- Jeffrey Corzine, son of ex-N.J. governor, dead at 31
- Australian surfing magazine sorry for calling indigenous surfer ‘apeish’
- Records: Man in Fla. theater shooting also was texting
- The Putin problem: U.S. needs Russian rockets for spy satellites
- Florida cops ticket toddler in toy convertible: report
- Kerry warns of ‘very serious’ response to Crimea-Russia alliance
- Fla. Rep. Alan Grayson’s wife drops restraining order against him
- McDonald’s lawsuits filed over wages ‘stolen’ like Hamburglar steals Big Macs
- HUMPHRIES: Fight like a Democrat – An open letter to Sen. Mitch McConnell
- Florida board member shocks with ‘Heil Hitler’ salute at town meeting
By Emily Miller
Obama is losing the debate on gun ownership, concealed-carry permits
Topic - Tao
Creeping in at the outer edges of the soothsayers' economic crystal balls on Wall Street and London's City, until now dominated by American and European crises, is growing concern about China.
China followed through Monday on its pledge to allow greater flexibility in exchange rates, but said an appreciation in its currency alone could not rebalance world growth as it urged world leaders to carry out more fundamental reforms.
"The official announcement should be interpreted first and foremost as an important signal towards a more flexible exchange rate, rather than a significant revaluation of the Chinese yuan," UBS economist Wang Tao said in a report on the change.