Switzerland’s central bank was seen selling francs in Asian trading time on Friday, sending the euro leaping higher after it hit a 15-month low against the franc and helping it rise above an eight-month trough against the dollar. The euro has been under relentless selling pressure in the past month on concerns about sovereign debt [...]

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WASHINGTON: Democratic lawmakers introduced a bill Thursday that would slap a 50-per-cent tax on “excessive” bonuses paid to employees of bailed-out Wall Street banks and investment firms. “It is outrageous that these companies are now doling out millions of dollars in bonuses while the rest of America feels the pain of their reckless decisions,” said [...]

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NEW YORK: Wall Street shares plunged on Thursday as weak US data combined with heightened fears of debt problems in European Union countries sent shockwaves through the markets. The Dow Jones Industrial Average tumbled 268.37 points (2.61 percent) to end at 10,002.18, its lowest level since November, after a brief dip below 10,000 points. The [...]

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The January jobs report could turn the tide for markets Friday, but traders say there’s a lingering global risk aversion that won’t easily fade away. The government’s employment report was supposed to have been the story of the week. That was until markets around the globe started focusing on the idea that sovereign debt risk [...]

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