Swiss Franc


  • Swiss franc falls towards 5-week lows, Greek deal Monday, 23 Feb 2015 | 7:30 AM ET
    Spanish Finance Minister Luis de Guindos, left, talks with Greek Finance Minister Yanis Varoufakis at a euro zone finance ministers meeting to discuss Athens' plans to reverse austerity measures, in Brussels, Feb. 20, 2015.

    The Swiss franc shed over 1 percent against the dollar, dropping towards five-week lows as some of the Greece-related safety flows waned.

  • *Bond investors sell Germany, buy Italy and Spain. LONDON, Feb 23- Shares rose and the safe-haven Swiss franc fell against the euro on Monday after Greece reached a conditional deal with its international parteners to avert an immediate financial crisis. The agreement keeps Greece in the euro zone, though it will live under the EU/IMF rescue plan its government...

  • *Greece still has to submit list of planned reforms later in day. LONDON, Feb 23- The Swiss franc fell towards five-week lows on Monday, as some of the Greek-related safety flows waned after a conditional loan extension for Greece was reached late last week. "Clearly, they want to keep Greece in the euro zone and as a consequence some of the safe-haven plays are being...

  • Euro gains on reports a Greek deal reached Friday, 20 Feb 2015 | 4:06 PM ET

    The euro jumped against the dollar in midday trading on reports that a deal had been reached between Greece and the European Central Bank.

  • Dollar recoups ground on talk of SNB buying Thursday, 19 Feb 2015 | 9:13 AM ET

    The dollar recovered on talk the Swiss National Bank was buying the greenback.

  • Nestle CEO: We're offsetting Swiss Franc moves  Thursday, 19 Feb 2015 | 5:20 AM ET

    Paul Bulcke, CEO of Nestle, talks the current volatility in the Swiss franc and the measures the company is taking to offset that.

  • Swiss exports fall in month SNB removes cap on franc Thursday, 19 Feb 2015 | 4:02 AM ET

    ZURICH, Feb 18- Swiss exports fell 0.8 percent in January in real terms from a year earlier, when adjusted to take account for one less working day than last year, with sales of chemicals and pharmaceuticals hard hit, the Federal Customs Office said on Thursday. The surge in the Swiss franc since Switzerland scrapped the currency's cap in mid-January may also have...

  • Annual sales fell in Swiss franc terms due to hesitant consumers in Europe and shifting exchange rates. Swiss-based Nestle reported weak sales growth in Europe, saying business conditions there were volatile, "with deflationary pressure increasing during the year." Sales in Europe rose only 1.5 percent stripping out currency effects and acquisitions.

  • Euro rises 0.7 pct, despite Greek talks collapse Tuesday, 17 Feb 2015 | 7:59 AM ET
    A cashier counts euro banknotes in Vilnius, Lithuania, on Jan. 1, 2015.

    The euro recovered from initial losses, helped by a bounce in German investor sentiment.

  • Euro edges up before crunch meeting on Greece Monday, 16 Feb 2015 | 8:56 AM ET
    A cashier counts euro banknotes in Vilnius, Lithuania, on Jan. 1, 2015.

    The euro inched higher ahead of a meeting of euro zone finance ministers that investors expect will find enough common ground to support Greece.

  • *UBS, Credit Suisse expand off-shoring centers in Poland. WARSAW/ KRAKOW, Feb 15- Swiss financial titans UBS and Credit Suisse are expanding their operations in provincial Poland in a cost-saving drive made more urgent by the surge in the value of the Swiss franc. Even before the Swiss central bank abandoned its cap on the currency in January, the cost of taking on...

  • Euro set for third straight week of gains Friday, 13 Feb 2015 | 8:45 AM ET

    The euro edged higher on Friday, putting it on course for a third straight week of gains, its best performance in just under a year.

  • Dollar slides on soft U.S. data; euro gets relief Thursday, 12 Feb 2015 | 11:10 AM ET

    The dollar dropped across the board on Thursday after weaker-than-expected U.S. economic data.

  • ZURICH, Feb 12- Credit Suisse has announced a 25 percent boardroom pay cut and reduced bonuses for other top staff while also setting out a range of measures to tackle the surge in the Swiss franc. As global banks face renewed scrutiny after Britain's HSBC admitted failings by its Swiss private bank that may have allowed customers to dodge taxes, Credit Suisse...

  • ZURICH, Feb 12- Board members of Credit Suisse are taking a 25 percent pay cut and bonuses for top staff are being slashed after a hefty fine from U.S. authorities, the bank said as it also set out a range of measures to tackle the surge in the Swiss franc. Shares in the Zurich- based lender surged more than 9 percent but remained well below their level before the Swiss...

  • Yen surges on reports of hawkish tone from BOJ Thursday, 12 Feb 2015 | 5:25 AM ET

    The yen surged against the U.S. dollar following a report that the country's central bank is cooling on the idea of adding more stimulus.

  • How did the SNB shock impact top firms?  Thursday, 12 Feb 2015 | 4:30 AM ET

    CNBC talks to the CEOs of Credit Suisse and Zurich Insurance, and Switzerland's Economy Minister about the Swiss National Bank's decision to drop its currency peg last month.

  • European shares steady; Credit Suisse, Renault surge Thursday, 12 Feb 2015 | 3:13 AM ET

    PARIS, Feb 12- European shares were steady in early trading on Thursday, with investors focusing on a big batch of quarterly results from companies including EDF, Rio Tinto and Credit Suisse. Shares in Credit Suisse rose 4.5 percent after the lender outlined measures to deal with the strong Swiss franc and posted fourth-quarter net profit ahead of analysts'...

  • ZURICH, Feb 12- Swiss bank Credit Suisse on Thursday outlined measures to deal with the strong Swiss franc, as fourth-quarter net profit beat analysts' estimates. Like many big Swiss companies, Credit Suisse holds a considerable portion of assets, and derives revenue, in euros, dollars and other currencies, but reports in Swiss francs, raising its exposure to...

  • Swiss Econ Min: Franc strength hurting businesses  Wednesday, 11 Feb 2015 | 7:17 PM ET

    Johann Schneider-Ammann, Economy Minister of Switzerland, says the surge in the Swiss franc is a huge challenge for businesses, but declined to comment what the ideal exchange rate should be.