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Showing 591 - 600 of 1382 results for "franc"

ANZ Australia CEO steps down, replacement announced

LAURA MILLAN  |  MONDAY, 16 FEB 2015
ANZ Australia chief executive Philip Chronican has stepped down to pursue a non-executive career after 32 years in banking. ANZ managing director of global commercial banking Mark Whelan will take over Chronican's role, effective April 3, 2015, and ...

Market Wrap AM

AAP  |  TUESDAY, 10 FEB 2015
The Australian market looks set to open lower following a weak lead from Wall Street amid growing concerns of a Greek debt default. At 0828 AEDT on Tuesday, the March share price index futures contract was down seven points at 5,753. In a rousing policy ...

Economists divided over Europe growth

LAURA MILLAN  |  FRIDAY, 30 JAN 2015
Is Europe "dead in the water" or is it going to follow the growth trend in the United States in only two years? Economists at the Financial Standard Chief Economist Forum expressed different views on the future of the old continent. "They are dead in ...

Central bank surprises

BENJAMIN ONG  |  THURSDAY, 22 JAN 2015
... vehement assurance that SNB Vice President Jean-Pierre Danthine gave only two days prior to his bank's dismantling of the franc/euro peg? "We're convinced that the cap on the franc must remain the pillar of our monetary policy." Then there's the Bank ...

Market Wrap AM

AAP  |  WEDNESDAY, 21 JAN 2015
... unbacked client losses sustained after the Swiss National Bank's unexpected decision Thursday to abandon the cap on the franc-euro rate. But since then details of Leucadia's deal suggested FXCM shareholders could still end up with little if Leucadia ...

So sure it's certain

BENJAMIN ONG  |  MONDAY, 19 JAN 2015
... that it bet its house when it removed the CHF1.20 per euro ceiling last week. The resulting sharp appreciation of the Swiss franc to CHF0.9943 (currently), puts the Swiss chalet in danger of a collapse in exports (which accounts for almost 70% of their ...

Market Wrap AM

AAP  |  MONDAY, 19 JAN 2015
... cent, still reeling from the Swiss National Bank (SNB) abruptly ending Thursday its policy to hold down the value of the franc, which saw the currency soar. The SNB came under fire Friday for its surprise withdrawal of the floor of 1.20 francs to the ...

Market wrap

AAP  |  FRIDAY, 16 JAN 2015
... surprise move by the Swiss central bank to strengthen its currency. "We're all digesting the shock of the moves in the Swiss franc overnight - that's the talk of all the trading desks," CMC Markets market strategist Michael McCarthy said. "But I think ...

SNB dismantles defense

BENJAMIN ONG  |  FRIDAY, 16 JAN 2015
... bank would no longer hold the 1.20 line versus the single currency. The currency market's reaction was swift - the Swiss franc soared by as much as 41% vis-A -vis the euro to 85.17 centimes - the highest level since the introduction of the euro -- before ...

Market Wrap AM

AAP  |  FRIDAY, 5 DEC 2014
The Australian market looks set to open flat after Wall Street fluctuated, not moving far from its previous records after the ECB stopped short of announcing new stimulus measures. At 0848 AEST on Friday, the December share price index futures contract ...