These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Stocks in Asia traded lower on Monday morning, as investors await the start of a Nasdaq-style technology board on the Shanghai Stock Exchange.Asia Marketsread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
The Swiss franc is "clearly and significantly overvalued" Swiss National Bank (SNB) Governor Thomas Jordan told CNBC, adding that the divergence in monetary policy across the globe created a "complex policy environment."
The Swiss franc rose against the euro on Thursday after the central bank kept its target range for three-month Libor at between -1.25 and -0.25 percent at its quarterly policy meeting, as analysts polled by Reuters had expected.
The SNB stunned markets earlier this year after it removed the three-year old cap of 1.20 Swiss francs per euro.
Jordan said the decision to drop the cap in January was not a "panic reaction," at the time and was a "well thought-out decision." He added that he expected the value of the Swiss franc to ease back to "more sustainable levels".
The SNB is expected to continue to intervene in currency markets as well as use verbal intervention, but left its benchmark interest rate unchanged. Jordan declined to comment on a specific exchange rate the bank was targeting.
"Despite depreciating somewhat in recent months, the Swiss franc is still significantly overvalued," the central bank said in a statement. "The negative interest rate and the interest rate differential with other currencies make the Swiss franc less attractive, and continue to help weaken it."
Addressing deflation fears, Jordan said the current negative inflation rates were "not optimal".
"We would prefer having a situation with positive inflation rates. But given the situation we are in, negative inflation is part of the adjustment process, so half of the negative inflation is due to the oil price and the other part is due to the appreciation if the Swiss franc," he said.
Follow CNBC International on and Facebook.