Central bank boss quits over fake degree

ECUADOR'S central bank president has resigned over revelations he used a bogus university degree to get into a graduate school and study business. Pedro Delgado acknowledged he never completed his economics studies at Ecuador's Catholic University...

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Patriarch 'dismayed' at holy site attacks

THE head of the Roman Catholic church in the Holy Land expressed "dismay" at a wave of attacks on local Christian, Muslim and Jewish religious sites over the past year. In his Christmas message, the Latin patriarch of Jerusalem, Fuad Twal, noted...

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55 dead or missing in boat capsize

FIFTY-FIVE Somalis and Ethiopians have drowned or are missing after their boat capsized off Somalia in the worst such disaster in the area in almost two years, the United Nations says. The UN refugee agency said on Thursday the incident represents...

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Oil prices fall in absence of fiscal deal

GLOBAL oil prices have dipped as Democrats and Republicans remain locked in a stalemate over a deal to resolve the US fiscal cliff, analysts say. New York's main contract, light sweet crude for delivery in February slid 25 cents to $US89.73 a...

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Brazil cuts GDP growth forecast

BRAZIL'S Central Bank has cut its GDP growth forecast for 2012 from 1.6 per cent to one per cent, confirming a marked slowdown in Latin America's biggest economy. In September, the bank had already revised its forecast downward from 2.5 per...

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Chicago struts past Les Miz

THE Broadway musical Chicago is about to swagger into the history books again. The overnight performance of the edgy musical will be its 6681, meaning it becomes the third longest-running show in Broadway history. It snatches that title from...

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Pope Paul VI moves along path to sainthood

THE late Pope Paul VI, who led an era of church reforms and issued a ban on contraception, is progressing along the path to possible sainthood. Pope Benedict XVI has approved a decree recognising the "heroic virtues" of the Italian, who served...

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