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3 |
Davos Disaster: From Grand Hotel to Big Bust in Six Months |
Jan 16, 2015 9:07 AM ET |
The Golden Egg, Davos’s newest luxurious hotel, was the place to be for the global elite at last year’s World Economic Forum, selling out all of its 216 rooms. On one evening, Israeli Prime Minister Benjamin Netanyahu and his wife dined at its restaurant, while Tony Blair was having a grappa in the bar with a colleague, according to General Manager Peter Pedersen. |
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4 |
Swiss Franc Roils Markets as SNB Abandons Cap |
Jan 15, 2015 5:31 PM ET |
The Swiss National Bank roiled markets worldwide with its unexpected decision to abandon the franc’s cap against the euro, knocking down what an official just two days ago reaffirmed as a pillar of policy. |
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7 |
U.S. Stocks Rise With Oil, Dollar; Europe Bonds Advance |
Jan 16, 2015 10:57 AM ET |
U.S. stocks climbed after five days of losses as energy shares rallied with the price of oil, overshadowing the effects from Switzerland abandoning the franc’s cap. Sovereign bonds gained across Europe and the dollar rose. |
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