Bodies of US pilots found in Kyrgyzstan

Two US pilots are dead and a third crew member is missing after a plane crash in Kyrgyzstan. Source: AAP RESCUERS have recovered the bodies of two US pilots whose refuelling plane crashed in the mountains of Kyrgyzstan shortly after taking...

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Arson-hit South Korean landmark reopens

SOUTH Korea has reopened its landmark Namdaemun gate to the public, five years after the historic jewel in central Seoul was burned down in an arson attack that shocked the nation. The 600-year-old Namdaemun (South Gate), which is listed as "National...

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Aust shares flat amid profit taking

THE Australian sharemarket closed flat as investors reap profits from booming bank stocks and some worries about global growth. The market was up 0.6 per cent for the week despite it posting losses from Wednesday onwards. Despite some profit...

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Macquarie shares up on bumper FY profit

Shares in Macquarie Group soared after the investment bank announced a rise in full year profit. Source: AAP MACQUARIE Group shares have soared to a near three-year high after the financial firm reported a double-digit lift in net profit, boosted...

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New Defence white paper on the way

THE long-awaited Defence White Paper will spell out a fresh vision for Australia's defence and its response to China's rising military power in the Asia-Pacific region. But analysts say the big issue will be funding and how much defence can expect...

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Tokyo shares close 0.76% lower

TOKYO shares have closed 0.76 per cent lower as the yen remained strong, despite a decision by the US central bank to keep its easy money policies in place to bolster the world's biggest economy. The benchmark Nikkei 225 index on Thursday ended...

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Wine research gets $2.4m boost

CHALLENGES faced by the Australian wine industry such as climate change will be the focus of a new research project at the University of Adelaide. The university will receive $2.4 million from the federal government to set up the Training Centre...

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$A slightly down after two-week high

THE Australian dollar is slightly lower after peaking at a two-week high, following the release of weak Chinese and Australian manufacturing data. At 1700 AEST on Wednesday, the local unit was trading at 103.54 US cents, down from 103.58 on...

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Bigger budget deficit doesn't worry IMF

Prime Minister Julia Gillard is set to announce a $12 billion shortfall in tax revenues for 2012/13. Source: AAP THE International Monetary Fund (IMF) isn't overly concerned about Australia's weaker fiscal position, after Prime Minister Julia...

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Cyclone watch issued for far north Qld

A CYCLONE watch has been issued for far north Queensland, on the day that a third of the state was placed under drought declarations. The weather bureau says communities between Thursday Island and Cooktown have been put on alert for gale force...

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