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Global shares, oil and ruble rally into Christmas period

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.

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Russia's Gazprom says FX revenues sales to help ruble stabilization efforts

MOSCOW - Gazprom , Russia's top gas producer, will stick to President Vladimir Putin's urge to sell foreign currency revenues on the domestic market, the company's deputy CEO Alexander Medvedev told reporters on Monday.

5:38am EST

Obama says Sony hack not an act of war

WASHINGTON - U.S. President Barack Obama moved to prevent U.S. anger at North Korea from spiraling out of control on Sunday by saying the massive hacking of Sony Pictures was not an act of war but instead was cyber-vandalism. | Video

Saudi Arabia says won't cut oil output

ABU DHABI - Saudi Arabia said on Sunday 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.

21 Dec 2014

American Apparel adopts new stockholder rights plan

- Struggling retailer American Apparel Inc said it has adopted a new, one-year stockholder rights plan with a 10 percent trigger.

21 Dec 2014

Mexico competition watchdog signs off on AT&T's Iusacell buy

MEXICO CITY - Mexico's competition regulator on Sunday approved AT&T Inc's $1.7 billion purchase of local cellphone company Iusacell, with unspecified conditions, a statement said.

Tech, Deals 21 Dec 2014

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