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Tuesday, September 18, 2007

Healthy steel sector continues push for trade restrictions on China

Healthy steel sector continues push for trade restrictions on China
Philadelphia Inquirer - The second bill would allow U.S. companies to ask for duties on Chinese imports to offset the advantage that China allegedly gains from keeping its currency artificially low. Visclosky cited economists who estimate that China keeps the yuan

Dollar falls, hits new low vs. euro
CNBC - The British currency bought $2.0130 in New York trading, up from $1.9939 Monday. The Federal Reserve cut its benchmark interest rate a half-point to 4.75 percent, the first reduction in this key rate in four years. Most dealers had expected a quarter

Best Buy Still Has Spark
Street.Com - says Best Buy's domestic business was slow, but not slower than expected. He says the international business, however, is growing one-third faster than he had predicted, in part because of market share gains in Canada, as well as a favorable currency

P&G Reiterates First-Quarter Guidance
Forbes - Organic sales growth includes revenue from existing products and excludes gains from takeovers, asset sales or currency benefits. The company just announced a 9 percent price increase on its U.S. fabric softener business effective in October, and

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