- Mining group Anglo American (AAUKY) suspended its dividend for two years and said it expected write-downs of around $4.7 billion, mainly due to "weaker prices and asset closures". Rio Tinto (RIO), another global miner, said it would cut its capex by $1.5 billion over the next two years.
- China's imports and exports contracted again in November, but there are signs that domestic demand might finally have bottomed. Exports contracted by 6.8% from October's 3.6% fall, but imports declined 8.7%, an improvement over the previous month's 16% fall.
- Around 675 Chinese companies are waiting government approval for IPOs worth a total of about $63 billion, the Wall Street Journal writes. The paper says the logjam got worse after the government banned the sale of new stocks in the summer while frantically attempting to halt the stock market crash.
- Nike (NKE) signed a lifetime deal with basketball star LeBron James, which is said to be the first lifetime contract signed by the company. LeBron James has been with Nike since 2003 when he signed a contract worth $90 million.
- U.K. house prices fell slightly in November, data from mortgage lender Halifax showed, vs. expectations that they would edge up. Prices in November were down 0.2% compared with October. The average house price in the U.K. is now 204,552 pounds ($306,828). The data also showed that the quarterly pace of growth was at its lowest for nearly a year.
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