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  • NEW YORK, Nov 20- Oil prices tumbled more than 6 percent on Tuesday in heavy trading volume, with U.S. crude diving to its lowest level in more than a year, caught in a broader Wall Street selloff fed by mounting concerns about slowing global economic growth. West Texas Intermediate crude futures ended the session down $3.77, or 6.6 percent, at $53.43 per barrel.

  • OTTAWA/ TORONTO, Nov 20- The Bank of Canada will review its monetary policies and is open to changes such as dropping decades-old inflation targeting, a top official said on Tuesday, although some economists were skeptical about the central bank's ability to make major policy shifts. "It is time to conduct a thorough review of the alternatives," she said in a lecture...

  • *Shares of U.S. retailers tumble on weak earnings, outlooks Oil plunges on global economic worries. NEW YORK, Nov 20- World equity markets and oil prices tumbled on Tuesday as worries over economic growth prospects prompted investors to retreat to safe-haven currencies and U.S. "Despite what has been a pretty good earnings season, people are looking ahead to next...

  • NEW YORK, Nov 20- Jeffrey Gundlach, who runs DoubleLine Capital, said on Tuesday that investors should focus on capital preservation and avoid corporate bonds and Treasuries as inflationary pressures intensify. Gundlach said investors have not shown an appetite for Treasuries, even as the U.S. stock market has plunged. Gundlach, who oversees more than $123...

  • NEW YORK, Nov 20- The dollar rallied on Tuesday, making the largest daily percentage gain in two weeks, as a sell-off in world stock markets spurred safe-haven bids and investors worried about slowing global growth. "The rout in the stock market has hit extra hard and the dollar is gaining on a safe-haven bid at the moment," said John Doyle, director of markets, at Tempus...

  • The report by Auditor General Michael Ferguson is another blow to a decade-long, trouble-plagued attempt by successive administrations to replace Canada's CF-18 jets, some of which have been flying for almost 40 years. "National Defence has not done enough to manage risks related to Canada's fighter aircraft fleet... until a replacement fleet is in place," said...

  • PARIS, Nov 20- French carmaker Renault's board named an interim chairman and handed new powers to its chief operating officer to replace embattled boss Carlos Ghosn following his arrest in Japan on suspicion of financial misconduct, sources said. Philippe Lagayette, the board's highest-ranked independent director, will take over temporarily as chairman,...

  • WASHINGTON, Nov 20- The U.S. banking sector reported $62 billion in profits in the third quarter, up 29.3 percent from the same period a year ago, according to quarterly data from the Federal Deposit Insurance Corporation. The regulator said in a statement that profits were boosted by a lower effective tax rate and higher operating revenues.

  • RENAULT BOARD HAS NOT TERMINATED CHAIRMAN AND CEO CARLOS GHOSN- SOURCES.

  • RENAULT BOARD GIVES COO THIERRY BOLLORE COMPANY OFFICER STATUS- SOURCES.

  • RENAULT BOARD NAMES INDEPENDENT DIRECTOR PHILIPPE LAGAYETTE AS ACTING CHAIRMAN- SOURCES.

  • HOUSTON, Nov 20- Crude flowing from North Dakota's Bakken shale is taking a larger share of the U.S. Gulf Coast market, siphoning demand from refiners and exporters for local grades, traders and brokers said. Bakken crude at Beaumont and Nederland, Texas, traded around a $2 per barrel discount to Light Louisiana Sweet on Tuesday, a spread that has made Bakken crude...

  • *Weak results from Target, Kohl's pressure retail stocks. NEW YORK, Nov 20- U.S. stocks extended their recent selloff on Tuesday, with the S&P 500 hitting a three-week low, as energy shares dropped with oil prices and retailers including Target and Kohl's sank after weak earnings and forecasts. "Despite what has been a pretty good earnings season, people are looking...

  • MONTREAL, Nov 20- Canada's Bombardier Inc is the front-runner to win a New Jersey Transit rail car contract, two sources familiar with the matter said, in a boost for the plane-and-train-maker's North American business which has wrestled with delivery delays and has lost orders to rivals. Bombardier Transportation spokesman Eric Prud' Homme declined by email...

  • NASA'S SAFETY REVIEW OF SPACEX PROMPTED BY THE RECENT BEHAVIOR OF SPACEXS FOUNDER, ELON MUSK- WASHINGTON POST, CITING SOURCES.

  • PARIS/ BERLIN, Nov 20- France and Germany have reached an agreement on the next steps in a joint program to design a next-generation combat jet, French Defence Minister Florence Parly said on Tuesday. The jet, due to go into service in 2040, is expected to replace the Rafale, built by France's Dassault Aviation, and Germany's Eurofighters, made by a European...

  • PARIS/ BERLIN, Nov 20- France and Germany have reached an agreement on the next steps in a joint programme to design a next-generation combat jet, French Defence Minister Florence Parly said on Tuesday. The jet, due to go into service in 2040, is expected to replace the Rafale, built by France's Dassault Aviation, and Germany's Eurofighters, made by a European...

  • NEW YORK, Nov 20- Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader Wall Street selloff that was fed by rising concerns about slowing global economic growth. West Texas Intermediate crude futures were down $3.90, or 6.8 percent, at $53.30 per barrel by 2:01 p.m. EST.

  • NASA TO LAUNCH SAFETY REVIEW OF SPACEX AND BOEING- WASHINGTON POST.

  • Nov 20- TJX Cos Inc's holiday-quarter earnings forecast fell largely below analysts' estimates on Tuesday, as the off-price retailer faces rising freight and labor costs, sending its shares down as much as 7 percent. "Unfortunately, the environment is not playing into our plans to have us picking up next year on our," Chief Executive Officer Ernie Herrman said on a...