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Stocks higher ahead of key central bank meet

TOKYO / AFP European stock markets rose on Monday, with Frankfurt hitting levels above 10,000 points, following a strong start to the week across Asia as traders looked ahead to more central bank action. The Bank of Japan started a two-day meeting on Monday, while the Federal Reserve and Bank of England also gather this week to decide over the ...

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Swiss holds fire as Franc resists ECB for second time

BERN / Bloomberg For the second time in less than four months, the Swiss National Bank (SNB) president has seen the franc weaken rather than strengthen in the wake of new European Central Bank stimulus. That relief means Jordan and his fellow policy makers won’t cut rates on March 17, according to the majority of economists in a Bloomberg survey. ...

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Deutsche bank chiefs cite govt on mistrust issue

BERLIN / Bloomberg Chancellor Angela Merkel’s government is partly to blame for market mistrust in Deutsche Bank AG because it spearheaded implementation of new liability rules for bondholders in a law passed last year, the lender’s Co-Chief Executive Officers John Cryan and Juergen Fitschen told the Frankfurter Allgemeine Zeitung (FAZ). While the government has solved the problem of liability capital, ...

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