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World Business Report

BBC World Service

Business, Business News, News & Politics

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Business News 34

The latest business and finance news from around the world from the BBC

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WBR: Swiss stun global markets 15 Jan 15

January 15th, 2015

Episode 169 of 892 episodes

The Swiss franc has soared after the central bank removed the cap on its value against the euro. The Swiss National Bank also increased the amount investors have to pay to lend to the government. We hear shock from Switzerland and beyond about the move and we discuss why people are now paying some European governments for the privilege of lending to them. Also India's central bank cut its rates in another surprise move - we ask if it'll help consumers. And the owner of the legendary Caesars Palace Casino in Las Vegas has filed for bankruptcy.

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