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North Korea says U.S. man arrested for illegal entry

North Korea said on Tuesday it had detained a U.S. citizen who entered its territory, apparently confirming a report that an American activist crossed into the state to raise awareness about Pyongyang's human rights abuses.

China, Britain clash over heroin case execution

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British Prime Minister Gordon Brown said he was appalled at China's execution of a Briton caught smuggling heroin on Tuesday, prompting China to denounce British accusations and defend its court system.
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Stock futures point to extended Xmas rally

U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.16 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.15 percent at 4.10 a.m. ET.
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Must do's in Forex Trading

There are a lot of mistakes a newbie trader makes, and these sort of mistakes most definately will cost the trader time and money. It is essential to know about what things you should not be doing in trading and more importantly learn about the tips you should take from professional traders and use them to your advantage in your forex trades.
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Australia leads Asia stocks as commodities gain

Australian shares rose on Tuesday, helped by gains in oil and metals and by merger activity, but stock markets elsewhere in Asia lagged as year-end activity dwindled and the dollar's rally ran out of steam.
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IPOs to test financial, biotech appetite

Two companies filed for initial public offerings on Monday, betting that investors would see opportunity in the battered financial sector and the nascent green technology industry.
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COMEX Gold trades higher at $ 1110.5

Gold futures on Monday traded relatively higher in the global markets. UK markets were shut due to low liquidity. COMEX Gold futures for February delivery are trading up $6.4 at $ 1110.5 per ounce, while MCX February gold futures hit a high of Rs 16910 trading up over Rs 50 at Rs 16878 per 10 grams.
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A rare US nickel coin may sell for $ 3 mn or more

A rare U.S. nickel that was owned over the years by an infamous Egyptian King and a Los Angeles sports team owner, and was the centerpiece in an episode of a popular television series, is expected to sell for $3 million or more in an auction in Orlando, Florida on January 6, 2010. The little coin with the big value is a 1913-dated Liberty Head nickel, one of only five known of that specific date and design.
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Fannie mortgage holdings sink, delinquencies leap

Fannie Mae's gross mortgage portfolio shrank sharply in November while the delinquency rate on single-family loans it guarantees leaped in October, the government-controlled U.S. home funding company said on Monday.
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Air travel hassles worse after scare; shares dip

Frequent flyers grudgingly remove their shoes and keep liquids in tiny bottles to appease airport security, but measures imposed after a foiled Christmas Day terror plot could tempt frustrated travelers to find alternatives to commercial airlines, experts say.
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Obama says U.S. will pursue plane attackers

A wing of al Qaeda claimed responsibility on Monday for a failed Christmas Day attack on a U.S.-bound passenger plane and President Barack Obama vowed to bring every element of U.S. power against those who threaten Americans' safety.
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Healthcare execs will be in demand in 2010

U.S. healthcare industry executives are expected to be the most sought-after in the new year, according to a monthly survey of executive search professionals released on Monday.
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Daily Forecast - 29/12/2009

The Australian Dollar opens above 88 cents this morning as a continued lack of liquidity during the holiday period continues to keep the market subdued.
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Wall St ends at '09 highs on recovery bets

U.S. stocks rose on Monday, sending indexes to fresh closing highs for 2009, as optimism about the economic recovery lifted shares of technology, energy and industrial companies, offsetting a drop in airline shares amid security worries.
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JPMorgan sues ex-private banker for theft

JPMorgan Chase & Co said it has sued a former private banking executive arrested last year in Argentina on criminal charges, accusing him of stealing $2.8 million from a customer's account.

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