Morning briefing: World Bank offers $900 million aid to Pakistan
1. The World Bank pledged $900 million to aid Pakistan, which is facing a growing humanitarian disaster due to flooding.
2. The Bank of England's governor warned that the country may face inflation for longer than expected.
3. China's central bank said it would expand access for foreign investors to its domestic bond market. The move is part of its efforts to encourage the use of its currency, the yuan, for international transactions.
4. The Bank of Japan said it does not see any immediate threat in the rise of the yen.
Ariana Eunjung Cha
August 17, 2010; 8:21 AM ET
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