CHINA

U.S. Oil Soars to 12-Week High as Brent Spread Deflates

Traders work in the crude oil and natural gas options pit on the floor of the New York Mercantile Exchange
U.S. oil prices shot to a 12-week high on Tuesday in a second day of frenetic spread trading, with dealers racing to claw back a record discount versus Europe's Brent as they gave in to evidence of tightening supplies.
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Steve Jobs and Apple skewered on New York stage

In a sold-out theater in downtown Manhattan, two miles from the square where anti-Wall Street demonstrators daily use iPhones, iPads and other devices to mobilize their forces, a performance artist named Mike Daisey is mounting a subversive attack on Apple Inc.
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Intel Seeks Industry Effort to Lower Ultrabook Prices

Intel Corp is comfortable with its chip pricing now and is working with suppliers and manufacturers to lower the cost of its new ultrabook slim PCs, a product it sees as key to reviving the traditional computer in the face of the tablet challenge.
India's Central Bank Governor Duvvuri Subbarao speaks at the BRICs finance ministers' news conference in Washington

India Central Bank Raises Rates

India's central bank raised interest rates on Tuesday for the 13th time since early 2010 but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
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Thai Floods Threaten Asian PC Makers' Holiday Sales

Asia's PC makers, already grappling with the prospect of subdued year-end holiday season consumer demand, are faced with a likely further slowdown in the lunar new year sales season as Thailand's floods cut the supply of hard disk drives.
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China Mobile says has 10 million iPhone users

China Mobile <0941.HK>, the world's largest mobile carrier by subscribers, has 10 million iPhone users even though it does not yet have an agreement with iPhone maker Apple , its chairman told Reuters on Monday.
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Caterpillar quarterly earnings jump 44 percent

Caterpillar Inc far exceeded analyst expectations on Monday, reporting a 44 percent quarterly earnings increase due to record revenue, and the company signaled optimism in its 2012 outlook.
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Caterpillar profit jumps amid slower economy

Caterpillar Inc far exceeded analyst expectations on Monday, reporting a 44 percent quarterly earnings increase due to record revenue, and the company signaled optimism in its 2012 outlook.
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S.Africa's stocks close at near 3-month high

South African stocks closed at their highest level in nearly three months as demand for resources firms rose with hope that European Union leaders will agree on a solution to their region's debt woes later this week.
Grain being harvested.

U.S. Grain, Soybean Futures up on Euro-Zone Hopes, China Data

U.S. grain and soybean futures rose over 1 percent on Monday in a broad commodities rally as investors bet that European leaders would reach a deal to tackle a euro-zone debt crisis and took heart from an improved manufacturing indicator in China.
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German Right See Battling Merkel Prevailing on Euro

Angela Merkel's supporters praised her for getting France to drop demands to use the European Central Bank to leverage euro crisis funds, but looked like making a meal out of the German parliament's new right to be consulted on how these are used.
Caterpillar, one of the many U.S. corporations to report stellar earnings recently

Caterpillar Remains Cautious as Earnings Soar

Caterpillar Inc far exceeded analyst expectations on Monday, reporting a 44 percent quarterly earnings increase due to record revenue, and the company signaled tempered optimism in its 2012 outlook.
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'Magic Tree House' Film Premieres in Japan

The Magic Tree House books have whisked millions of readers on adventures to everywhere from ancient Egypt to feudal Japan. Now, the children's time-travel series is embarking on a new destination: the movie theater.
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Brent, U.S. Oil up on China PMI Data, EU Optimism

Brent crude oil rose above $110 a barrel on Monday after stronger Chinese manufacturing data suggested China's economy may not be in as much danger as feared, supporting fuel consumption and outweighing fears over weak European data.

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