Tweet Link this Share this By Katie Reid and Caroline Copley ZURICH (Reuters) – Switzerlands biggest political party on Friday piled fresh pressure on the embattled head of the countrys central bank to quit over a currency trade scandal. Politicians and media said Philipp… Email Print

After gaining for much of the start of 2011, the local unit has faced some pressure in the past two sessions. Aside from hitting the Australian dollar, the renewed European concerns weighed on equities across the world and lifted bond prices, particularly in Europe. The sentiment surrounding Europe offset two strong lead-ins to todays non-farm [...]

Irans currency, the rial, has plummeted to its lowest value against the dollar in more than two decades after President Obama signed legislation last Saturday targeting Irans Central Bank. The rial dropped almost 30 per cent in two days, hitting exchange rates as low as 17,800 rials per dollar on Monday as Iranians rushed to [...]

Valeant Pharmaceuticals International said on Friday that exchange rate fluctuations were hitting its results more than expected and announced its outlook for 2012. The Canadian drugmaker forecast cash earnings of $3.95 to $4.20 a share in 2012, on revenue of $3.1-billion to $3.4-billion. Analysts, on average, expected earnings of $3.84 a share on revenue of [...]