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Oil steady under $49, eyes US inventory, jobs data (The Times of India)
SINGAPORE: Oil was steady under $49 on Wednesday, after weak US economic data sparked a bout of profit-taking overnight, outweighing escalating tensions in the Middle East and widening supply cuts from the Russian gas row.
US President-elect foresees quick approval of economic rescue plan (The Jamaica Observer)
WASHINGTON, USA (AP) - President-elect Barack Obama expects the new Democratic-controlled Congress that convened yesterday to quickly approve hundreds of billions of dollars in new spending to tackle the "very sick" US economy.
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