The value of the Swiss franc tumbled to two-week lows versus both the euro and the U.S. dollar Monday amid speculations that the Swiss National Bank (SNB) was intervening to weaken the currency and it was targeting a new exchange rate band. 248 more words
Tags » Europe Economy
Brent crude hits below $52 as oil continued to drop putting it to its lowest for the first time in over five years. Oil prices sank as concerns about surplus of global supplies heightened. 358 more words
Global finance is getting snippy: The head of Europe’s Central Bank, Mario Draghi, is tired of backseat driving from the International Monetary Fund.
“I think the IMF has been of recent extremely generous in its suggestions on what we should do or not do,” he… 315 more words