10 Jul '11, 12am

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Money Home > Breaking News > Money Inflation in China hits 3-year high 6:00 AM BEIJING - CHINA'S annual inflation accelerated to a three-year high last month, increasing the chances that the central bank would keep raising interest rates to tame price pressures that were spreading beyond food and energy. Saturday's data, which came just three days after China raised interest rates for the third time this year, might prove to be the near-term peak for China's inflation as global commodity prices cool, but most economists were still pencilling in one more rate increase this year. Berlusconi firm fined $975m in bribery appeal 6:48 AM MILAN - A MILAN court ordered Italian Prime Minister Silvio Berlusconi's Fininvest company on Saturday to pay rival media group CIR 560 million euros (S$975.2 million) after it bribed a judge to approve a company takeover. The Milan appeals court...

Full article: http://www.straitstimes.com/Breaking+News/Money/Money_201...

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