20110111 0930 Breaking News.

China's Biggest Lenders Said to Expect About 14% Loan Growth (Source: Bloomberg)
China’s four biggest banks may need to limit loan growth to about 14 percent this year under a new system created by the central bank for managing credit expansion, three people with knowledge of the matter said.

China Currency Reserves Rise to Record $2.85 Trillion (Source: Bloomberg)
China’s foreign-exchange reserves climbed 18.7 percent to a world-record $2.85 trillion at the end of 2010 from a year earlier and domestic lending exceeded the government’s full-year target.

Oil Pares Gains on Speculation U.S. Has Adequate Supply After Pipe Outage (Source: Bloomberg)
Oil gave up earlier gains to trade near $89 a barrel on speculation the closure of an Alaskan crude pipeline will be short-lived and the U.S. has sufficient stockpiles to make up for lost supply.

US : Treasury Two-Year Yields at Month Low on Prospects Fed to Hold on Rates (Source: Bloomberg)
Treasury two-year yields were at the lowest level in a month after Federal Reserve Bank of Atlanta President Dennis Lockhart said the economy faces “headwinds” that will curb growth in 2011.

Asia Exports Cooling Damps Commodity Shipping Outlook (Source: Bloomberg)
Asian exports that helped power the world recovery last year are poised to grow more slowly as the region’s manufacturing rebound eases and U.S. unemployment restrains consumption after a post-recession spending spree.

Three Top Forecasters Favor Dollar as Wells Fargo Sees 5% Gain Versus Euro(Source: Bloomberg)
The world’s most accurate foreign- exchange forecasters say the dollar will be the best currency to own this year as the Federal Reserve’s bond purchases bolster the U.S. economy instead of debasing America’s legal tender.

Portuguese Bond Buyers Set to Demand `Unsustainable Yields': Euro Credit (Source: Bloomberg)
Portuguese yields may be rising to levels that force the nation to follow Greece and Ireland in requesting a bailout from the European Union and the International Monetary Fund to avert default.

Japanese Stocks Fall for First Time in Three Days on Europe Debt Concern (Source: Bloomberg)
Japan’s benchmark stock indexes fell for the first time in three days as concern increased that Europe’s government-debt crisis will worsen.