Al-Jazeera journalist release 'imminent'

CANADA'S foreign minister says the release of Al Jazeera journalist Mohamed Fahmy from a prison in Egypt is "imminent". FAHMY, a dual Egyptian-Canadian citizen, has relinquished his Egyptian citizenship as prerequisite to his deportation, his...

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US home price gains weakened in December

US home values rose at a modest pace in December, a sign there are too few potential buyers to bid up prices. REAL estate data provider CoreLogic says home prices rose 5 per cent in December from 12 months earlier. That is down from the 5.5...

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S&P pay $1.38b in US settlement

STANDARD & Poor's is paying about $US1.38 billion ($A1.77 billion) to settle US government allegations that it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis. THE McGraw Hill Financial subsidiary...

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British man to swim Antarctic in Speedos

BRITISH endurance swimmer Lewis Pugh is embarking on the "most dangerous swims ever undertaken in the world" to call for a vast protected area in Antarctic waters. THE swimmer is taking to the waters of Antarctica's Southern Ocean, braving freezing...

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BP reports quarterly loss of $US4.4bn

BP has sounded a sombre note on the oil industry, saying producers may have to adjust to an extended period of lower prices, as the company reports a fourth-quarter loss of $US4.4 billion ($A5.64 billion). THE London-based oil company followed...

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