Switzerland Defends Franc With Cash Reserve Boost

Aug. 7 (Bloomberg) -- Bloomberg's Sara Eisen reports that the Swiss central bank’s foreign-currency reserves surged to a record in July as the euro region’s increasing turmoil forced policy makers to step up their defense of the franc ceiling. Switzerland’s cash pile swelled 11.3 percent in the month, pushing holdings to 71 percent of gross domestic product. She speaks on Bloomberg Television's "In The Loop."
How Driverless Cars Are Disrupting the Insurance Industry
12:56 - The advent of driverless vehicles may be a game-changer for insurers. The need to address legal issues, such as third-party liability in the event of an accident, is becoming more pressing. Bloomberg's Noah Buhayar has more on "Bloomberg Markets." (Source: Bloomberg)
  • T-Mobile Can Partner for Streaming Video If Needed: CFO
  • SoulCycle Files for IPO via Goldman, BofA, Citi
  • Will the Fed Raise Interest Rates in September?