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Euro is turning lower today, after some gains earlier. Now, though, the 17-nation currency is falling back as Forex traders try to determine...
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The US dollar gained today as signs of an economic slowdown in China damped risk appetite of investors and made them to return to the safety...
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Vietnam //
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Name: Jin Mei XiEnglish name: Olwen Jin Date of birth: August 21, Place of birth: Shandong Province Yantai City, China Height: 175 cm Weig...
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As you'll recall from yesterday, there was one small detail that stood out in Microsoft's announcement of a new preview program for...
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Chinese Stunning Model Anata Wang Ying
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BEIJING (Reuters) - Chinese Vice Commerce Minister Chen Jian on Sunday played down talk of a shift in the central bank's currency policy as well as mounting expectations of a rise in the yuan's exchange rate. Speculation that China might let the yuan resume its climb after a 16-month pause swirled after a change last Wednesday in the long-standing wording used by the People's Bank of China to describe its currency stance.
137334
China official plays down yuan shift
BEIJING (Reuters) - Chinese Vice Commerce Minister Chen Jian on Sunday played down talk of a shift in the central bank's currency policy as well as mounting expectations of a rise in the yuan's exchange rate.
Speculation that China might let the yuan resume its climb after a 16-month pause swirled after a change last Wednesday in the long-standing wording used by the People's Bank of China to describe its currency stance.
In its third quarter monetary policy report, the central bank failed to refer to keeping the yuan "basically stable at a reasonable and balanced level" when discussing the outlook for the exchange rate.
Asked whether the PBOC was heralding a return to the gradual appreciation of the yuan against the dollar seen from July 2005-July 2008, Chen told Reuters: "I don't think the central bank meant to say that."
Chen, however, said the yuan should reflect movements in major international currencies, which was also part of the PBOC's policy formulation.
China is coming under growing international pressure to let the yuan rise. Its manufacturers have been gaining market share at the expense of rivals in countries whose currencies have risen against the falling dollar, to which the yuan is pegged.
But, speaking on the sidelines of a forum, Chen said his ministry was not worried about rising appreciation expectations.
Turning to China's trade, Chen said there was only a small chance that exports would resume year-on-year growth by the end of 2009.
Many private economists, by contrast, expect positive growth in November or December because of the low base of comparison in 2008. Exports in October were 13.8 percent lower than a year earlier.
Chen also said a leap in China's trade surplus to $24 billion in October from $12.9 billion in September did not constitute a new trend.
(Reporting by Aileen Wang and Alan Wheatley; Editing by Alex Richardson)
(c) Reuters 2009. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
BEIJING (Reuters) - Chinese Vice Commerce Minister Chen Jian on Sunday played down talk of a shift in the central bank's currency policy as well as mounting expectations of a rise in the yuan's exchange rate. Speculation that China might let the yuan resume its climb after a 16-month pause swirled after a change last Wednesday in the long-standing wording used by the People's Bank of China to describe its currency stance.
137334
China official plays down yuan shift
BEIJING (Reuters) - Chinese Vice Commerce Minister Chen Jian on Sunday played down talk of a shift in the central bank's currency policy as well as mounting expectations of a rise in the yuan's exchange rate.
Speculation that China might let the yuan resume its climb after a 16-month pause swirled after a change last Wednesday in the long-standing wording used by the People's Bank of China to describe its currency stance.
In its third quarter monetary policy report, the central bank failed to refer to keeping the yuan "basically stable at a reasonable and balanced level" when discussing the outlook for the exchange rate.
Asked whether the PBOC was heralding a return to the gradual appreciation of the yuan against the dollar seen from July 2005-July 2008, Chen told Reuters: "I don't think the central bank meant to say that."
Chen, however, said the yuan should reflect movements in major international currencies, which was also part of the PBOC's policy formulation.
China is coming under growing international pressure to let the yuan rise. Its manufacturers have been gaining market share at the expense of rivals in countries whose currencies have risen against the falling dollar, to which the yuan is pegged.
But, speaking on the sidelines of a forum, Chen said his ministry was not worried about rising appreciation expectations.
Turning to China's trade, Chen said there was only a small chance that exports would resume year-on-year growth by the end of 2009.
Many private economists, by contrast, expect positive growth in November or December because of the low base of comparison in 2008. Exports in October were 13.8 percent lower than a year earlier.
Chen also said a leap in China's trade surplus to $24 billion in October from $12.9 billion in September did not constitute a new trend.
(Reporting by Aileen Wang and Alan Wheatley; Editing by Alex Richardson)
(c) Reuters 2009. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
The pace of the recovery in the US economy remains sluggish but Mr Strauss-Kahn does not believe there will be a double-dip recession. -- PHOTO: AFPTHE International Monetary Fund's managing director, Dominique Strauss-Kahn, said on Friday the pace of the recovery in the US economy remains sluggish but he does not believe there will be a double-dip recession.
He also said China's economic stimulus is helping to rebalance its economy towards relying more on domestic demand but it still needs to let its currency rise over time.
In October, the IMF raised its US growth outlook to 1.5 per cent in 2010 but Mr Strauss-Kahn said that forecast could be on the pessimistic side.
'Our forecast has that, not only in the United States but also for the rest of the world, 2010 will be a year of recovery,' Mr Strauss-Kahn told a news conference in Singapore where he was attending an Asia Pacific Economic Cooperation (Apec) meeting.
