×

Europe Top News and Analysis Switzerland

  • greece_flag_cracked_200.jpg

    Greece may never be able to pay off its huge debts, but its bonds, long scorned by investors, are suddenly being gobbled up by hedge funds, the New York Times reports.

  • merkel_angela_240.jpg

    European leaders headed home from a weekend of meetings in Washington vowing bolder steps to address widening anxiety about the Continent’s debt burden. But it will most likely be weeks or even months before any new action comes to pass. The NYT reports.

  • CEO Oswald Gruebel of UBS

    No time wasted. Only an hour after Sergio Ermotti was appointed interim CEO of UBS following Oswald Gruebel's decision to resign, the Swiss Italian banker, alongside Chairman Kaspar Villiger, addressed the media in a hastily arranged conference call.

  • Man with wings

    Great new ideas are only the first link in a chain that includes government and corporate allies in an economy that supports risk.

  • british_pounds_200.jpg

    With all the action on the Continent, the British pound has been out of the spotlight. It's time for a look — and you might not like it.

  • The Swiss National Bank is putting the kibosh on the franc's safe haven status, and investors are turning to Norway instead. But it could be too much too fast.

  • Jim Rogers during a visit to Wenzhou, Zhejiang Province of China. Rogers says he's long Chinese stocks and the currency even though he thinks the property sector may be in a bubble.

    The Swiss central bank's decision to set a limit on how much the Swiss franc can appreciate against the euro is "a huge mistake," investor Jim Rogers, chairman of Rogers Holdings, told CNBC.com on Wednesday.

  • George Soros

    Remember the collapse of Lehman Brothers ? Europeans certainly do. As Europe struggles to contain its government debt crisis, the greatest fear is that one of the Continent’s major banks may fail.

  • The Swiss National Bank (SNB) came out fighting Tuesday, announcing its intention to set a minimum exchange rate for the Swiss franc against the euro, in a move which sent European shares and the price of gold up.

  • SNB Exchange Rate Target

    Speaking of the SNB's decision to peg the Swiss Franc to the Euro, Julia Coronado, North America chief economist at BNP Paribas, told CNBC, "There are a lot of tensions in the currency world right now, and as we have seen, it is not always easy to effectively have control over that."

  • Zurich, Switzerland

    The Swiss central bank has started to buy French and German government debt from the markets to try to bring the Swiss franc down, Dow Jones newswire wrote on Saturday, quoting a report by German newspaper Frankfurter Allgemeine Zeitung.

  • money_dice_gamble_200.jpg

    Slashing costs and trimming staff has not solved the problems of developed world companies, making earnings more likely to fall, Richard Cookson, chief investment officer at Citi, told CNBC Tuesday.

  • Swiss Franc = Safe Haven?

    If and when the S&P 500 rolls over, CHF/JPY will selloff, says Todd Gordon, Aspen Trading.

  • Swiss Francs

    The Swiss Franc has become the "new gold" as investors turn to money markets in an environment governed by fear, Jon Cox, Head of Swiss Research at Kepler Capital Markets told CNBC.1st paragraph of story should go here

  • Zurich, Switzerland

    If you think London or New York are among the world's most expensive cities, keep guessing and get your checkbooks out (that is if you are travelling to one of the cities that take the top spot).

  • Yen

    International intervention in foreign exchange markets may only give brief respite to countries that are fighting an "unwinnable war" against currency appreciation, analysts told CNBC.com.

  • Recession-themed newsprint cuttings

    Double dip may be back. It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again, the New York Times reports.

  • Swiss Francs

    As jittery markets pushed the euro below the 1.10 level against the Swiss franc for the first time ever on Tuesday, the headache for the Swiss National Bank (SNB) over its limited options to fight the strong franc is turning into a chronic migraine.

  • Protestors escape tear gas fired by policemen in Athens.

    Can a bailout fund whose backers include some of the countries it may be called upon to bail out really succeed? The NYT reports.

  • Greece

    European leaders on Thursday clinched a new rescue plan for Greece that could push the country into default on some debt but would also give Europe’s bailout fund new powers to aid struggling economies, the NY TImes reports