Your daily briefing on the day’s news from the FT and elsewhere  

New leftist president sticks to surplus target and emphasises moderation in spending

Deal on rulebook for tackling global warming hailed as ‘victory for multilateralism’

Japanese carmaker’s indictment ‘creates significant risks’, says French partner’s chairman

Banks’ earnings hit by worries about China growth, trade wars and Brexit

Investors led by New York state and Church of England demand tougher climate action

Your FT guide to this week’s big events

Gulf state seeks to bolster global standing in defiance of regional embargo

Your weekly briefing on the UK economy

Texas ruling that Obamacare is unconstitutional poses dilemma for both parties

December on course to be first month without junk bond sale since Lehman crash

Investors and lenders grow wary of industry rocked by Carillion’s collapse

Russian-born heiress on cusp of taking full control of agriculture trader

Chocolatier joins caffeine craze in ambitious bid to increase revenues fivefold

Challenges need to be tackled together, says ECB head to mark 20 years of single currency

Brexit uncertainty sees Netherlands record highest deal value in past year

Liam Fox is first Brexiter minister to call for free indicative vote in parliament

British industrialist’s deal spree continues with a bid for steel trading company

Investors turn negative in spite of bullish Christmas sales forecasts 

Pharma group explores routes to finance ‘curative’ treatments for once-fatal diseases