Account to go deeper of capital reform - the country's foreign exchange regulator said yesterday.in China's inter-bank bond market.Five overseas firms with a total quota of 29.2 billion yuan at the end of 2010 are allowed to invest China will deepen reform of its capital account and encourage more yuan cross-border transactions.

The state administration of foreign exchange in 2011, the center said in a statement yesterday on its Web site, including enhanced monitoring and analysis of the elements of cross-border capital and reduction of speculative "hot money". SAFE main message is that it will open the bill to reduce restrictions on capital flows, and the law of suppression of speculative capital, the company is legitimate.

China's current account or trade, is fully convertible. But the capital account or investment, but not completely open.

gradual reform of China and the stability of the capital account is the most important thing is the appreciation of RMB on the global currency in the long term, analysts said.

It is also necessary to open the capital account, because the yuan is the rapid expansion of border trade between the total liquidation of the program to 506.3 billion yuan (76.7 billion U.S. dollars) in 2010. Yuan for the accumulation of foreign countries in China by a legitimate program. Since last year, companies participating in the scheme of more than 67,000 in 20 provinces and municipalities.

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Pay nearly $10.4M in FDIC Cabela's settlement - Approved retailers pay high Cabela about $ 10,400,000 and practices of credit card reform as part of an agreement with federal regulators.

Federal Deposit Insurance Corporation announced an agreement in the unity of the most important in the Western world Cabela Tuesday. Cabela will pay 1.01 million compensation and a fine of $ 250,000. But the company is headquartered in Sidney, Nebraska, do not accept injustice.

More than 800 million agreement last month, officials estimate Cabela, but still lower than the initial estimate of liabilities of $ 18,000,000.

Cabela agreed to remove illegally charged some customers delay payments, exceeding your credit limit. It will change and the way to solve the penalty interest rates, methods of collection and notify clients.

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Sale of Military Technology to China, N.J. Man Arrested -The man was arrested in New Jersey alleged misappropriation of sensitive military technology export to China, federal agents on Tuesday.

He accused the four Liu, who is 47 years), the Chinese permanent residents born in the U.S. defense exports and related technical data without a license.

According to the criminal complaint, Mr. Liu, who is a well known name "Steve" and live with the latest in Flanders, New Jersey, and worked in an IT company based in New Jersey, in 2009 three months to November 2010 as chief engineer of the staff. The company, an indictment of the company did not specify, contract, precision navigation device, and other parts of the U.S. Department of Defense.

12 November last year, led by Mr. Liu to come to China when he returned 17 days in the U.S., customs agents, border protection, and found him to be charged with computer investigators later found hundreds of documents relating with the company's management of national defense projects, the complaints of the United States. The complaint alleged that the criminal Mr. Liu also inform the Technical Meeting held in Shanghai. Liu said his company never planned to travel in violation of safety rules of the company. The complaint alleged that the information Mr. Liu, in his sensitive data on a computer without an export license for war.

Mr. Liu was arrested at his home in Deerfield, Illinois, Tuesday. And wait for the federal court in Chicago on Tuesday the indictment.

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Indonesian Music Day congratulations: a lot of music in Indonesia is currently an increasingly crowded among celebrities, Election March 9, is based on the appreciation of the Wage Rudolf Supratman, the Indonesia Raya kebanggsaan songwriter who was born on March 9, 1903 in Hamlet Trembelang, Somongari Village, District Kaligesing, Purworejo District .

Today this music proposed by the Union of Artists, singers, musicians and Playground Music Indonesia (PAPPRI) in 2003 and approved by the House of Representatives because it is a tribute to the professionalism musicians in Indonesia. Then inaugurated by President Megawati Soekarno Putri, and since then that every March 9, is always celebrated as National Music Day.

In Indonesia alone, the development of music is now so rapidly. New genres are emerging in this country, although still dominated by Malay music.

Observer Music Bens Leo also commented seputaran Music Day. According to Day, the development of Indonesia's music was quite interesting, although not supported by good physical sales.

"Very good today, we'll see broadcast in the morning music show was a lot of new bands appear that we do not know who. But good on the day this is Agnes Monica, because she dared gambling included in selling CD album, "said Bens.

He explained all this time worrying about piracy musicians and they prefer to launch a single road and RBT. According to this senior music analyst, physical sales should be increased because that's where the work will be assessed.

"Piracy is hard to be traced, and Agnes including dared to sell his CDs. Another example is Andien who dare to sell the CD album with a price of Rp90 thousand. It could be to avoid piracy, "he explained.

He is also no dispute about malay music that hit the country. 'Nah problem, as long as Indonesia does not become just wither. ST12 and the Trust is good, they are original but the problem is that so many went along with them and that makes it ugly, "

Bens admitted if the fate of Indonesia's music towards a good direction because now many Indonesian musicians who collaborate with foreign musicians. "That could indicate the quality of our music," he added.

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