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Swiss Franc

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  • Poles with Swiss-franc mortgages demand govt help Saturday, 24 Jan 2015 | 11:28 AM ET

    WARSAW, Poland— Poles who have taken out mortgages in Swiss francs are protesting in a number of cities, demanding government help after the franc soared in recent weeks, making their monthly payments significantly higher. It's a pressing issue in Poland, where there's more than 500,000 outstanding Swiss-franc loans in this nation of 38 million people.

  • Euro hits fresh 11-year lows following ECB move Friday, 23 Jan 2015 | 1:51 PM ET
    A cashier counts euro banknotes in Vilnius, Lithuania, on Jan. 1, 2015.

    The euro fell to fresh 11-year lows against the dollar after the ECB said on Thursday it would pump a trillion euros into the euro zone economy.

  • LONDON/ BUDAPEST, Jan 23- Hungarian Prime Minister Viktor Orban has long irritated European Union partners with economic policies that have burned foreign banks operating in Hungary. Such policies were contributing factors in the banks, including Austria's Raiffeisen and Erste and a unit of Italy's Intesa Sanpaolo, taking write-downs on their Hungarian...

  • Euro falls to fresh 11-year low on ECB decision Thursday, 22 Jan 2015 | 1:38 PM ET

    The euro hit a fresh 11-year low after Draghi announced the launch of an open-ended expanded monthly 60 billion euro bond-buying program.

  • This currency war cannot go well: Art Cashin Thursday, 22 Jan 2015 | 12:11 PM ET
    Art Cashin

    The currency war is being played like a chess match, but that will eventually change, veteran trader Art Cashin told CNBC.

  • ZURICH, Jan 21- Swiss chocolate maker Barry Callebaut warned on Wednesday the strong Swiss franc could hit its results, after sales revenue rose 15.1 percent in the quarter to November helped by higher cocoa bean prices. Barry Callebaut said it conducted 99 percent of its business outside of Switzerland so had limited operational exposure to the surging franc,...

  • WARSAW/ ZAGREB, Jan 21- Croatia could convert mortgages denominated in Swiss francs into the local kuna currency, it said on Wednesday, scrambling to cope with a surge in the franc's value that has hit hundreds of thousands of homeowners across central and eastern Europe. In Poland- the country worst affected by the Swiss National Bank's surprise decision last...

  • *Romania follows Hungary, Poland in proposing help for borrowers. BUCHAREST, Jan 21- Romania's government plans to expand a scheme to ease the debt burden of its lowest earners as holders of Swiss franc-denominated loans are being hit by the currency's surge, its finance minister said on Wednesday. Romania is the latest country in the region to float measures to...

  • Yen rebounds, BOJ disappoints further easing bets Wednesday, 21 Jan 2015 | 6:22 AM ET

    The yen rebounded against the dollar after the Bank of Japan stood pat on monetary policy.

  • LONDON, Jan 21- Emerging stocks jumped 1 percent to six-week highs on Wednesday, boosted by Chinese market gains and prospects for European monetary easing, though Polish banking shares remained under pressure due to fears over households' Swiss franc loans. On currencies, the Nigerian naira hit record lows versus the dollar while Russia's rouble lost ground...

  • SNB end of euro peg a 'shock': Zurich Insurance boss  Wednesday, 21 Jan 2015 | 1:15 AM ET

    Speaking at the World Economic Forum in Davos, Martin Senn, CEO of Zurich Insurance Group, says the Swiss National Bank's move to end the Swiss franc's euro peg was a "surprise" to the world.

  • LONDON/ BOSTON, Jan 20- COMAC Capital is returning money to outside investors after suffering heavy losses on a currency trade last week, becoming the second hedge fund in less than a week to take dramatic steps after being battered by the Swiss franc's unexpected surge. The London- based firm's $1.2 billion COMAC Global Macro fund lost 8.0 percent when the Swiss...

  • Europe: 'The problems are back'  Tuesday, 20 Jan 2015 | 11:30 AM ET

    The European Central Bank's first meeting is a hot topic at Davos this year. Axel Weber, chairman of UBS says that the real issue in Europe is reforms.

  • *Cost for the banking system 80- 90 mln EUR. ZAGREB, Jan 20- Croatian banks urged parliament on Tuesday to reject a government proposal to protect homeowners who took out mortgages in Swiss francs by fixing the exchange rate for one year. Some 60,000 housing loans in Croatia are denominated in Swiss francs, with a current value of around 27 billion kuna.

  • ZAGREB, Jan 20- Croatian banks urged parliament on Tuesday to reject a government proposal to protect homeowners who took out mortgages in Swiss francs by fixing the exchange rate for one year. Some 60,000 housing loans in Croatia are denominated in Swiss francs, and their current value is around 27 billion kuna. The government wants the rate fixed at 6.39 kuna...

  • *Paris shootings add to sombre mood for luxury companies. GENEVA, Jan 20- Richemont's flagship Cartier brand will increase prices for watches and jewellery by five percent in the euro zone to limit the damage to its margins following the surge in the Swiss franc. This applies to both jewellery and watches, but we are keeping prices in Switzerland stable, "Cartier...

  • WARSAW, Jan 20- Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the franc surged last week. Separately, the heads of major banks were meeting the finance minister, regulators and Central...

  • WARSAW, Jan 20- Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the franc surged last week. Separately, the heads of major banks were due to meet the finance minister, regulators and Central...

  • Dollar rises to 1-week high vs yen after China data Tuesday, 20 Jan 2015 | 5:32 AM ET

    The dollar hit a one-week high against the yen after China growth data was not as bad as many had feared, curbing demand for the safe-haven Japanese currency.

  • Is gold the ultimate safe haven?  Tuesday, 20 Jan 2015 | 4:20 AM ET

    Is gold still a safe haven? Mark O'Byrne, executive and research director at GoldCore, seems to think so, saying that the Swiss National Bank's recent decision was the "icing on the cake" to show how gold thrives in a volatile environment.