The Swiss National Bank said it would introduce a negative exchange rate of -0.25 percent on sight deposit account balances at the central bank.» Read More
The other shoe has dropped and QE3 is upon us. Here's your currency trade on the news.
The Swiss National Bank has left its euro-Swiss franc floor in place. Is this really necessary?
Europe's four-year old debt crisis seems to be in remission allowing Spain to delay requesting a full bailout, but some analysts are growing worried the country's sanguine attitude could come back to haunt Europe.
European stocks closed lower on Thursday after a day's thin trade, as investors await to see if the U.S. Federal Reserve will unveil further stimulus measures which could add fresh fuel to the market's sharp three-month rally.
Fed meeting news awaits and Asian central banks stand pat — it's time for your FX Fix.
Brazil, Russia, India and China – together termed BRICs have been an investment disaster and were a marketing-led concept , according to John-Paul Smith, emerging markets equity strategist at Deutsche Bank.
The London mansion of Rafiq Hariri, Lebanon’s late prime minister, has been put up for sale in what is expected to be the most valuable housing transaction in British history, the FT reports.
When Tom Enders, a former paratrooper in the German armed forces, took the helm of EADS in June, he let it be known inside the company that he wanted to do something bold to put his stamp on the European aerospace manufacturer. The FT reports.
Spain's economic crisis has prompted a movement within Spain dubbed it “rurbanismo,” a term invented to describe the reverse migration from city to country that has stemmed a generations-old trend that has long been the usual pattern in most advanced industrial economies, the New York Times reports.
Things are perking up for the automobile industry as cheap financing makes a comeback, and the reason can be traced to booming demand for asset-backed securities on Wall Street. The FT reports.
Lawyers within the Treasury Department have recommended a preliminary settlement with Standard Chartered, clearing the path for the British bank to pay a penalty to state and federal prosecutors and to move beyond claims that it flouted laws governing international money transfers. The NYT reports.
New quantitative easing could push the dollar lower against the euro, but one strategist recommends caution.
Abercrombie & Fitch has retained Goldman Sachs as an advisor in the face of continued pressure from Relational Investors, reports CNBC's Kayla Tausche.
European stock markets closed mixed on Wednesday, paring earlier gains reached after a German court ruled to back the permanent euro zone rescue fund.
Europe cleared a number of major hurdles in its quest to find a comprehensive solution to the euro zone debt crisis on Wednesday, with a German court giving its heavily-anticipated approval for a new rescue fund and the unveiling of new proposals for a European banking union and more European integration.
Rumors have been growing over the whereabouts of Xi Jinping, the man widely tipped to be the next president of China, but Chinese authorities and the media have remained silent about his health or whereabouts.
Germany okays the bailout and British jobless claims fall — it's time for your FX Fix.
Markets overwhelmingly are looking for the Fed to announce a new program of asset purchases as soon as Thursday to try and boost the US economy but doubt it will do much to bring down unemployment, the latest CNBC Fed Survey says.
A deepening euro zone recession will force the European Central Bank into full-blown quantitative easing within six months, David Owens, Chief European Economist at Jefferies International told CNBC Wednesday.
The euro, which has rallied in recent weeks, dodged a bullet on Wednesday when the German Constitutional Court approved Germany's ratification of a permanent euro zone bailout fund.
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European shares bounced in morning trade on Thursday, with global sentiment boosted after the U.S. Federal Reserve said it had confidence in the economy.
Michele Della Vigna, head of European energy research at Goldman Sachs, says the fall in oil price and the shale revolution will dramatically change the energy industry.
Charles Robertson, global chief economist at Renaissance Capital, and Bob Parker, senior advisor at Credit Suisse, discuss how the rise of radical anti-austerity parties across the European Union highlights "political contagion" in the region.