TreesIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceA Bug’s Eye View of Mexico City’s Modernist

Hong Kong Jails Benny Tai for 10 Years in Longest NSL Sentence

(Bloomberg) -- A Hong Kong court sentenced former democracy advocate Benny Tai to 10 years in prison, the longest sentence ever meted out using a China-imposed security law, in a move likely to further deter dissent in the finance hub and attract condemnation from Western governments.Most Read from BloombergNew York’s Transit Agency Approves $9 Congestion TollParis to Replace Parking Spaces With TreesIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to F

RBA Sees Key Rate as Appropriate, Discusses Policy Scenarios

(Bloomberg) -- Australia’s central bank sees its current policy settings as appropriate to try to pull down core inflation that is still “too high,” while discussing scenarios that might require a cut to interest rates, a hike or for them to stay higher for longer.Most Read from BloombergNew York’s Transit Agency Approves $9 Congestion TollParis to Replace Parking Spaces With TreesIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ

Goldman Sachs chairman expects deals to pick up in 2025

Goldman Sachs Chairman David Solomon said on Tuesday there will be more robust levels of both capital raising and M&A in 2025 with the new U.S. administration. "Given where we are at the moment, ... you're starting to unleash some of those animal spirits, and you're seeing a pick-up in equity activity, pick-up in M&A activity," Solomon said at the Global Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority.

Australia central bank pondered scenarios for rate changes at Nov meeting

Australia's central bank said on Tuesday that there was no immediate need to change interest rates, having left them steady for a year now, but it was important to be ready to act as the economic outlook evolves. Minutes of its November 4-5 board meeting released on Tuesday showed the Reserve Bank of Australia (RBA) again discussed scenarios under which the cash rate of 4.35% may need to be cut, raised or held steady for a prolonged period. In one such scenario, the RBA said a drastic slowdown in inflation could warrant a rate cut, but the board will need to observe more than one good quarterly inflation outcome to be confident that such a decline is sustainable.

Australian Pension Group Rejects Mineral Resources Pay Proposal

(Bloomberg) -- A group representing Australia’s A$3.9 trillion ($2.5 trillion) pension industry has recommended its members vote against the remuneration plan of scandal-hit Mineral Resources Ltd. at the company’s annual general meeting on Thursday. Most Read from BloombergNew York’s Transit Agency Approves $9 Congestion TollParis to Replace Parking Spaces With TreesIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC Service

Arthur Frommer, travel guide innovator, has died at 95

Arthur Frommer, whose "Europe on 5 Dollars a Day" guidebooks revolutionized leisure travel by convincing average Americans to take budget vacations abroad, has died. Frommer died from complications of pneumonia, his daughter Pauline Frommer said Monday. Frommer began writing about travel while serving in the U.S. Army in Europe in the 1950s.