IN BRIEF (Page 13)

PBOC hikes yields

The People's Bank of China allowed three-month bill yields to rise for a second time this year as part of the measures to curb record loan growth and inflation. The central bank sold 90 billion yuan of the securities at 1.4088 percent, four basis points higher than last week's sale. It increased the rate on the bills on Jan 7, after keeping the yield unchanged for five months.

Diesel exports increase