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Monday, January 07, 2008

News You Can Use for Monday

Agriculture Prices May Rise For Another Three Years, Commerzbank Says Agriculture prices may rise for another two or three years, with raw sugar jumping 20 percent this year because of demand for the sweetener to make ethanol, according to Commerzbank AG.

Yuan Rises to Highest Since End of 2005 Peg as China Seeks to Cool Economy China's yuan rose to the highest since its peg to the dollar was ended in 2005 on speculation the central bank will allow faster gains to cool the economy.

India Investment Booms With Third Consecutive Year of 9% GDP Growth in '08 Gordon Brown's plane will have barely departed New Delhi's Indira Gandhi International Airport this month before Nicolas Sarkozy's arrives with another contingent of executives seeking opportunities in India's rapidly opening markets.

Brazil's Industrial Production Expanded 6.7% in November From Year Earlier Brazil's industrial output rose 6.7 percent in November from the year-ago month, the national statistics agency said.

Oil $200 Options Increase 10-Fold in Cheapest Bet on Higher Crude Prices The fastest-growing bet in the oil market these days is that the price of crude will double to $200 a barrel by the end of the year.

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