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Europe Top News and Analysis Switzerland

  • BERN, June 15- The Swiss National Bank said on Thursday reducing its huge balance sheet was not on the agenda as political and economic risks had not yet eased sufficiently for it to move away from its ultra-loose monetary policy. Asked if the SNB was considering trimming a balance sheet bloated by currency interventions, Chairman Thomas Jordan told a media...

  • Thomas Jordan, president of the Swiss National Bank (SNB), pauses during the Swiss International Finance Forum in Bern, Switzerland.

    The President of Switzerland's central bank has said that its ultra-loose monetary policy remains 'absolutely necessary' after it announced its commitment to keeping interest rates in negative territory Thursday.

  • A cyclist rides past the Swiss National Bank's headquarters in Bern, Switzerland.

    The Swiss National Bank maintained its ultra-loose monetary policy on Thursday in a bid to reduce upward pressure on the strong Swiss franc.

  • SNB reiterates need for ultra loose monetary policy

    CNBCs Carolin Roth updates from Bern, Switzerland, on the Swiss National Bank's decision to keep interest rates at -0.75 percent.

  • Swiss National Bank expected to keep rates on hold

    CNBC's Carolin Roth reports from Bern, Switzerland on the Swiss National Bank's upcoming interest rate decision.

  • SNB expected to keep rates low, currency still overvalued

    CNBC's Carolin Roth reports from Bern, Switzerland, on the Swiss Central Bank's monetary policy strategy.

  • **LONDON- Bank of England Governor Mark Carney will attend Mansion House Bankers and Merchants Dinner in London 2000 GMT. LUXEMBOURG CITY- Participation by the ECB President Mario Draghi and board member Benoit Coeure in Eurogroup meeting in Luxembourg. LONDON- Bank of England announces rate decision and publishes the minutes of the meeting, after the rate...

  • **LONDON- Bank of England Governor Mark Carney will attend Mansion House Bankers and Merchants Dinner in London 2000 GMT. LUXEMBOURG CITY- Participation by the ECB President Mario Draghi and board member Benoit Coeure in Eurogroup meeting in Luxembourg. LONDON- Bank of England announces rate decision and publishes the minutes of the meeting, after the rate...

  • LONDON— Prime Minister Theresa May had hoped the election would provide more certainty to Britain's exit from the European Union. One analysis of the vote's outcome points to a "softer" Brexit, one that leaves Britain with some degree of privileged trade access to the EU's massive, tariff-less single market. By contrast, Britain's minister in charge of the Brexit...

  • *IMF lifts 2017 growth forecast to 6.7 pct from 6.6 pct in April. BEIJING, June 14- The International Monetary Fund on Wednesday raised its forecast for China's 2017 economic growth to 6.7 percent, its third increase this year, citing "policy support, especially expansionary credit and public investment". "The critically important recent focus on tackling...

  • Singapore's business district skyline at dusk

    Financial centers Singapore and Hong Kong will attract more wealth in the coming years, helping to propel Asia Pacific to become wealthiest region by 2019.

  • ISLAMABAD, June 14- Last year, Pakistan held informal talks with General Electric, Siemens and Switzerland's ABB to build the country's first high-voltage transmission line. In Pakistan, whose geographical position makes it central to Beijing's " Silk Road" plans, contracts have been awarded for projects worth more than $28 billion all by Chinese companies...

  • ROME European Central Bank board member Vitor Constancio will give the opening speech at the convention on "Banking Union and Basel 3- Risk and Supervision" organized by the Italian Banking Association in Rome 0815 GMT. FRANKFURT- Riksbank Deputy Governor Cecilia Skingsley is taking part in a panel discussion on how new technologies shape the future of...

  • ROME European Central Bank board member Vitor Constancio will give the opening speech at the convention on "Banking Union and Basel 3- Risk and Supervision" organized by the Italian Banking Association in Rome 0815 GMT. FRANKFURT- Riksbank Deputy Governor Cecilia Skingsley is taking part in a panel discussion on how new technologies shape the future of...

  • *Green Climate Fund's biggest payment so far to U.S. group. SEOUL/ OSLO, June 13- The $10 billion Green Climate Fund that U.S. President Donald Trump said was a waste of tax dollars has fallen behind on its goals, with a biggest payout so far of just $5 million for a U.S.-led solar energy project.

  • Lung cancer

    Roche-backed Foundation Medicine will bring its genomic sequencing of tumors to China in the third quarter.

  • SINGAPORE, June 13- The Canadian dollar rose to its highest level in nearly two months on Tuesday, buoyed by hawkish comments from Canada's central bank, while worries about UK political uncertainty dented sterling. Bank of Canada Senior Deputy Governor Carolyn Wilkins said on Monday first-quarter growth was "pretty impressive" and that signs economic growth...

  • **LONDON- Bank of England Director of the Supervisory Risk Specialists Charlotte Gerken will give speech at Operational Risk Europe 2017 1450 GMT. **LONDON- Bank of England Director for Banknotes and Chief Cashier Victoria Cleland will participates in the ATM& Cash Innovation Europe 2017 1420 GMT. LONDON European Central Bank board member Sabine...

  • **LONDON- Bank of England Director of the Supervisory Risk Specialists Charlotte Gerken will give speech at Operational Risk Europe 2017 1450 GMT. **LONDON- Bank of England Director for Banknotes and Chief Cashier Victoria Cleland will participates in the ATM& Cash Innovation Europe 2017 1420 GMT. LONDON European Central Bank board member Sabine...

  • A heroin user prepares to inject himself in New London, Conn.

    Vancouver gives heroin to drug users suffering from addiction — and it works, Vox reports.