China official plays down yuan shift

BEIJING (Reuters) - Chinese Vice Commerce Minister Chen Jian on Sunday played down talk of a shift in the central bank's currency policy as well as mounting expectations of a rise in the yuan's exchange rate. Speculation that China might let the yuan resume its climb after a 16-month pause swirled after a change last Wednesday in the long-standing wording used by the People's Bank of China to describe its currency stance.137334China...

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No double-dip US recession

The pace of the recovery in the US economy remains sluggish but Mr Strauss-Kahn does not believe there will be a double-dip recession. -- PHOTO: AFPTHE International Monetary Fund's managing director, Dominique Strauss-Kahn, said on Friday the pace of the recovery in the US economy remains sluggish but he does not believe there will be a double-dip recession.He also said China's economic stimulus is helping to rebalance its economy...

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FDA to ban caffeine in alcoholic beverages

Alcoholic drinkswith a shot of caffeine have become more and more popular on college campuses and also among underage teen drinkers. The Food and Drug Administration (FDA) has not yet okayed caffeine for use in alcoholic drinks nor have they found it to be dangerous.Some of the businesses targeted are Constellation Brands Inc (STZ.N), which makes the drink Wide Eye, and the North American unit of Diageo plc (DGE.L) (DEO.N), which...

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Helicopter Crash Leaves Three Dead Near Reno

Reno, NV (AHN) – A medical helicopter crashed early Saturday morning near the California-Nevada border, leaving three dead.After dropping off a patient in Reno, the Mountain Lifeflight helicopter 3 was on its way back to Susanville when the crash occurred about 2 a.m., the Reno Gazette-Journal reported.The Federal Aviation Administration reported that the crash and the resulting fire destroyed the helicopter, an Aerospatiale AS350....

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Nasa's LCROSS mission proves once and for all there is water on the Moon

A new chapter in space exploration has been opened up after Nasa confirmed that their mission to bomb the Moon had found "significant quantities" of frozen water. Scientists said the "exciting" findings had gone "beyond expectations" as fully formed ice was found in a crater on the planet.They said that the ice – thought to be in granules mixed with grains of Moon dust – heralded a major leap forward in space exploration and boosted...

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Apple outflanks Psystar in crushing legal victory

Apple has finally managed to outflank Psystar after fighting a bloody and protracted legal battle against the infamous Mac clone manufacturer.Victory came in the form of a ruling by US (Northern California) District Judge William Alsup, who determined that Psystar had infringed Apple's "exclusive right" to create derivative works of Mac OS X by replacing original files with unauthorized software.altAccording to Alsup, Psystar...

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Painted ladies fly to ISS

In a project known as Butterflies in Space, the Atlantis space shuttle will next week carry a butterfly habitat containing monarch and painted lady adults and larvae to the International Space Station.Painted ladies fly to International Space StationThe idea is that thousands of schoolkids across the US will be able to study the effects of space travel on the little astronauts, comparing them with examples reared in their own...

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Record Highs Far Outpace Record Lows Across U.S.

The ratio of record daily highs to lows from 1950-2009 at 1,800 U.S. weather stations. Courtesy of NCARSpurred by a warming climate, daily record high temperatures occurred twice as often as record lows over the last decade across the continental United States, new research shows. The ratio of record highs to lows is likely to increase dramatically in coming decades if emissions of greenhouse gases continue to climb.Results of...

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To Play With Giants, App Devs Risk Getting Squashed

Hot-selling mobile apps have earned some independent programmers hundreds of thousands of dollars. But one of the greatest risks of developing apps for a platform controlled by a large corporation, such as Google or Apple, is that you can easily get crushed.Take for example Mike Jacobs, a developer of software startup Hello, Chair. For nine months, his team of three has been working on an iPhone app called Appsaurus, which makes...

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Obama under fire on trade as Asia-Pacific leaders meet

US President Barack Obama, left, shakes hands with Singapore's Prime Minister Lee Hsien Loong before the gala dinner for APEC leaders in Singapore. Photo: APUS President Barack Obama has come under fire from Asia-Pacific leaders for backsliding on free trade at a regional summit devoted to driving the world economy out of crisis."President Obama is facing severe political constraints that run counter to free trade," Mexican President...

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China bank regulator: US dollar's decline adding risk

Liu Mingkang, chairman of the China Banking Regulatory Commission(AFP) – BEIJING — China's chief banking regulator warned Sunday that persistently low US interest rates and a declining dollar were seriously affecting asset prices and threatening the global economic recovery.China Banking Regulatory Commission Chairman Liu Mingkang told a finance forum in Beijing that Washington's promise to keep interest rates low for an extended...

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Broadcast pioneer NBC prepares for cable takeover

By DAVID BAUDER (AP)FILE - In this Oct. 11, 1976 file photo, NBC's "Today" show host Tom Brokaw and newswoman Jane Pauley share a moment prior to Pauley's first appearance on the network morning news program. Eight decades after pioneering the concept of broadcasting, NBC is on the verge of a startling move that illustrates broadcast television's decline. (AP Photo/File)NEW YORK — Eight decades after pioneering the concept of...

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