Swiss National Bank keeps its franc ceiling of 1.20. The Swiss National Bank (SNB) will maintain the franc ceiling of 1. 20 against the euro. The SNB imposed the ceiling on the franc in September of 2011 which allowed it to stockpile foreign-currency reserves that is equivalent to 75% of Switzerland's annual economic output.
Deals
China companies want Hong Kong IPO before new regulations for sponsor banks kick in
Several mainland China retailers stated that they want their listing done in Hong Kong before October.
CVC Capital puts up EUR10.5 billion for a European buyout fund
CVC Capital announced that they've accepted up to EUR10.25 billion in investments and that a further EUR250 million was in the works to be accepted.
Bruno Wu and Thomas Middelhoff to create an international media and investment firm
Bruno Wu and Thomas Middelhoff stated that they have combined assets with revenues of around US$2 billion to create a media and alternative investment firm.
IFC defies bearishness in Brazil, invests US$2 billion
The IFC had invested US$2 billion in Brazil amid sluggish economic growth and large demonstrations in the country.
Latest News
Bank of Canada will keep its targets of keeping rates low. The Bank Canada will stick to its targets in terms of keeping rates low despite talks of economic weakness during the G20 meetings in Moscow, Governor Stephen Poloz told reporters on Saturday.
Hong Kong's richest man Li Ka-shing is reportedly considering putting up for sale the ParknShop chain for US $2 billion.
German opposition leader slammed Chancellor Merkel for not telling taxpayers that they will not be "excluded in any way" if the writeoffs continue.
VF Corp. drops its bid to acquire Billabong, Australia's most popular surfing brand, saying that the asking price was too much.
China discards lending rates to allow financing institutions more freedom in packaging their lending rates.
The German government may be divesting its interest in Germany's second largest lender within the year.
Dell Inc.'s stocks fell at US $12.88 on Wednesday, the lowest since July 5.
Dell Inc. stocks dropped to the lowest level on Wednesday since July 5.
A Samsung-FBI deal was coming to an emminent close, said sources. Samsung neared the closing of a deal with the US Federal Bureau of Investigation (FBI).
The shares of General Electric have reached its highest level since the financial crisis of 2008. General Electric (GE) shares were at their highest level since 2008.
