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By Pete Sweeney and Lu Jianxin SHANGHAI (Reuters) - China's central bank loosened its grip on the yuan on Saturday by doubling the daily trading range for the currency, adding teeth to a promise it would allow market forces to play a greater role in the economy and its markets. Analysts said the move was a sign of confidence that the central bank had successfully fought off a plague of currency speculators, and at the same time signaled that regulators believe the economy is stable enough to handle more promised reforms going forward. But as far as Beijing's project to encourage the international usage of the yuan is concerned, there is less consensus, with some warning that more volatility could discourage firms from using the yuan in the short run. The People's Bank of China (PBOC) said the exchange rate will be allowed to rise or fall 2 percent from a daily midpoint rate it sets each morning.
LOS ANGELES (AP) — Officers at thousands of law enforcement agencies are wearing tiny cameras to record their interactions with the public, but in many cases the devices are being rolled out faster than departments are able to create policies to govern their use.