links for 2009-11-26

The Swiss franc fell Thursday on reports that the country's central bank intervened in foreign exchange markets to stem the export-sapping appreciation in the currency.

Shares in banks, builders and companies part-owned in the Middle East fell around the world on Thursday and investors sought safety in government bonds on worries about Dubai's ability to pay its debts.

The White House is considering a bipartisan commission to tackle the nation's swelling deficit, as it seeks to show resolve on a problem that threatens its broader agenda.

Russia’s central bank will add Canadian dollars to its reserves and may include more currencies as it seeks to reduce its dependence on the U.S dollar.

Excess capacity is almost hard-wired into China’s economic model of industrialization, based on high levels of public investment. With a host of factors suppressing spending, surplus savings are channeled to state-owned firms that gorge on cheap capital and subsidized inputs.

China needs far-reaching structural reforms to root out industrial overcapacity, which is doing untold damage to domestic growth and the global economy, according to a report released on Thursday.