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Morning briefing: Did Japan intervene to weaken yen?

1. Traders said the Bank of Japan intervened to weaken the yen on Friday for the second time in just over a week. But Japanese authorities remained silent.

2. Business confidence in Germany rose unexpectedly to its highest level in over three years in September.

3. Japan's trade minister said China has ordered a halt to rare earth mineral exports to Japan. But China claims there's no official embargo.

3. Gold is heading for its 10th consecutive annual gain, which would be the longest winning streak since at least 1920.

4. Brazil increased its stake in oil giant Petrobras to about 48 percent from 40 percent after a massive stock offering.

By Ariana Eunjung Cha  | September 24, 2010; 9:15 AM ET
Categories:  *Economic agenda, China, International Economics, Trade  
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