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Bank of China Opens for Renminbi Trade in US New York Times By CHRIS V. NICHOLSON The Bank of China, one of the country's main state-owned lenders, is now allowing American firms to trade in renminbi, another step in China's effort to position the the renminbi on the world stage. ... See all stories on this topic »

Euro Rises Third Day on Speculation Asia Bond Buys to Stem Funding Crisis Bloomberg By Catarina Saraiva - Wed Jan 12 15:34:47 GMT 2011 Jan. 12 (Bloomberg) -- Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., speaks about Europe's financial crisis and banking industry. He talks with Tom Keene and Ken ... See all stories on this topic »

Geithner gauging support for big US tax changes Reuters By Kim Dixon WASHINGTON, Jan 12 (Reuters) - The Obama administration is exploring ways to boost tax incentives for corporate investment in the United States, Treasury Secretary Timothy Geithner said on Wednesday, ahead of his meeting with chief ... See all stories on this topic »

Import Prices in US Rise 1.1% in December, Led by Fuels, Food Bloomberg By Shobhana Chandra - Wed Jan 12 13:43:16 GMT 2011 A gantry crane unloads shipping containers from the cargo ship Independent Pursuit at the Port of Wilmington in Wilmington, North Carolina. Photographer: Jim R. Bounds/Bloomberg The cost of goods ... See all stories on this topic »

Alaska pipeline restarts at low rates to prevent freezing Reuters A mooring station for oil tankers can be seen at the Trans-Alaska Pipeline Marine Terminal in Valdez, Alaska on August 8, 2008. By Joshua Schneyer NEW YORK (Reuters) - In an emergency measure to keep it from freezing, Alaska's largest oil pipeline ... See all stories on this topic » Reuters

Grain Markets to Rally on Bullish US Crop Report CNBC US corn, soybean and wheat futures opened sharply higher on Wednesday as the US Agriculture Department reduced its estimate of US corn and soybean ending stocks more than the trade expected. AP The department, in its monthly report, also reduced its ... See all stories on this topic »

Not useful to discuss upping EFSF volume -Germany Reuters BERLIN Jan 12 (Reuters) - Chancellor Angela Merkel's government does not find it either useful or necessary to discuss whether the European Union should top up its rescue fund for ailing euro zone states, a spokesman said on Wednesday. ... See all stories on this topic »

Australia's floods cut off some Brisbane residents, and water keeps rising Los Angeles Times Thousands in Brisbane have evacuated, and officials urge the stragglers to join them before the river crests Thursday. Rowan Sked paddles in floodwaters in the Brisbane suburb of Rosalie. (Dave Hunt / EPA / January 12, 2011) By Jennifer Bennett Special ... See all stories on this topic » Los Angeles Times

Asian Shares Up After Wall Street's Rise; European Bond Sales Eyed Wall Street Journal By Colin Ng and John Phillips SINGAPORE (Dow Jones)--Asian stock markets were higher on Wednesday, after Wall Street's rise Tuesday, but investors remained cautious ahead of European bond auctions this week. Japan's Nikkei Stock Average was up 0.5%, ... See all stories on this topic »

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