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Cleetus Friedman, the owner of Chicago-based natural foods catering company, City Provisions, is seen in this undated handout photo.

Healthy food startups avoid recession's bite

Cleetus Friedman is convinced consumers will continue to pay a premium for healthier, locally sourced food, despite the sluggish economy that has many watching their wallets.
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Swiss franc retreats versus dollar and euro

The Swiss franc fell from record highs on Wednesday after the Swiss National Bank shocked the market with an interest rate cut, but the retreat should prove fleeting given mounting concerns about global growth.
A general view of a container port in Shanghai

World's Private Sector Stumbles as Debt Crisis Bites

The world's economy moved closer to stagnation last month as firms in Asia and Europe reined back in the face of an ongoing debt crisis and signs of a new U.S. slowdown, business surveys showed on Wednesday.
A Swiss National Bank logo is pictured on the SNB building in Bern

SNB Cuts Rates to Counter Steep Swiss Franc Rise

The Swiss National Bank cut its interest rate target band on Wednesday in a surprise move to stem the rapid rise of the Swiss franc, which investors have flocked to seeking harbor from the European and U.S. debt crises.
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Swiss franc roars as markets dump risk

The Swiss franc held hefty gains in Asia on Wednesday, having rocketed to record highs as investors scrambled for a safe haven on renewed tensions in the euro zone debt market and worries about a global slowdown.
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Small business borrowing jumps: PayNet

Borrowing by small businesses jumped in June to the highest level in more than three years, a sign that a so-far elusive resurgence in economic growth may be around the corner.

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