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World News Headlines - Yahoo News
Renzi to resign as referendum rout tips Italy into turmoil
By Crispian Balmer and Steve Scherer ROME (Reuters) - Italian Prime Minister Matteo Renzi is set to resign on Monday after suffering a crushing defeat in a referendum over constitutional reform, tipping the euro zone's third-largest economy into political turmoil. Renzi's emotional, midnight resignation announcement sent the euro lower and jolted stock and bond markets on concerns that early elections could follow, possibly paving the way for an anti-euro party, the 5-Star Movement, to come to power. Financial markets bounced back later in the morning as European officials played down the prospect of a broader euro zone crisis, but Italy's fragile bank sector had dropped more than 4.7 percent at 1320 GMT.
China says Trump clear about Taiwan, in touch with his team
By Ben Blanchard and Roberta Rampton BEIJING/WASHINGTON (Reuters) - U.S. President-elect Trump is clear about China's position on the Taiwan issue and China has maintained contacts with his team, the foreign ministry said on Monday, as Trump took to Twitter to complain about Chinese economic and military policy. Trump's unusual call with Taiwan President Tsai Ing-wen on Friday prompted a diplomatic protest on Saturday, though U.S. Vice President-elect Mike Pence played down the telephone conversation, saying it was a "courtesy" call, not intended to show a shift in U.S. policy on China.
Abe to become first Japanese PM to visit Pearl Harbor
By Kiyoshi Takenaka TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe will visit Pearl Harbor this month with U.S. President Barack Obama, becoming his country's first leader to travel to the site of the Japanese attack 75 years ago that drew the United States into World War Two. "This will be a visit to console the souls of the victims," Abe told reporters on Monday. "I would like to show to the world the resolve that horrors of war should never be repeated." The Dec. 26-27 visit will come seven months after Obama became the first serving U.S. president to visit the Japanese city of Hiroshima, on which the United States dropped an atomic bomb in the closing days of the war, in 1945.
NYPD seeking to question Matt Barnes (Yahoo Sports)
Police reportedly want to question the Kings forward over allegations he choked one woman and punched two people in a nightclub early Monday morning.
Done Deals: Pearce signing with Jays (Yahoo Sports)
Super-utilityman Steve Pearce reportedly has a new home in Toronto after ageeing to a two-year deal.
Newton explains how he violated dress code (Yahoo Sports)
Cam Newton has had some interesting press conferences, but never any quite like the one he had in Seattle on Sunday night.
Business News Headlines - Yahoo! News
Dow sets record high as bank rally continues
The Dow has been enjoying a record-setting rally, largely led by bank and industrial stocks, which are expected to benefit the most from higher spending on infrastructure and simpler regulations under a Donald Trump administration. Goldman Sachs rose 1.5 percent to $226.50 and provided the biggest boost to the Dow, after HSBC initiated coverage on the investment bank with a "buy" rating and a $250 price target. Investors also appeared to largely shrug off the resignation of Italian Prime Minister Matteo Renzi following a defeat in a referendum for constitutional reforms on Sunday.
Oil tops $55 for first time in 16 months as OPEC deal fuels buying
Brent crude oil rose above $55 a barrel on Monday, trading at a 16-month high, on rising prospects of a tightening market after OPEC agreed a landmark deal to cut production last week. Monday's gains take the rally since the agreement was struck on Wednesday to 19 percent for Brent, the biggest jump in almost eight years, and 16 percent for U.S. crude. West Texas Intermediate (WTI) crude traded up 48 cents, also 1 percent, at $52.16 a barrel.
Trump advisors aim to privatize oil-rich Indian reservations
Native American reservations cover just 2 percent of the United States, but they may contain about a fifth of the nation’s oil and gas, along with vast coal reserves. Now, a group of advisors to President-elect Donald Trump on Native American issues wants to free those resources from what they call a suffocating federal bureaucracy that holds title to 56 million acres of tribal lands, two chairmen of the coalition told Reuters in exclusive interviews. The group proposes to put those lands into private ownership - a politically explosive idea that could upend more than century of policy designed to preserve Indian tribes on U.S.-owned reservations, which are governed by tribal leaders as sovereign nations.
Yahoo News - Latest News & Headlines
Pipeline protesters vow to stay despite victory
Protesters pledged to remain camped on federal land in North Dakota as some worried about a possible decision reversal.
Bob Dylan sends speech for Nobel ceremony
The music icon won't be at the Nobel Prize ceremony, but he has sent a speech to be read aloud.
Japan's Abe to visit Pearl Harbor with Obama
On Dec. 26, Shinzo Abe will become the first Japanese leader to visit the site of the attack that propelled the U.S. into World War II.
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