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View all search resultsAbu Sayyaf pocketed at least 353 million pesos (US$7.3 million) from ransom kidnappings in the first six months of the year and have turned to abductions of foreign tugboat crewmen as military offensives restricted the militants' mobility, a confidential Philippine government report said.
President Barack Obama vigorously denied on Thursday that a US$400 million cash payment to Iran was ransom to secure the release of four Americans jailed in Tehran. He defended the transaction as evidence that the nuclear accord with Iran has allowed for progress on other matters.
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