1. Weekly News: Economic Times

2. China currency must rise to fix imbalances: Soros (9 Oct, 2010, 09.04PM IST,REUTERS) Global currency system "lop-sided" and "controlled" by China. Chronic (trade) surplus in China and big deficit in the United States. Asian giant to allow its currency to appreciate. China has kept its yuan currency undervalued in a managed float to keep its exports competitive. Weak US dollar and relatively strong currencies elsewhere could push nations into a round of currency depreciations to help their exports. China's currency should be allowed to appreciate, but a sudden jump of 20 per cent or more would lead to reduced exports and unemployment in China, reducing consumption there.

3. The return of ‘great power politics’(8 Oct, 2010, 10.18PM IST,REUTERS) The growing power of emerging economies -- particularly China, Russia, India and Brazil -- is redrawing the priorities of foreign and defence ministries, driving financial markets and reshaping the global business environment. Former US Secretary of State Henry Kissinger compared the approach of powers "emerging into confident nationhood" to those of states in the 19th or early 20th centuries. The rise of China in particular is putting international relationships and systems into flux. Chaos may occur but when it does it will sooner or later settle down to some new order. It was essential that statesmen managed this process well to "save humanity from untold suffering".

4. Vodafone buys 2 telecom expense management firms (8 Oct, 2010, 01.06PM IST,AGENCIES) Vodafone is spending $9.7 million to buy two firms specializing in managing telecom expenses. It is buying Australia-based Quickcomm for $6.9 million and US-based based TnT Expense Management for $2.8 million. Quickcomm has offices in the United States , Britain and Singapore, while TnT has offices in Britain, Germany and France.

5. US closely watching Chinese steps on currency: White House(8 Oct, 2010, 12.01PM IST,PTI) The US is closely watching steps taken by China on revaluation of its currency, that is highly undervalued. The Obama Administration believes that China needs to take steps on rectifying its currency value. The House of Representatives recently passed a legislation pressing for retaliatory measures against the currency manipulation by China. Congress bill on Chinese currency was the first concrete action to fight back against China's rigging its currency. China's subsidies, their currency manipulation, all of this is a real threat.