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FACTBOX: Shale gas stirs energy hopes, environment concerns

The boom in shale natural gas drilling has raised hopes the United States will be able to rely on the cleaner-burning fuel to meet future energy needs, but concerns about its impact on water quality could slow the industry's ability to tap this bountiful resource.

Personal spending and income rise in November

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Consumer spending rose for a second straight month in November as incomes recorded their biggest gain in six months, data showed on Wednesday, boosting hopes of a self-sustaining economic recovery.
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U.S. cracks down on lung-harming ship emissions

U.S. environmental regulators on Tuesday finalized engine and fuel standards for U.S. flagged ships to cut emissions that cause lung diseases and save more than $100 billion in health costs.
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US mortgage applications drop to two-month low

Demand for U.S. home loans fell last week to the lowest level in almost two months even though mortgage rates held steady below 5 percent, the Mortgage Bankers Association said on Wednesday.
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India, China stronger from climate meet - Pachauri

The grouping of China, India, Brazil and South Africa has emerged as a significant force in Copenhagen and they could lead the way in future negotiations, the head of the U.N. climate panel said on Wednesday.
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China trial of leading dissident draws outcry

One of China's most prominent dissidents, Liu Xiaobo, fought subversion charges at a trial on Wednesday that drew an outcry from local activists and foreign governments angered by Beijing's crackdown on political dissent.
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Volvo Cars sale to Geely seen closing in Q2 '10

U.S. carmaker Ford said it expected to close a deal to sell Volvo Cars to China's Zhejiang Geely in the second quarter of 2010, in the latest in a string of deals between Asian and Western carmakers.
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Stock index futures signal extended rally

U.S. stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.25 percent and Nasdaq 100 futures up 0.35 percent.
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Stocks, dollar rise after strong U.S. data

World stocks rose for a third straight session on Wednesday and the dollar set a two-month peak against the yen after upbeat U.S. housing market data fanned expectations for a solid recovery in the U.S. economy.
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Asian shares rise, dollar pressures oil

Indian and Australian shares led Asian stock markets higher on Wednesday, while oil and gold came under pressure as the dollar held firm thanks to optimism about the U.S. economy.
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Asian shares edge up, dollar off highs

Asian shares edged higher on Wednesday led by a spurt in Australian stocks to a three-week high, while the U.S. dollar came off highs as traders digested recent steep gains.
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Rajaratnam objects to scheduling of Galleon cases

Lawyers for Galleon hedge fund founder Raj Rajaratnam objected on Tuesday to the government's request to schedule his criminal trial ahead of a parallel SEC case, saying the move could compromise the defense's case.
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Ford, Geely to detail Volvo progress

Ford Motor Co and China's Geely are set to report progress as soon as Wednesday in talks to sell Ford's Volvo unit to the Chinese automaker, two people with direct knowledge of the matter said.
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Backlash over Copenhagen begins

Just days after countries agreed to a last minute agreement at the UN climate talks in Copenhagen, accusations are beginning to fly over who was responsible for what many consider a poor agreement.
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2010 to be key year in fight against nuclear arms

Next year will be crucial for global nuclear non-proliferation efforts and all eyes will be on the United States and Russia to see if the two top atomic powers can reach a deal to reduce their arsenals.

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