US hardens stance on Chinese currency

The Obama administration said on Thursday that it had “serious concerns” about the value of the renminbi, but stopped short of accusing China of manipulating its currency in a closely watched report to Congress. The Treasury toughened its language on China in its semi-annual report on exchange rate policies

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Venezuela to export gasoline to Iran

Venezuela will begin exporting 20,000 gallons of gasoline to Iran next month as the nations strengthen bilateral cooperation, Iranian state media reported. Iranian President Mahmoud Ahmadinejad and his Venezuelan counterpart Hugo Chavez announced the agreement on Sunday

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