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World () - speculation that sanctions against Iran will curb crude supplies countered concern that Europe’s debt crisis will worsen and slow demand.
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Oil Trades Near Eight-Week High on Concern Iran Supplies May Be Restricted
Third Yearly Gain on Iran Tension, U.S. Economy Speculation
World () - Crude was little changed, heading for a third yearly advance, on speculation escalating tension in the Middle East may disrupt supplies as a recovery in the U.S. economy bolsters demand.
China manufacturing cools further, survey shows
Hong Kong () - HSBC’s survey of Chinese manufacturing firms released Friday showed a further deterioration of conditions in December, with the result coming in weaker than an initial reading released earlier this month.
3D TV gains favor in China, Europe, but not U.S.
World () - Consumer interest in 3D television technology varies widely around the world, according to a new report from NPD DisplaySearch that found the technology has gained greater traction with Chinese consumer than their North American counterparts.
Oil futures on a balancing act in 2012
San Francisco () - Crude-oil futures are seen modestly higher in 2012, with the European sovereign-debt crisis and the reverberations of the Arab Spring the twin concerns most likely to outlive 2011 and keep oil traders holding their breaths well into the new year.
Brazil fines Chevron $5.4m for oil spill
Brazi () - Brazil has fined US oil giant Chevron $5.4m (£3.5m) for breach of its environmental licence when it tackled an oil spill in November.
China manufacturing cools further
Hong Kong () - Chinese manufacturing activity extended its decline in December, as production at factories and the volume of new orders generated eased from the previous month, according to the preliminary reading of an HSBC survey, released Thursday.
Gazprom Said to Stall on RWE Talks as German Power Falters
Russia,Germany () - OAO Gazprom, the world’s biggest natural-gas exporter, is stalling on talks to create a European power-plant venture with RWE AG because of deteriorating profits in Germany, two people familiar with the matter said.
Oil's up, gas is down. Why?
New York () - Those anxiously watching the rally in U.S. oil prices over the past few weeks have received a pleasant surprise at the pump: while oil has shot upward, gasoline is moving in the opposite direction.
5 ideas Wall Street can take from McDonald’s
San Francisco () - In the world of corporate bad guys, McDonald’s Corp. often stands alone.
Saudi Arabia poised to become solar powerhouse
New York () - The United States may be known as the Saudi Arabia of coal thanks to its large deposits. But under an expected investment push, Saudi Arabia could soon become the Saudi Arabia of solar power.
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