ZURICH (Reuters) – The Swiss National Bank appeared to remain on the sidelines as the Swiss franc surged to its highest level in nearly three years on Monday, driven by concerns about the spread of the coronavirus. The franc fell to 1.069 versus the euro EURCH... More »
LONDON (Reuters) – As speculation about interest rate rises and policy ‘normalization’ in the euro zone, Japan, Britain and China falls away rapidly, the U.S. Federal Reserve’s now lonely monetary tightening has suddenly supercharged the dollar. The revival of... More »
FILE PHOTO: Offices in the financial district of Canary Wharf in London, Britain, January 19, 2017. REUTERS/Kevin Coombs/File Photo Rock-bottom interest rates hurt more big European banks in 2016 than in the previous year, but the worst could soon be over with... More »
Logo of Swiss PostFinance bank is seen at a branch in Zurich, Switzerland August 22, 2016 REUTERS/Arnd Wiegmann Swiss bank PostFinance [PFAG.UL] will start charging private customers for holding deposits of more than 1 million Swiss francs ($1 million), it sai... More »
ZURICH The Swiss National Bank should make more efforts to protect Switzerland’s economy from the impact of an overvalued franc, economists told several Swiss newspapers. The SNB abandoned its cap on the franc in January and is instead using negative interest ... More »
