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By Barbara Lewis and Bate Felix PARIS (Reuters) - With encouragement from 150 world leaders ringing in their ears, government negotiators in Paris were on Tuesday left to turn the rhetoric into reality and agree on a draft text of a global deal to slow climate change. U.S. President Barack Obama and Chinese President Xi Jinping made common cause on Monday with other countries to stress the urgency of an agreement to slow a rise in global temperatures blamed for spurring floods, heat waves and rising sea levels. The main sticking point is how to come up with the billions of dollars needed to finance the cleaner energy sources that are badly needed if emerging countries are to develop without relying heavily on fossil fuels.
By Rodrigo Campos NEW YORK (Reuters) - The euro recovered from a multi-month low against the U.S. dollar on Tuesday as investors pared bets that the European Central Bank will soon ease policy further, while crude remained under pressure from oversupply concerns. The U.S. manufacturing sector contracted in November to its worst levels since June 2009, while construction spending rose more than expected in October to the highest level since December 2007. The data comes ahead of the expected first hike in U.S. rates since 2006, which most analysts see coming at the Federal Reserve's Dec. 15-16 meeting.