Brian Caplen, editor of The Banker, says there is a strong mood for change to executive pay despite the Swiss 1:12 referendum being rejected.» Read More
When the Swiss central bank confirmed today that it has excluded Irish government debt from a list of assets considered eligible as collateral for its repo transactions, it created broader worries about the exposure of other eurozone nations to decisions from Alpine bankers.
The Swiss central bank confirmed it has excluded Irish government debt from a list of assets considered eligible as collateral for its repo deals – operations under which it lends money against collateral.
On Saturday, Estonia completes its trip from Soviet republic to full-fledged member of the euro zone, reports the New York Times.
Swiss pharmaceuticals giant Roche said it would appeal a decision by the US Food and Drug Administration to remove the approval for the drug’s indication for metastatic breast cancer, but analysts doubt the appeal would be successful.
Banking giant UBS launched a dress code for its retail client-facing employees in Switzerland, reminding them to button up.
Chemical giant Transammonia is ending all ties with Iran following a CNBC investigation into its business dealings there.
The euro once meant flush banks and easy credit, but these days it has laid bare a cold reality: Portugal shares the high wages and prices of richer northern European neighbors, but not their competitiveness, reports the New York Times.
Swiss bank UBS says customers may withdraw 15-40 billion Swiss francs ($15-41 billion) because of revised tax treaties between Switzerland and other European countries.
When interest rates soared last week on Irish government bonds, it served as a warning to other indebted nations of how difficult it could be to roll back decades of public sector largess. The New York Times reports.
Covered bonds, a financing tool that has been popular in Europe since the 18th century, are winning converts here as a new way to finance residential and commercial mortgages, reports the New York Times.
Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies, reports the New York Times.
Vintage or antique timepieces can fetch extraordinary prices, but they better possess unique and still functional features, be in scarce supply, carry a distinguished brand name and be in near-mint condition.
Despite mounting public protests across the Continent, an austerity drive unparalleled in modern, united Europe is building, reports the New York Times.
Every week without fail Lucy Elkin, a comfortably middle-class mother of two small children, receives a £33.20 child benefit payment, or about $52, from the debt-plagued British government, reports the New York Times.
In two weeks, Alexandra Mallosi, 29, will be packing her bags and leaving the quiet Athens suburb of Holargos for Abu Dhabi to start a job as a hotel sales manager. It was not a tough decision, reports the New York Times.
The Swiss franc's safe-haven reputation helped it hit a new high against the euro, but the currency's strength risks hurting those who have relied on its vigor.
For years, Anissa Benchamacha bought her meat in a parking lot, from vendors hawking near-expired products to Muslims eager to find food that met their religious requirements.
Struggling to reduce traffic jams and a high crime rate, Maastricht is pushing to make its legalized use of recreational drugs a Dutch-only policy, banning sales to foreigners who cross the border to indulge.
The central bank reported that it lost 4.2 billion Swiss francs ($4.0 billion) in the second quarter, partly from its bid to check the rise of the Swiss franc against the weakening euro.
The prehistoric monument of Stonehenge stands tall in the British countryside as one of the last remnants of the Neolithic Age. Recently it has also become the latest symbol of another era: the new fiscal austerity. The NYT reports.