Pena Nieto assumed office in the early seconds yesterday during a brief ceremony with outgoing President Felipe Calderon at Mexico's historic National Palace.

The euro rose on foreign exchange markets on the news and Greece's borrowing costs fell further.

At present, all e-ink readers are black and white devices, including Amazon's Kindle and Hanwang's products.

China pledged earlier this month to increase the flexibility of the yuan. Its daily trading band is now set at 0.5 percent.

Commercial banks have rushed to issue loans amid the looser monetary policy. Lenders tried to front load as much credit as possible to maximize their interest income as they feared the resumption of credit quotas.