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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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Uber business model faces legal scrutiny in Taiwan, Chinese mega city

TAIPEI/SHANGHAI - Uber Technologies Inc is under fire in Taiwan and the Chinese mainland mega city Chongqing over concerns that it and its drivers are not appropriately licensed, adding to a string of official complaints aimed at the fast-growing U.S. start-up.

5:40am EST

Air China signs deal to purchase 60 Boeing B737 aircraft

BEIJING - Air China Ltd , the country's flag carrier, said Monday it signed an agreement to order 60 Boeing B737 planes for a total price of $5.9 billion.

UK watchdog to probe PwC over Tesco accounting scandal

LONDON - Britain's accounting watchdog, the Financial Reporting Council (FRC), said on Monday it had launched an inquiry into PwC [PWC.UL] over its auditing of Tesco's 2012, 2013 and 2014 accounts.

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

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

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