The dollar edged up with the greenback touching an 11-year peak despite soft economic data.» Read More
Former Goldman Sachs Asset Management Chairman Jim O'Neill shares his thoughts on currencies and shorting the Swiss franc. Also O'Neill weighs in on why he thinks the U.S. structural story is not so powerful.
The dollar edged down after Fed Chair Janet Yellen held back from giving a clear view on when the Fed may begin raising interest rates.
The dollar edged down against the yen Janet Yellen suggested the Fed won't be rushed into kicking off the U.S. interest rate tightening cycle.
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...
The euro jumped against the dollar in midday trading on reports that a deal had been reached between Greece and the European Central Bank.
The dollar recovered on talk the Swiss National Bank was buying the greenback.
Paul Bulcke, CEO of Nestle, talks the current volatility in the Swiss franc and the measures the company is taking to offset that.
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.
The euro recovered from initial losses, helped by a bounce in German investor sentiment.
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...
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.
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...
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.
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.