The Swiss franc rocketed beyond parity with the euro on Thursday after Switzerland’s central bank stunned markets by scrapping its long-standing cap on the strength of the currency. Photo: Getty Images
When ECB chief Mario Draghi complained Saturday that the strong euro is depressing the price of imported goods, feeding deflation and hurting weaker euro-zone countries, the market impact has been virtually indiscernible. Michael Casey joins MoneyBeat. Photo: AP.
A month after a firestorm erupted over Newsweek’s claim that it “unmasked” the creator of bitcoin, a U.K. university has released a new study that points to a different candidate. Michael Casey joins MoneyBeat.