Swiss currency shock: blame the bank in Frankfurt not Zurich

Another day, another bout of extreme market turbulence. The last cue for mayhem has been the decision by the Swiss National Bank to abandon its attempts to prevent the franc from appreciating against the euro.

Why Excessively Low Inflation Can Damage Economies

In explaining its surprise move Friday to inject more stimulus into the financial system, the Bank of Japan cited one main factor: Prices that are too low.

Ruble Weakens to Record on Concern Russia to Expedite Free Float

The ruble weakened to a record for the fifth day on concern Russia will quicken its move to a free float after more than $20 billion of currency interventions this month failed to halt the depreciation.

George Osborne boosts funding for lending scheme before IMF visit

George Osborne will announce an expansion of the Bank of England's £80bn funding for lending scheme (FLS) ahead of a visit to Britain by the International Monetary Fund next month, as he seeks to head off calls for a softening of government austerity plans.

ECB's Draghi Says Bond-Buying Program Is Ready

KRANJ, Slovenia—European Central Bank President Mario Draghi on Thursday said the bank's new bond-buying program is ready to activate, and put the onus on vulnerable countries such as Spain to first seek and receive assistance from other euro-zone governments.

Bernanke Seeks Gains for Stocks in Push for Jobs: Economy

Chairman Ben S. Bernanke is increasingly aiming for gains in stock prices as the Federal Reserve reaches for new tools to spur the three-year recovery and reduce unemployment stuck above 8 percent.

Juncker: Euro zone leaders, ECB to act on euro - paper

(Reuters) - The euro zone is at a decisive point and leaders will work with the European Central Bank (ECB) to demonstrate their commitment to the stability of the single currency, Eurogroup head Jean-Claude Juncker said in interviews with European newspapers.