Regions

Syngenta

In wake of China rejections, GMO seed makers limit U.S. launches

China’s barriers to imports of some U.S. genetically modified crops are disrupting seed companies' plans for new product launches and keeping at least one variety out of the U.S. market altogether.

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Igor Sechin

Saudi, Russia pre-OPEC talks yield no oil output cut

Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yielded no agreement on Tuesday on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices.

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World's currencies

OECD sees gradual world recovery, urges ECB to do more

The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the euro zone struggles with stagnation and an increased deflation risk, the OECD said on Tuesday.

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Crude Oil

U.S. government working to renew oil agreement with Israel

The United States is in the midst of renewing its 35-year-old commitment to supply Israel with oil in emergency situations after the pact expired on Tuesday, a U.S. State Department official said.

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Samsung

Samsung Group sells shares in chemical, defense arms for $1.7 billion

South Korea's Samsung Group said on Wednesday it is selling stakes in four chemical and defense firms for 1.9 trillion won($1.72 billion) to Hanwha Group, the latest move in the massive task of restructuring the country's largest conglomerate.

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Coal Production in China

Coal mine accident in northern China kills 24: Xinhua

A coal mine fire in China's northern Liaoning province has killed 24 workers and left 52 injured, the official Xinhua news agency reported on Wednesday, underscoring the poor safety record of the world's biggest coal producing country.

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Crude Oil

U.S. House to hold hearing on oil export ban

A House of Representatives panel will hold a hearing on Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance.

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Hertz

Carl Icahn raises stake in car rental company Hertz

Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent.

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Iron worker Tyler Brown leans on a safety fence to look at the New York skyline

U.S. economy resilient in third quarter as global growth cools

The U.S. economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand.

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Black Friday Sale

Behind Black Friday's giant, cheap TV deals

You might need two carts to walk away with what may be this year's biggest Black Friday bargain (at least by size): a 65" Vizio television at Walmart for $648.

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Ukraine

Crimeans should pay back loans to Ukrainian banks: Russia

Crimeans should pay off their debts to Ukrainian banks despite now living under Russian law, a Russian central bank official was quoted as saying, marking a change in position by Moscow which had suggested ignoring any payment demands.

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U.S. President Barack Obama

In blow to tax negotiators, Obama threatens veto

President Barack Obama pledged on Tuesday to veto a deal still under negotiation in Congress that would make several expiring business tax breaks permanent.

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Financial Markets Tokyo

Asia shares climb on U.S. optimism, oil pressured before OPEC

Asian stocks edged up on Wednesday after data showing the U.S. economy growing at a relatively solid pace calmed investor anxiety over slowing global growth, while the Australian dollar languished near four-year lows against the dollar.

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Hewlett Packard

HP fourth-quarter revenue drops on weak enterprise demand

Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units.

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Currencies: Euro, Dollar, Yen, Pound

Countries engaging in currency wars?

The central banks are finding it difficult to boost growth by increasing domestic demand and hence the need to depend upon foreign demand. The progressive rate cuts and monetary easing measures have led to massive falls in these currencies thereby helping these countries to increase exports.

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