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Britain pledges $1 billion to help Pakistan

Britain will commit 665 million pounds ($1.08 billion) in aid to help Pakistan stabilize its violent border areas and tackle the underlying causes of extremism, Prime Minister Gordon Brown said Friday.

Berlusconi sues local, foreign media for libel

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Italian Prime Minister Silvio Berlusconi is launching legal actions against media in Italy and abroad, including Britain, France and Spain, for libel in their coverage of his private life, his lawyer said on Friday.

Oil up around $73; barrier at $75

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Oil rose above $73 a barrel on Friday, lifted by slightly better than expected GDP and jobs data out of the United States, though traders said it was still rangebound between $70 and $75 for the week.
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Microsoft cuts price of high-end Xbox model

Microsoft Corp is slashing the price of its high-end Xbox 360 model by $100 in the United States and 50 euros ($71) in Europe, upping the stakes in the game console fight this holiday season.
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U.S. stars pushing America to dance to Europe's beat

Electronic dance music with heavy bass, unknown vocalists and mixed by club disc jockeys regularly tops pop charts in Europe but in America such music has been an underground genre with little mainstream success.
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OzForex Daily Commentary - 27/08/2009

Australian Dollar: Yesterdays stronger than expected Australian economic data provided some level of support for the Aussie dollar at 0.8330 during the local session sending it into early European exchange on its highs pressing against 0.8380. Resistance at these levels proved too strong to overcome and the AUD/USD spent the majority of the offshore session drifting lower. Demand for the Greenback against the majors saw the Aussie move closer to 0.8250 and opens this morning at 0.8275. The loca...
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Tatum, Bell, Sutherland fly with

Channing Tatum, Jamie Bell, Donald Sutherland and Mark Strong are sharpening their swords for director Kevin Macdonald's Roman epic
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G20 not expected to cap and tax bank bonuses

G20 finance ministers will discuss next week how to curb excessive bankers' pay but the group of leading nations is not expected to heed a French call to cap and tax bonuses, officials and analysts said.
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Global imbalances to haunt G20 meeting

The immediate crisis may be over but G20 policymakers meeting next week must still find a way to rebalance the global economy if the world is not to be doomed to repeat the past.
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Toyota to cut capacity amid sales slump

Toyota Motor Corp , the world's largest automaker, said it would halt a production line in Japan as it looks to cut excess capacity to return to profitability amid an industrywide sales slump.
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Toyota to cut capacity to match sales: source

Toyota Motor Corp will cut its global production capacity to match lower sales, a company source with direct knowledge of the matter said on Wednesday, with potential annual cuts of at least 700,000 vehicles identified.
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Daily Commentary - 26/08/2009

The Aussie dollar experienced little in the way of volatility during yesterday's local trading day bouncing between 0.8350 and 0.8375 for the majority of the Asian session.
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UK's Lloyds cuts 200 jobs in general insurance

Britain's Lloyds Banking Group (LLOY.L), 43 percent owned by the UK government, will cut 200 jobs in its general insurance division by the end of January in a shake-up of back office functions, the bank said on Tuesday.
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Mrs. Doubtfire to act Susan Boyle?

Actor Robin Williams may portray singer Susan Boyle from Britain's Got Talent in a film about her life and how she became famous around the world.

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