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
Mark Zuckerberg gives his first interview since the Facebook IPO; Ex-JCP exec joins the GAP; Steve Wynn releases a scathing statement on Joe Francis and Ford may soon have a CEO succession plan.
Albert Frère, the billionaire, is known as the most French of Belgian tycoons. Now his business partner, Bernard Arnault, is poised to become Belgium’s most famous Frenchman if his application for citizenship succeeds, the Financial Times reports.
There is a deep unease spreading across the United States. As anyone who's living through it can tell you, America's middle class — the backbone of the world's largest economy — is in distress, the Global Post reports.
In September 1992, the Federal Reserve culminated a long-running effort to stimulate the sluggish economy by cutting its benchmark interest rate to 3 percent, the lowest level it had reached in almost three decades.
Catalonia no longer fits within Spain and needs to explore the option of independence, according to a leading nationalist and former head of the Catalan regional government. The FT reports.
Last week’s decision by the European Central Bank to make unlimited purchases of government bonds in secondary markets was both necessary and bold. Mario Draghi, the ECB’s president, deserves credit for having obtained agreement for this controversial step, against the sole, albeit significant, opposition of Jens Weidmann, president of Germany’s redoubtable Bundesbank. It is a pity that the ECB did not do this before the crisis in sovereign debt reached Spain and Italy. Yet this delay is not surprising: eurozone policy makers have, perhaps inevitably, done too little, too late.The FT reports.
European shares edged higher on Tuesday as Deutsche Bank led a rally among euro zone banks after it said it would not ask shareholders for more cash to strengthen its capital base.
Europe’s single currency zone is essential and will survive its current crisis, Anshu Jain, the co-CEO of Germany’s Deutsche Bank, told CNBC on Tuesday.
When fear gripped the European markets in April, the money manager Robert Tipp decided to buy more Portuguese government bonds. He figured that European officials wouldn’t let the country turn into another Greece.
Ready for a news-driven week in currencies? This strategist has a trading plan.
Hope for a court ruling lifts the euro, and Oscar Mayer plans to barter with bacon — it's time for your FX Fix.
There is a legendary quote from the movie Top Gun when the commanding officer berates one of his ace pilots with the line: "Son, your ego is writing checks your body can't cash."
A consumer complaint is ricocheting around the world: low interest rates are eating away at savings, the New York Times reports.
Like the persistent haze over the Chinese city of Tianjin's skyline, fears for the state of the global economy are looming over the World Economic Forum's Annual Meeting of New Champions in China.
Boris Johnson stole the show from David Cameron with a barnstorming speech at Mondays’ parade celebrating the sporting achievements of Britain’s Olympians and Paralympians, the FT reports.
Steve Wynn wins $20 million from Girls Gone Wild Joe Francis; GoDaddy suffers a denial of service attack; another Zynga departure and Moody’s cuts Panasonic debt rating.
Investors should be looking at European stocks for value and returns despite the higher risk associated with the region and overlook U.S. stocks, according to Peter Toogood, Director of Investment at Old Broad Street Research.
David Kotok, Chairman and Chief Investment Officer, Cumberland Advisors says the ECB agreed to buy season bonds because when the ESM kicks in all bonds will be issued with the same collective action clauses in the Euro Zone.
The Australian dollar's prospects are brighter than many think, this strategist says - but there's a better game in town.
Andrew Slimmon, Morgan Stanley portfolio manager, explains why he is bullish on Europe now.
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Maurice Levy, CEO of Publicis, says the company will see a "renaissance" of growth in 2014 and will focus on the integration of Sapient.
Michael Massourakis, chief economist at Alpha Bank, says Greece can manage its debt levels and the country does not deserve the negativity investors are giving it.
Kully Samra, managing director at Charles Schwab, says inflation in the U.S. will rise faster than expected despite downward pressure on energy prices.