Original version

BBC World Service Online

World Business Report

Factual: Money

The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

World Business Report: Swiss Franc Soars as Cap Against Euro Removed

15/01/2015

Swiss Franc Soars as Cap Against Euro Removed

BBC World Service - World Business Report, Swiss Franc Soars as Cap Against Euro Removed

Swiss franc soars after the cap on the currency's value against the euro is scrapped

The Swiss franc soars after the cap on the currency's value against the euro is removed. And, the owner of the legendary Caesars Palace Casino in Las Vegas files for bankruptcy.

The Swiss franc soared after the central bank removed the cap on its value against the euro. The Swiss National Bank also increased the amount investors have to pay to lend to the government. What will negative interest rates on bonds mean for people's pensions. 

The central bank in India also made a surprise move on Thursday. The Reserve Bank of India cut its key interest rate from 8% to 7.75%. The Indian government, led by new prime minister Narendra Modi, has been trying to revive an economy beset by high unemployment and rising costs of food and fuel.

And, the owner of the legendary Caesars Palace Casino in Las Vegas has filed for bankruptcy.

Accessibility links

Programme Index

World Business Report

Swiss Franc Soars as Cap Against Euro Removed

Genres

Brand

BBC World Service Online

About BBC World Service