ECB's Deposit-Rate Cut a `Bold Move,' Sheets Says

July 5 (Bloomberg) -- Nathan Sheets, global head of international economics at Citigroup Inc. and former head of international finance for the Federal Reserve, talks about the European Central Bank's decision to lower its main refinancing rate to 0.75 percent from 1 percent and its deposit rate to zero from 0.25 percent. Sheets, speaking with Tom Keene, Sara Eisen, Michael McKee, Scarlet Fu and Ken Prewitt on Bloomberg Television's "Surveillance," also discusses the China's interest-rate cut. (Source: Bloomberg)

Toyota Bets on Hydrogen Cars, Shell to Build Fuel Stops
00:28 - Royal Dutch Shell will build seven fueling stations for hydrogen cars in California through a partnership with Toyota, laying down their latest bet on the demise of the internal-combustion engine. Bloomberg's Kevin Buckland reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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