Swiss Franc Jumps to Highest Against Dollar Since SNB Lifted Cap
The Swiss franc jumped to the highest level against the dollar in over eight years after a softer-than-expected US inflation print dragged the greenback.
The Swiss franc jumped to the highest level against the dollar in over eight years after a softer-than-expected US inflation print dragged the greenback.
President Volodymyr Zelenskiy said the NATO summit was successful in providing Ukraine with security commitments after softening his earlier criticism of the alliance’s steps toward offering his country a path toward membership.
US leveraged loans are delivering some of the best returns in the fixed-income market this year, indicating that investors think any impending downturn could be slow to come and end up being relatively mild.
Local creditors of Brazilian fertilizer maker Unigel Participacoes are asking the company’s controlling shareholders to provide a cash injection amid talks for a potential covenant waiver, according to people familiar with the matter.
The cost of a plane ticket plunged in the early days of the summer travel season, continuing a retreat as airlines benefit from lower jet fuel prices.
Meta Platforms Inc. is set for a showdown with the European Union over allegations it crushed competition from classified ad rivals by tying the Facebook Marketplace to its massive social network.
The pound climbed to $1.30 for the first time in more than a year as the UK’s widening interest—rate advantage over its developed peers in the G-10 lures investors, even as risks of economic damage grow.
Bangladesh’s main opposition group kicked off an anti-government protest calling for Prime Minister Sheikh Hasina to step down to ensure free and fair elections in January, coinciding with the visit of a top US human rights official.
Democrats moved toward a majority at the Federal Communications Commission, which would give them power to set rules on broadband providers, as a Senate committee approved longtime federal official Anna Gomez for a seat on the agency.
Broadcom Inc. is moving closer to selling a potential jumbo investment-grade bond after scoring approval from the European Union’s merger officials for its $61 billion acquisition of VMWare Inc.