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UK, Iceland in contact on Icesave, no new meetings

Icelandic negotiators may return home on Monday from London if no new meetings are called with British officials over the Icesave debt crisis, Icelandic Radio quoted a finance ministry spokesman as saying.

HSBC CEO to give bonus to charity: reports

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Michael Geoghegan, the chief executive of Europe's biggest bank HSBC Holdings , is set to give his bonus to charity, newspapers have reported, following a high-profile row over the sums paid to bankers.
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Myanmar court rejects Suu Kyi appeal

Myanmar's Supreme Court on Friday rejected an appeal by pro-democracy leader Aung San Suu Kyi against her house arrest, a ruling diplomats said would cast further doubt on the legitimacy of this year's election.
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Stocks dip as U.S. GDP fails to cheer

The U.S. stock market is trading slightly down in early Friday trading, showing little enthusiasm over the revised Gross Domestic Product (GDP) report.
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Lloyds sags to loss on hefty bad debts, Irish woes

Lloyds , Britain's largest retail bank, suffered another big loss last year as it took a 24 billion pounds ($37 billion) hit from loans that soured, mostly assets inherited from its controversial takeover of rival HBOS.
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Lloyds shrinks loss in 2009, bad debts soar

Lloyds , Britain's largest retail bank, shrank its losses in 2009, despite a 24 billion pound ($37 billion) hit from loans that soured, mostly assets inherited from last year's takeover of rival HBOS.
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Lloyds posts $9.6 billion 2009 loss, bad debts soar

Lloyds , Britain's largest retail bank, shrank its losses in 2009, despite a 24 billion pounds ($37 billion) hit from loans that soured, mostly assets inherited from rival HBOS, which it bought last year.
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Lloyds posts $9.7 billion 2009 loss, bad debts soar

Lloyds Banking Group , Britain's largest retail bank, posted a 6.3 billion pounds ($9.66 billion) loss in 2009, as the part-nationalised British bank lost 24 billion pounds on loans that soured, mostly from old HBOS assets.
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Stocks shrug off weak U.S. data, euro edges up

Asian stocks rose on Friday as investors tried to shake off weak economic data in the United States and Europe, but lingering caution about riskier assets supported the safe-haven yen.
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Stocks, commodities tepid as risk shunned

The euro languished near one-year lows against the yen on Friday, while commodities and Asian stocks struggled in tepid trade as worries about Greece and the health of the world economy took hold.
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Biologist: Sea World Killer whale was probably 'bored'

A killer whale viciously attacked and killed a trainer at SeaWorld park in Florida on Wednesday, but a marine biologist says the whale probably did it because it was bored as killer whales don't normally kill humans in the wild.
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SeaWorld committed to using whale after third killing

A killer whale viciously attacked and killed a trainer at Sea World park in Orlando, Florida, making it the third time this whale has killed a human in the past decade, yet Sea World has no plans in removing the whale from their show.
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RBS loss shrinks, calls bad debt peak

Royal Bank of Scotland posted the largest 2009 loss of its European peers but shrank from record-breaking levels, despite a sharp jump in bad debts which it says may now have peaked.
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Daily Forecast - 25/2/2010

The Australian Dollar opens marginally higher today at 0.8920. It was a quiet domestic session yesterday with only a 50 point range between 0.8880 and 0.8930.

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