Rescuers reach Chinese epicentre, todays news.

Chinese rescue teams have reached the epicentre of Monday's devastating earthquake, Wenchuan county, where an estimated 60,000 people remain missing.
A few hundred soldiers and police finally made it through late on Tuesday after being hampered by broken roads and bad weather.
They found 500 bodies within a few hours - but have still not searched many devastated areas.
The official death toll is more than 12,000, and looks set to rise sharply.
Thirty Chinese troops in the town of Yingxiu, in Wenchuan, rescued 300 injured residents, state news agency Xinhua said.

But of an estimated population of around 10,000, only 2,000 residents were found alive, a local official said.
"They could hear people under the debris calling for help but no one could, because there were no professional rescue teams," He Biao said. Read full story on this site..


source: bbcnews.co.uk

Todays Forex News..

Data On Consumer Price Inflation Set For Wednesday
It was a mixed session on Wall Street, with the Dow closing down around 44 points, but the Nasdaq closing up nearly 7 points. A slew of Federal Reserve officials spoke Tuesday, noting some improvements in financial markets but warning that it may be a while before normal functioning is restored. Wednesday, additional Federal Reserve officials will speak, and investors will be given access to data on consumer price inflation.

Crude Oil Adds To Record High
Oil soared again on Tuesday and added to its record high. Light sweet crude moved to $125.80, up $1.57 on the session. Oil moved as high as $126.98 at around 11:35 a.m. ET, a fresh record intraday high. In intraday trading, crude had touched as low as $123.10.

Dollar Gains On Euro and Sterling As Retail Sales Rise Ex-Auto
The dollar extended its multi-month highs against the sterling and firmed up a bit versus the euro as traders weighed a slew of economic data and speeched from Fed officials.


source: RTTNews.com