Wednesday, January 21, 2015
Geneva's luxury watch show where shop owners search out such brands as Cartier and Piaget opened Monday under a cloud as the franc surged after the Swiss central bank abandoned its bid to hold down its value.
Tuesday, January 20, 2015
The German central bank or Bundesbank said Monday that it stepped up the repatriation of its gold reserves from overseas storage last year.
Net capital outflows from Russia more than doubled in 2014 to US$151.5 billion, prompted by the Ukraine crisis and the plunging value of the ruble, according to statistics from the central bank.
Peter Wallenberg, head of the influential Swedish business family Wallenberg, has died at age 88, his family said Monday. Peter Wallenberg belonged to the fourth generation of the family, which has been closely linked to several blue chip companies in Sweden's present and past.
Monday, January 19, 2015
The stage is set this week for the European Central Bank to unleash its biggest weapon yet in the battle against deflation in the eurozone, analysts said.
Historically neutral Switzerland's foray into the global currency war ended in defeat this past week after its central bank left markets shell-shocked by abandoning the franc's exchange rate floor, analysts said.
Thursday, January 15, 2015
British inflation dived in December to a record low on sliding oil prices, official data showed Tuesday, sparking deflation fears and dampening prospects of interest rate hikes any time soon.
The EU signaled Tuesday it would show leniency to overspending member states including Italy and France that are nearing an already extended deadline to get their budgets in line with Brussels rules.
Inflation in Russia could hit 17 percent this year, the deputy economy minister said Wednesday, as the ruble suffers on the back of slumping oil prices.
Wednesday, January 14, 2015
The European Central Bank (ECB) is not divided over the issue of sovereign bond purchases and will be in a position to reach a decision this month, two top officials said Tuesday.