Business Online - бізнес-новини України

Frankfurt () - The Swiss National Bank was pulled into Europe’s sovereign debt crisis Wednesday, cutting its key lending rate to zero and taking other steps short of outright intervention in the foreign-exchange market to halt the Swiss franc’s rise to record levels versus the beleaguered euro.

Japan (bloomberg.com) - The yen’s biggest monthly advance since 2008 is threatening profits of exporters from Nissan Motor Co. to Sony Corp., endangering the nation’s rebound from March’s record earthquake.

USA () - A nail-biting vote is expected in the House of Representatives as unified Democratic lawmakers gang-up against an amended Republican proposal that would cut spending by $917 billion over 10-years if passed. A midweek slump in stocks pointed to just how fractious investors have become as the August 2 deadline approaches.

World () - The International Monetary Fund said China should let the yuan gain to boost demand and global economic stability, citing the risk that any growth shocks in the country will hurt the world.

Europe () - The single European currency is facing its biggest crisis since it was launched more than a decade ago.

The severe debt problems facing one of its members, Greece, has intensified the debate about the future of the euro, which binds together 17 members with some very different economic policies.

Europe () - four, amid dimming prospects the European Central Bank will accelerate interest-rate increases this year.

China () - China's yuan has hit a record high against the US dollar after the US Treasury department said the Chinese currency was undervalued but not manipulated.

USA () - Top-performing global bond fund managers are sticking with long-term bets against the U.S. dollar even as the currency has rallied more than 4 percent since the end of last month.

China () - Most global investors predict China’s yuan will be convertible into other currencies by 2016, with 50 percent seeing it joining the dollar, yen and euro as a reserve currency within a decade, a Bloomberg poll indicated.

Sydney () -  The dollar struggled to make much headway in Asian trading hours Wednesday, as investors grappled with mixed signals from some key Chinese data.