International Headlines and Stories

The question of the value of the yuan, undervalued considered by many experts and business partners in China, including the United States and Europe, remains. On Tuesday, China has once again rejected any foreign pressure on the exchange rate of its currency. "We resolutely oppose the politicization of economic and social topics. The rate of yuan reform can not proceed under the influence of external pressure, "warned the spokesperson of the Ministry of Foreign Affairs Jiang Yu

"The direction in which we are working to change the mechanism of RMB exchange rate will remain unchanged," she continued. However, Beijing pledged in mid-June to let the yuan move more freely against the dollar.But since that announcement, the Chinese currency has remained almost stable against the greenback, while some U.S. lawmakers believe the yuan should be revalued by 40%. The major trading partners accuse China of keeping its currency artificially low to encourage exports unduly, thus increasing their deficits.

Conversely, the dollar fell Tuesday to its lowest level in more than fifteen years against the yen (to 83.52 yen). In recent weeks, the yen benefited in particular from its status as a refuge from the uncertainties of the global economy. On Tuesday, the absence of new measures the Central Bank of Japan to stem the yen's surge once again accelerated the trend.

• The euro continued its rebound against the dollar
• The South Korea Stock Exchange flew to a record
• France: the rate of credit to households at the lowest
• The French trade deficit narrowed in 2009
• Global consumption of wine leaves after 4 years of follow