Switzerland stuns markets by giving up on currency peg

Jan 16, 2015

Switzerland stuns markets by giving up on currency peg

Rarely has one statement prompted such a dramatic move in currency markets. The Swiss franc achieved a turbo-charged liftoff Thursday after the country’s central bank bowed to the inevitable and ditched an increasingly expensive policy to limit the export-sapping rise of the currency. Within ...

Jan 8, 2015

Fed looks past a world in turmoil, confident in U.S. recovery

U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay. New trade data released on Wednesday ...

Sep 9, 2014

Reform key to eurozone growth

The surprise move by the European Central Bank to lower its main lending rate from 0.15 to 0.05 percent and to push the overnight deposit rate further into negative territory indicates the central bank's fear that the stagnating eurozone economy will fall into ...

Jan 9, 2014

ECB gives thumbs up to woman on executive board

The European Central Bank on Thursday gave the green light to the appointment of a woman to its all-male executive board. Earlier this week, the Council of EU member states named Germany’s Sabine Lautenschlaeger to the ECB’s executive board, replacing compatriot Joerg Asmussen. The ...

Aug 18, 2013

Eurozone bonds seen turning page on debt crisis

The eurozone bond market is gradually recovering from the disruption caused by the debt crisis, analysts say, with the gap in borrowing costs between fragile countries and Germany at two-year lows. “The bond market is benefiting from both the staunch support of the ECB ...

Trichet: Kuroda good pick, don't guide yen

Mar 6, 2013

Trichet: Kuroda good pick, don't guide yen

Former European Central Bank President Jean-Claude Trichet welcomed Asian Development Bank President Haruhiko Kuroda as the nominee for the next leader of the Bank of Japan, in an interview on Monday. Noting his previous ties with Kuroda, Trichet said he is sure of “very ...