BLOOMBERG Switzerland’s central bank held interest rates at a record low and repeated its pledge to intervene in currency markets, a threat President Thomas Jordan has used to keep the franc from strengthening. Describing the nation’s currency as “significantly overvalued,” the Swiss National Bank kept its deposit rate at minus 0.75 percent on Thursday, as expected by all economists in ...

BLOOMBERG A newly discovered Russian-language hacker group known as Buhtrap has attacked 13 Russian banks since August using malware that infiltrates their gateway to the central bank, according to Moscow-based cybersecurity company Group-IB. The hackers spread the malware using infected e-mails that mimickedcorrespondence from the central bank and Gazprombank JSC, Group-IB said in a report Thursday. The program then targeted ...

Dubai / EMIRATES BUSINESS Despite global economic volatility over the past year, which contributed to multiple downward revisions for growth forecasts, investment appetite among UAE High Net Worth Individuals (HNWI) does not appear to be dented, with 61% confirming that they would most likely invest in their top target city during 2016, according to leading international real estate consultancy, Cluttons. ...