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Tuesday, June 12, 2007

News You Can Use for Tuesday

China to Restrict Ethanol, Coal Industries China will restrict its ethanol and coal liquidification industries as part of efforts to address environmental pollution and realise sustainable development, state press said Sunday. The Beijing Youth Daily said: China's grain stores should be focused on feeding its 1.3 billion people and crop lands should reserved for food production, not energy production.

See also:
China blocks food for biofuel and China's Choice: Pigs Vs. Fuel (I love that headline)

Dollar Trades Near Two-Month High Against Euro Before Inflation Report The dollar traded near the highest in two months against the euro before U.S. reports this week that will probably signal economic growth is recovering.

Nickel Declines to Three-Month Low in London on Signs of Slowing Demand Nickel fell to the lowest in more three months in London on signs that demand for the metal used in stainless steel probably slowed while supply increased.

India's Industrial Production Grows More Than Expected, May Spur Inflation India's industrial production growth beat expectations in April, suggesting the central bank may need to raise borrowing costs further to contain inflation stoked by consumer demand.

U.S. Treasuries Slide as Investors Abandon Bets Fed to Cut Interest Rates U.S. Treasuries declined for a second day as investors abandoned wagers that the Federal Reserve will cut interest rates this year.

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