What made the business news in Asia and Europe this morning? Here's our daily business round-up:
Last week, ECB president Mario Draghi said he was ready to do "whatever it takes" to support the euro, prompting a rally in shares and the single currency.
Fears that Spain will need a bailout have prompted speculation that the ECB will take unprecedented steps to help.
David Llewellyn, vice chairman of the Banking Stakeholder Group at the European Banking Authority, said: "Expectations are very high, the markets recognise that past measures simply haven't worked.
"Above all if nothing is done to lower and stabilise the borrowing costs of countries like Spain and Italy then their future within the euro must be in question."
Aside from the ECB, the main news has come from a string of company announcements.
The cuts come as Sharp reported a net loss of 138.4bn yen ($1.8bn; £1.1bn) for the April to June period.
That was up from a 49.3bn yen loss during the same period a year earlier.
Sharp said that a "greater-than-expected" slowdown in demand from Japan and China, and falling prices had hurt its earnings.
The firm reported a net loss of 24.6bn yen ($314m; £202m) for the April to June period, compared with a loss of 15.5bn yen a year earlier.
It also cut its forecast for net income for the year to 31 March 2013 to 20bn yen, down from a projection of 30bn yen in May.
Sony has been hurt by slowing demand for TVs and a strengthening yen.
Net profit was 26.9bn yen ($343m; £220m) in the April-to-June period, up from 12.7bn yen a year earlier.
The airline said that revenues at both its international and domestic routes had increased during the period.
It said the arm could rust and separate if the suspension nuts were not tightened properly during service.
The carmaker has been trying to rebuild its image after a spate of recalls due to safety concerns in the past few years.
It now expects full-year net profits to rise by 15-17%, against an earlier estimate of 12-17%.
Adidas said major sporting events would provide a "positive stimulus" to sales.
It also said second quarter profits rose to 165m euros ($202m; £130m), up from 140m euros a year earlier.
The lender made 1.8bn euros ($2.2bn; £1.4bn) in the second quarter. Although this was down 13% from 2.1bn euros a year earlier it was better than analysts' forecasts.
In a statement, Internazionale Holding, the parent company, said the group would acquire a stake but that the Moratti family would retain control.
It also said it would build a new stadium in partnership with a unit of China Railway Construction to be completed in 2017.
The latest Business Daily programme from the BBC World Service looks at the problem of unemployment from the perspective of applicants.