Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
Switzerland's central bank tweaked its long-held language about the "significant overvaluation" of the Swiss franc on Thursday as it kept other parts of its ultra-expansive monetary policy on hold.
The Swiss National Bank acknowledged the weakening of the franc against the euro in recent weeks, which it said "is helping to reduce, to some extent, the significant overvaluation of the currency".
"The Swiss franc nevertheless remains highly valued, and the situation on the foreign exchange market is still fragile," the SNB said in a statement after its quarterly policy review.
The safe-haven franc has lost some of its allure in recent weeks as Europe's economic recovery has gathered momentum and political risks have dissipated.
The euro has gained nearly 5 percent since the start of July to approach 1.15 francs, helping Swiss exporters whose biggest foreign market is the neighbouring euro zone.
That is still below the 1.20 level the SNB defended for three years until January 2015.
The SNB kept its negative interest rates on hold and said it remained ready to intervene in the currency markets where necessary, the two bulwarks of its expansive policy over the past two and a half years.
It kept its target range for the three-month London Interbank Offered Rate (LIBOR) at -1.25 to -0.25 percent, as expected in a Reuters poll of analysts.
It also kept its policy of charging 0.75 percent on sight deposits held by commercial banks above a certain threshold.
The SNB said it needed to keep policy on hold in line with its target of maintaining price stability and supporting the Swiss economy.
The SNB cut its 2017 Swiss GDP growth forecast to just under 1 percent from the roughly 1.5 percent it forecast in June. The downward revision was broadly expected after tepid growth in the second quarter.
The central bank lifted its inflation forecast, saying it expected price rises of 0.4 percent in 2017 compared with its previous view of a 0.3 percent rise.
It saw an inflation rate of 0.4 percent in 2018 and 1.1 percent in 2019, up from previous forecasts of 0.3 percent and 1 percent.