UNITED STATES

South Korea, Japan press North Korea to return to talks

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The leaders of South Korea and Japan called on Friday for a new approach to force North Korea to give up atomic arms as Pyongyang planned to send an envoy to the United States, a trip which could revive dormant nuclear talks.

Wynn Macau rises 9 pct in Hong Kong debut

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Shares of Wynn Macau, the Asia unit of U.S. casino giant Wynn Resorts, rose 9 percent in their trading debut, defying expectations, as Hong Kong feted its first IPO of a top global brand in years.
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Blast in Pakistan's Peshawar kills 49

A suspected suicide car-bomber killed 49 people on Friday in the Pakistani city of Peshawar in an attack that the government said underscored the need for an all-out offensive against the Pakistani Taliban.
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Global fin firms eye India back office sales

Global financial firms, emerging from the worst economic crisis since the Great Depression, are looking to shed India back office operations as they focus on core operations and cost cuts.
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Dollar rises after Bernanke; Canadian dollar jumps

The dollar rose from a 14-month low against a basket of currencies on Friday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank will be ready to tighten monetary policy as a recovery takes hold.
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Prosecution of UBS informant seen backfiring on U.S.

The key informant in the U.S. tax evasion case against Swiss bank UBS AG faces prison next year, but his harsher-than-expected treatment by the U.S. Justice Department will undermine efforts to expose secretive offshore tax havens, lawyers and whistle-blower advocates say.
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Stocks set to slip at open

Stocks headed for a lower open on Friday as a pullback in commodity prices weighed on natural resource shares after the U.S. dollar rebounded.
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Oil falls towards $71 on dollar recovery

Oil fell toward $71 a barrel on Friday, trimming a 3 percent gain in the previous session, as a bounce in the dollar outweighed a more positive demand outlook from the International Energy Agency.
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Anti-foreclosure programs are not enough: watchdog

Government programs to fight the U.S. home foreclosure crisis look increasingly inadequate and should be reworked, expanded and supplemented with new ideas, a congressional watchdog said in a report on Friday.
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British hacker loses U.S. extradition case

A British UFO eccentric, wanted in the United States for breaking into NASA and Pentagon computers in the biggest military hack of all time, lost his latest battle to avoid extradition on Friday.
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Obama Wins 2009 Nobel Peace Prize

U.S. President Barack Obama has been awarded the 2009 Nobel Peace Prize “for his extraordinary efforts to strengthen international diplomacy and cooperation between peoples,” the Norwegian Nobel Committee said on Friday.
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U.S. judge backs Philadelphia newspaper creditors

Lenders trying to seize control of the parent company of two bankrupt Philadelphia newspapers won a judge's approval to use money owed to them as part of their bid, a move that could deliver the papers to their hands.
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Futures flat as dollar's bounce weighs

Stock index futures were little changed on Friday as a retreat in commodity prices weighed on natural resource shares after the U.S. dollar rebounded.

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