WASHINGTON - President Obama moved to prevent U.S. anger at North Korea from spiraling out of control by saying the massive hacking of Sony Pictures was cyber-vandalism. not an act of war. Full Article
LONDON - World share markets extended their 'Santa rally' into a fourth day on Monday, as a recovery in beaten-down oil prices and the ruble and more calls for quantitative easing from the ECB helped lift sentiment.
ABU DHABI - Saudi Arabia said it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years. Full Article