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Global stocks edge higher; China report hits dollar

A Chinese report saying Beijing should increase its holdings of euros and yen in its foreign reserves knocked the already battered dollar on Monday while global stocks sought to recover from last week's weakness.
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EU may force BA, AA to give up air slots

British Airways , American Airlines and Iberia may have to give up take-off and landing slots for their Oneworld trans-atlantic alliance to go ahead, the Financial Times reported on Monday.
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South Korea shifts course on aid to North Korea

South Korea will make a small grant of humanitarian aid to North Korea, ending its suspension of handouts after a series of conciliatory gestures from its destitute rival, an official said on Monday.
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Sony optical drives probed by anti-trust watchdog

Sony Corp said on Monday that its U.S. optical disc drive operations are under investigation for possible violations of anti-trust regulations, and indicated that other regulators could follow suit.
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Earnings, data to determine rally's fate

Stock bulls may hit the pause button again this week if a wave of earnings due from marquee names such as Exxon Mobil and a slew of economic data offer no new incentives to extend Wall Street's seven-month rally.
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Shots fired to disperse Afghan Koran protest

Afghan police fired into the air on Sunday to break up a protest by thousands of people who had gathered in the capital, Kabul, to protest against what they said was the desecration of a copy of the Koran by foreign troops.
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British police pursuing leads in Lockerbie case

Police are following several lines of inquiry into the Lockerbie bombing focusing on possible accomplices of convicted former Libyan agent Abdel Basset al-Megrahi, Scottish authorities said on Sunday.
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Asian leaders seek to reduce Western trade ties

Asia-Pacific leaders called on Sunday for regional-wide free trade and other measures to reduce dependence on the United States and big Western markets as Asia leads the way out of the global economic downturn.
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U.N. experts inspect Iran's new nuclear site

A team from the U.N. nuclear watchdog inspected a nuclear site in Iran on Sunday that has heightened Western fears of a covert program to develop atomic bombs, the semi-official Mehr news agency reported.
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Suicide bombs kill 132 in Baghdad

Two suicide bombs tore through Baghdad on Sunday, killing 132 people, wounding more than 500 and leaving mangled bodies and cars on the streets in one of Iraq's deadliest days this year, police said.
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Bonus season puts heat on JP Morgan Cazenove deal

JPMorgan Cazenove's joint venture owners are keen to decide whether J.P. Morgan should buy out its UK investment banking partner before bonuses are set for staff around the turn of the year, industry sources said.
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Peter Fonda motors on 40 years after Easy Rider

Forty years ago, actor Peter Fonda flew down America's highways on a motorcycle in counterculture classic Easy Rider. So what better way to celebrate the film's anniversary than with a bunch of bikers?
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Hip-hop band the Roots branch out on nightly TV

For the past seven months, Questlove has been on the run. The Roots drummer, whose driver's license reads Ahmir Thompson, wakes up every day between 6 and 7 a.m. to catch an 8 a.m. train from his hometown of Philadelphia and usually doesn't return home until 11 p.m.
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Sony looks for box office hit with This Is It

Heading toward its October 28 release, Michael Jackson movie This Is It looks like a box office winner for Sony's Columbia Pictures movie studio with one estimate saying it could make more than $600 million worldwide in a limited two-week run.
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What is the East Asia Summit all about?

The East Asia Summit, bringing together the 10-member Association of South-East Asian Nations (ASEAN) and six dialogue partners, will be held in the Thai seaside resort of Hua Hin on Sunday.
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Japan pushes for East Asia bloc

Japan's prime minister backed a U.S. role for a proposed EU-style Asian community on Saturday, telling Southeast Asian leaders Tokyo's alliance with Washington was at the heart of its diplomacy.
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Taliban threaten Afghan run-off vote

The Taliban called on Afghans on Saturday to boycott next month's presidential election run-off and vowed to disrupt voting in a repeat of their threat to derail the disputed first round.

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