ECONOMIES Europe

Financial authorities in Switzerland, the US and the UK on Wednesday announced they had slapped Swiss banking giant UBS with penalties totalling 774 million francs ($802 million) to settle allegations of foreign exchange rigging

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ECONOMIES Europe

The Swiss franc dipped against other currencies, including the euro and the dollar, on Wednesday after a representative of the central bank of Switzerland said it is prepared to introduce negative interest rates to restrain the currency.

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