Bloomberg After a blistering rally of 34% from this year’s record low against the dollar, Norway’s krone may be running low on steam. The Scandinavian currency completed a second weekly loss versus both the greenback and euro, in step with declines in the price of oil — Norway’s top export. Furthermore, krone gains in recent months were fuelled in part ...

Bloomberg President Christine Lagarde said the recent appreciation of the euro has partly offset the positive impact that the European Central Bank’s (ECB) stimulus had in boosting inflation and reiterated that policy makers stand ready to adjust all of their instruments if needed. The Governing Council will carefully assess all the information coming from the euro-area economy, including developments in ...

Bloomberg The chairmen of UBS Group AG and Credit Suisse Group AG are exploring a potential merger to create one of Europe’s largest banks, Inside Paradeplatz reported. The project, nicknamed Signal, is driven by UBS Chairman Axel Weber, who is working on it with his counterpart at Credit Suisse, Urs Rohner, the blog said. Weber has discussed the idea with ...