Crude oil prices fall on US data

CRUDE prices have fallen after data showed US manufacturing activity contracted last month, while dealers grow concerned at the lack of progress on a deal to avert the fiscal cliff. Brent North Sea crude for January dropped $1.04 to $US109.88...

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US stocks open mixed amid budget impasse

US stocks have opened mixed, getting a lift from European market gains while US politicians continued to wrangle over a budget plan that would avoid the year-end "fiscal cliff." The Dow Jones Industrial Average rose 12.40 points (0.10 per cent)...

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Police arrest 2 linked to Toulouse gunman

FRENCH police have arrested two people in connection with the attacks by extremist gunman Mohamed Merah, whose shooting spree in and around the southern city of Toulouse left seven people dead. A man described by police as a 38-year-old member...

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Exports, spending cuts to hurt GDP growth

WEAKER exports and government spending cuts are likely to have slowed the pace of economic growth in the September quarter. The median market forecast is for the Australian economy to have grown by 0.6 per cent in the September quarter, according...

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One dead in violent clashes in Bangladesh

PROTESTERS from Bangladesh's largest Islamic party have clashed with security forces in cities across the country in violence that has left one dead, police say. Jamaat-e-Islami called a strike on Tuesday to protest against the arrest and trial...

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West warns Damascus on chemical weapons

WESTERN powers have warned Damascus there will be an immediate reaction to any use of chemical weapons as NATO prepares to approve a Turkish request for missiles to protect its border with Syria. "The possible use of chemical weapons would be...

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Egypt opposition march on palace

OPPONENTS of Islamist President Mohamed Morsi have marched on the presidential palace to protest his power grab and a controversial draft charter, as the country plunged deeper into crisis. Thousands took to the streets waving Egyptian flags,...

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Fire in Chinese clothing factory kills 14

A FIRE in a clothing factory has killed 14 people in southern China, state media reports. The official Xinhua News Agency said one other person was injured in the fire, which broke out in Shantou city in Guangdong province and was put out after...

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