shifts

The yen held off a five-year trough on the euro and a six-month low versus the dollar on Thursday. more...

For American bicycle makers, the move to carbon fiber materials was a case of re-inventing the frame —not the wheel. more...

Chinese policymakers are tolerating moderately faster yuan appreciation to help curb inflation, though there is a limit to how much they will stomach if currency strength starts to hurt the vast export sector and the broader economy. more...

European leaders are for the first time prepared to accept that Athens should default on some of its bonds as part of a new bail-out plan for Greece that would put the country's overall debt levels on a sustainable footing, reported the FT. more...