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Americans tried in Pakistan seek release on bail

Pakistani lawyers for five young Americans accused of contacting militants over the Internet and plotting terrorist attacks sought their release on bail on Tuesday, saying the prosecution lacked evidence.

Iraq has top terror risk, Thai danger up: ranking

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Iraq is the country most at risk from terrorist attacks for the second straight year, according to a ranking by global analysts Maplecroft, while Thailand has joined the nine countries most in danger for the first time.
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U.S. official confirms top Taliban commander captured

The Taliban's top military commander, Mullah Abdul Ghani Baradar, has been captured in Pakistan in a joint raid by Pakistani and U.S. spy agencies, a U.S. official said on Monday, confirming a report of the capture in The New York Times.
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Daily Forecast - 16/2/2010

In what was a very lacklustre Asian session yesterday the Aussie dollar traded sideways between 0.8860 and 0.8880 for the majority of the day as local investors searched for inspiration.
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At NY Fashion Week, couture meets mass market

New York Fashion Week, a twice-yearly event that draws thousands of fashion insiders and fans, has a reputation for glamour, exclusivity and luxury yet is increasingly attracting sponsors such as Maybelline that sell modestly priced goods.
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Democratic Senator Bayh will not seek re-election

Democratic Senator Evan Bayh of Indiana will not seek re-election this fall, a Democratic aide said on Monday, potentially adding to President Barack Obama's difficulty in pushing his initiatives through a balky Congress.
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Ford to launch new Mercury small car in 2011

Ford Motor Co will launch a new small car for its Mercury brand in early 2011, based on the automaker's new global compact car platform, Ford President of the Americas Mark Fields said on Sunday.
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Marines face fierce resistance in Afghan assault

U.S. Marines leading one of NATO's biggest offensives against the Taliban in the eight-year war are facing fierce resistance in some areas, including heavy gunfire, snipers and booby traps, U.S. officials said on Monday.
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Euro falls on Greece uncertainty; Ecofin eyed

The euro fell against the dollar on Monday, hovering close to nine-month lows as investors waited to see whether meetings of European finance ministers would result in further support for Greece.
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Bharti eyes Africa in $11 bln bid for Zain assets

Bharti Airtel is in exclusive talks to buy most of Kuwaiti telecom group Zain's African business, the firm's third attempt at gaining a foothold in a continent that offers a last opportunity for major subscriber growth.
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Biden rejects Cheney attacks over terrorism fight

Vice President Joe Biden rejected assertions by Dick Cheney on Sunday that the Obama administration was soft on terrorism and waterboarding should have been an option for the suspect in an attempted Christmas Day airline bombing.
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Bharti confirms $10.7 bln bid for Zain Africa assets

Bharti Airtel is in exclusive talks to buy for $10.7 billion in cash most of Kuwaiti telecom group Zain's African cellular assets, the Indian firm's third attempt at gaining a foothold in a continent that offers a last opportunity for major subscriber growth.
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Euro near lows; Dubai debt fears rise

The euro held near a nine-month low against the dollar on Tuesday, with all signs that euro zone policymakers will focus on making Greece fully implement budget cuts rather than gifting it swift financial aid.
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Bonds edge lower, focus still on Greek support

Euro zone government bonds drifted lower on Monday with attention still on peripheral issuers before a meeting of the bloc's finance ministers following last week's pledge of support for debt-ridden Greece.
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FTSE up 0.8% as banks, commods rally; U.S. closed

Britain's top share index gained 0.8 percent by midday on Monday, as banks and commodities rallied following the previous session's falls and British Airways climbed on hopes of a global alliance.
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Floridians protest offshore oil drilling

Thousands of Floridians demonstrated against moves to allow offshore oil drilling on Saturday along the east and west coasts of the state in a protest dubbed Hands Across the Sand.
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L.A. budget crisis threatens jobs, credit rating

Los Angeles, the second-largest city in the United States, is confronting a mounting budget deficit that threatens to force thousands of job cuts, deplete its fiscal reserve and further damage its credit rating.

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