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NEW YORK (AP) — U.S. stocks were barely higher in early trading Monday as Wall Street winds down the year in this holiday-shortened week. European shares fell as Greece headed for early elections that could endanger its bailout program.
By Simon Falush LONDON (Reuters) - Brent crude oil rose to around $60 per barrel on Monday, supported by concerns about disruption to output from Libya, but a global supply glut kept prices nearly 50 percent off their peak for the year. Libya is producing a scant 128,000 barrels of oil a day from fields connected to the far eastern port of Hariga, an oil official said, as fighting kept its largest ports, Es Sider and Ras Lanuf, shut. The OPEC member nation has struggled with port blockades and protests, slashing output from the 1. ...
KUALA LUMPUR, Malaysia (AP) — His airline empire began, Tony Fernandes likes to say, with the purchase of a bankrupt company for less than a dollar. Now, after years of growth that made him the king of Asian budget travel, the flamboyant Malaysian businessman is facing the horror of the disappearance of an AirAsia jet with 162 people on board.