Stocks rise after Obama victory

China to allow freer yuan trades
China says its currency can be used to settle trade in Asia, as it steps up efforts to limit damage from the global downturn.

Markets surge on stimulus hopes
Shares in Europe and Asia jump on hopes new economic stimulus plans in the US and elsewhere will boost the global economy.

Obama vows aid for car industry
Barack Obama says he will not allow the car industry to collapse, but says any help will come with strict conditions.

Richardson gets US commerce nod
US President-elect Barack Obama names New Mexico Governor Bill Richardson to be his commerce secretary.

Ex-Fed chief named Obama adviser
Barack Obama names former Federal Reserve chairman Paul Volcker to chair a panel advising him on the economy.