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.
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."
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.
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.
If and when the S&P 500 rolls over, CHF/JPY will selloff, says Todd Gordon, Aspen Trading.
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
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).
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.
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.
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.
Can a bailout fund whose backers include some of the countries it may be called upon to bail out really succeed? The NYT reports.
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
The chief executive and founder of Actelion, one of the world's biggest biotechnology companies, said the firm would stay independent despite pressure from activist shareholders.
Swiss bank Credit Suisse said on Friday it is being probed by the U.S. Department of Justice as part of a broader investigation into banks suspected of helping Americans evade taxes.
Swiss drugs industry supplier Lonza is to buy U.S.-listed Arch Chemicals for some $1.2 billion, creating the world's largest player in the microbial control market, the groups said on Monday.
Little by little, the woman's credibility as a witness crumbled — she had lied about her immigration, about being gang raped in Guinea, about her experiences in her homeland and about her finances, officials told the NY Times.
The sexual assault case against Dominique Strauss-Kahn is on the verge of collapse as investigators have uncovered major holes in the credibility of the housekeeper who charged that he attacked her in his Manhattan hotel suite in May, according to two well-placed law enforcement officials. The NYT reports.
New capital requirements proposed by global regulators demanding that the biggest banks hold extra capital by 2019 will bring about a new recession, Rochdale's vice-president for equity research Dick Bove wrote in a weekend market note.
ArtBasel, to many the most prestigious modern- and contemporary art fair, opened its doors on June 15 for the 42nd time, hot on the heels of the Venice Biennale last week.
For now, at least, investors seem to believe that the United States has enough shock absorbers to comfortably withstand a default by Greece, the New York Times reports.