Morning briefing: Romanian PM ousts economic team
A wheat field in Afghanistan. Food prices around the world are at a two-year high prompting governments to take action.
(Photo Credit: Shah MaraiI/AFP/Getty Images)
1. Romanian Prime Minister Emil Boc ousted his finance and economy ministers in a government reshuffle aimed at appeasing public discontent as the country continues to work though an IMF-led bailout deal.
2. Retail sales volumes in the euro zone saw an unexpected rise in July. They were up 0.1 percent after a revised 0.2 percent gain in June.
3. Japanese monetary authorities appeared ready to take measures to curb a rapid surge in the yen following a gradual gain over the past months, according to news reports. Current levels of around 85 yen to the dollar are "abnormal," a senior trade ministry official said.
4. China ordered an increase in vegetable production to cool surging food prices.
Ariana Eunjung Cha
September 3, 2010; 5:58 AM ET
Categories: *Morning briefing
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