'I must say, in some respects, we had been a little pessimistic because growth has resumed a little earlier than expected, by one quarter or so.'
He said the dollar had remained resilient throughout the global crisis but most Asian currencies were undervalued and reiterated calls for the Chinese yuan to be revalued. 'China's economy in the coming years will be focused on domestic growth and the value of renminbi will have to be increased,' he said. -- THOMSON REUTERS
The pace of the recovery in the US economy remains sluggish but Mr Strauss-Kahn does not believe there will be a double-dip recession. -- PHOTO: AFPTHE International Monetary Fund's managing director, Dominique Strauss-Kahn, said on Friday the pace of the recovery in the US economy remains sluggish but he does not believe there will be a double-dip recession.
He also said China's economic stimulus is helping to rebalance its economy towards relying more on domestic demand but it still needs to let its currency rise over time.
In October, the IMF raised its US growth outlook to 1.5 per cent in 2010 but Mr Strauss-Kahn said that forecast could be on the pessimistic side.
'Our forecast has that, not only in the United States but also for the rest of the world, 2010 will be a year of recovery,' Mr Strauss-Kahn told a news conference in Singapore where he was attending an Asia Pacific Economic Cooperation (Apec) meeting.
'I must say, in some respects, we had been a little pessimistic because growth has resumed a little earlier than expected, by one quarter or so.'
He said the dollar had remained resilient throughout the global crisis but most Asian currencies were undervalued and reiterated calls for the Chinese yuan to be revalued. 'China's economy in the coming years will be focused on domestic growth and the value of renminbi will have to be increased,' he said. -- THOMSON REUTERS
Alcoholic drinks
with a shot of caffeine have become more and more popular on college campuses and also among underage teen drinkers. The Food and Drug Administration (FDA) has not yet okayed caffeine for use in alcoholic drinks nor have they found it to be dangerous.
Some of the businesses targeted are Constellation Brands Inc (STZ.N), which makes the drink Wide Eye, and the North American unit of Diageo plc (DGE.L) (DEO.N), which makes Smirnoff Raw Tea
.
The companies have been given 30 days to show that their drinks are not dangerous to their customers, or the FDA will be obligated to take additional legal action. The beverages have been marketed using social media sites like Twitter, says The New York Times. These drinks have already been approved by the Alcohol and Tobacco Tax and Trade bureau and will provide the beverage companies with a defense against the allegations.
“Under the Federal Food, Drug, and Cosmetic Act, a substance added intentionally to food (such as caffeine in alcoholic beverages) is deemed “unsafe” and is unlawful unless its particular use has been approved by FDA regulation, the substance is subject to a prior sanction, or the substance is Generally Recognized as Safe (GRAS),” says the alert.
College drinkers are the primary demographic for marketing of highly caffeinated drinks like Red Bull. Caffeine has not been approved for use at any level in alcoholic beverages, the FDA noted. Caffeine has been approved for use in soft drinks in concentrations of no greater than 200 parts per million. The market for caffeinated alcoholic drinks is about 1 percent of the total beer industry
The FDA also noted that in the past year, Anheuser-Busch and Miller agreed to stop selling their popular caffeinated alcoholic beverages — Tilt, Bud Extra, and Sparks — and agreed not to produce any caffeinated alcoholic beverages in the future.
Alcoholic drinks
with a shot of caffeine have become more and more popular on college campuses and also among underage teen drinkers. The Food and Drug Administration (FDA) has not yet okayed caffeine for use in alcoholic drinks nor have they found it to be dangerous.
Some of the businesses targeted are Constellation Brands Inc (STZ.N), which makes the drink Wide Eye, and the North American unit of Diageo plc (DGE.L) (DEO.N), which makes Smirnoff Raw Tea
.
The companies have been given 30 days to show that their drinks are not dangerous to their customers, or the FDA will be obligated to take additional legal action. The beverages have been marketed using social media sites like Twitter, says The New York Times. These drinks have already been approved by the Alcohol and Tobacco Tax and Trade bureau and will provide the beverage companies with a defense against the allegations.
“Under the Federal Food, Drug, and Cosmetic Act, a substance added intentionally to food (such as caffeine in alcoholic beverages) is deemed “unsafe” and is unlawful unless its particular use has been approved by FDA regulation, the substance is subject to a prior sanction, or the substance is Generally Recognized as Safe (GRAS),” says the alert.
College drinkers are the primary demographic for marketing of highly caffeinated drinks like Red Bull. Caffeine has not been approved for use at any level in alcoholic beverages, the FDA noted. Caffeine has been approved for use in soft drinks in concentrations of no greater than 200 parts per million. The market for caffeinated alcoholic drinks is about 1 percent of the total beer industry
The FDA also noted that in the past year, Anheuser-Busch and Miller agreed to stop selling their popular caffeinated alcoholic beverages — Tilt, Bud Extra, and Sparks — and agreed not to produce any caffeinated alcoholic beverages in the future.
Reno, NV (AHN) – A medical helicopter crashed early Saturday morning near the California-Nevada border, leaving three dead.
After dropping off a patient in Reno, the Mountain Lifeflight helicopter 3 was on its way back to Susanville when the crash occurred about 2 a.m., the Reno Gazette-Journal reported.
The Federal Aviation Administration reported that the crash and the resulting fire destroyed the helicopter, an Aerospatiale AS350. At the time of the accident, the pilot was not in communication with air traffic controllers.
In a statement, Mountain Lifeflight confirmed that the crewmembers aboard had died.
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