The very significant effect of China’s exchange-rate policy on euro-zone and US equity markets How can it be argued that France’s problem is a shortfall in demand? Could the financial crisis in the euro zone become self-fulfilling? Investment Daily Investment Daily Inks deal to sell machine tool unit Insignificant earnings growth through 1H APAC Equity Strategy Asia Chart of the Week: Nope, no deleveraging yet Operating difficulties unlikely to reverse in near term due to uncompetitive products