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U.s. has tightened economic sanctions on iran to force the ayatollah's hand to halt its nuclear program. this morning iran's supreme leader rejected proposals for direct nuclear talks with the united states. there's a concern that the effects of tighter economic sanctions will not have the desired impact despite a drop in oil exports and currency value, "the times" reports say the restrictions already in place have done little to slow economic development in tehran. "the washington post," u.s. senator bob menendez tried to intercede on two occasions for his friend, florida doctor salomon mel...

i'm christine romans along with my friend, carol costello. >> happy day before friday. up first this hour, iraqi officials honoring the service and sacrifice of u.s. and coalition troops as well as their own. special ceremony at camp victory overnight. vice president biden was on hand. the event coming just weeks before american troops complete their withdrawal from iraq. cnn's martin savidge live in baghdad. we were hoping you could attend that ceremony but you could not. >> reporter: good morning to you, carol. you are right. we were told about 12 hours before that ceremony was to ...

The people of china says it will take steps to let its currency trade more freely. it will have a more flexible trade policy. what does that mean for us at home? this has been a bone of contention between the u.s. and china for some time. here are the possible influences on the u.s. i say possible because it depends how they implement this, but this would make anything made in china, in theory, more expensive, which would make anything made in america more affordable. it may lead to higher prices for those things that you buy at walmart and the big discount retailers and all kinds of different...

The people's bank of china said this week it will have a for flexible foreign trade policy. what does this mean at home? here are the possible influences on the u.s., it depends on how they implement this. this would make anything made in china in theory for expensive and could help made in america. it might also lead to higher prices for those things that you buy at wal-mart and the big retailers and all kinds of products. and could eventually lead to higher interest rates is this a savvy move leading up to the g-20 summit? maybe the timing here is interesting to note where china's currency v...

A bacteria sweep through italian olive groves threatening the industry but a solution may be at hand. i mean physical and let's do business the turkish lira surged to after a decision by the central bank to raise the interest rate i'm holding six percent turkey's financial authorities met today in a last ditch effort to cope the leader is dramatic the center or at least slow it the currency value is plunged by more than forty percent against the dollar this year analysts had argued for a drastic interest rate hike to keep prices from further skyrocketing but turkish president richard tie a bet...