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Morning briefing: China warns of damaged economic ties

1.China warned the U.S. Thursday that measures approved by American lawmakers to penalize governments that manipulate exchange rates violate free trade rules.

2. The finance ministers of 16 countries in Europe that use the euro gathered in Brussels to discuss penalties on countries that do not control debt. Inflation rose to 1.8 percent in September to near the European Central Bank's target.

3. Spain's government debt was downgraded by Moody's.

4. German's unemployment rate dipped to 7.2 percent in September from 7.6 the previous month as the economy strengthened.

5. China tightened limits on mortgage lending to try to cool its housing market.

By Ariana Eunjung Cha  | September 30, 2010; 9:15 AM ET
Categories:  *Morning briefing  
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