IN BRIEF (Page 14)

Repo rates peak

China's central bank offered a higher rate for its 28-day bill repurchases with commercial banks for the first time this year, a reflection of tighter availability of funds. The People's Bank of China said in a statement it sold 80 billion yuan of bills through repurchase arrangements due in 28 days and 91 days in its twice-weekly open-market operations. The interest rate on the 28-day repo rose five basis points to 0.95 percent, the highest this year. The rate has been unchanged at 0.9 percent in 2009.

Brazil to buy China trains