The dollar hovered at 11-year highs and could extend gains depending on non-farm payrolls due later in the day.» Read More
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.
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...
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.
The dollar hit a fresh one-month high versus the yen on Wednesday, while uncertainty over a new debt deal for Greece kept the euro under a cloud.
The dollar strengthened on the back of U.S. Treasury yields, while the euro was buffeted by comments and media reports on the progress of Greece.
ZURICH, Feb 10- UBS Group AG has warned about the impact on profit of the surging Swiss franc and negative interest rates, while also disclosing another tax investigation in the United States involving wealthy clients. Shares in UBS slid more than four percent to 15.42 francs by 1225 GMT, despite the bank trebling its dividend from the previous year and saying it...
*Raiffeisen jumps after saying will cut exposure to Russia. PARIS, Feb 10- European stocks were steady around midday on Tuesday, with UBS falling after it warned against the effects of the surging Swiss franc and negative interest rates in Switzerland and the eurozone. On Tuesday, Raiffeisen Bank International climbed 6.7 percent after the Austrian lender said...
The dollar gave back some ground on Monday as traders sold into a rally triggered by robust U.S. jobs data.
The U.S. dollar soared against the euro and the yen on Friday, but some currency analysts are eyeing a short-term pullback in the greenback.
ZURICH, Feb 6- Swiss companies are cutting prices, asking suppliers for discounts, paying staff in euros and demanding new hours to protect profits from a soaring franc currency. The central bank last month abandoned its cap on the Swiss franc, causing the currency to strengthen and prompting firms across Switzerland to warn of a plunge in profits.
Jens Nordvig, global head of FX strategy and co-head of global markets research at Nomura Securities International, talks about "central bank activism" and when central banks will eventually raise rates.
The dollar edged up against a basket of currencies on Friday as investors looked to U.S. jobs and wages data.
James Ashley, chief economist at RBC Capital Markets, says Denmark is a completely "different kettle of fish" to Switzerland.
Denmark's central bank is reaching for bigger bazookas to battle the speculators betting it will be forced to abandon its currency's peg to the euro.
The euro eased versus the dollar, with the focus on whether U.S. jobs data laterwill bolster the case for the Fedto consider raising interest rates.