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The Swiss Surprise

The Swiss National Bank (SNB) abandoned the CHF1.2000/EUR minimum exchange rate on the euro on January 15, and dropped the deposit rate to -0.75% from -0.25% and its 3-month LIBOR target range to -1....

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France Terror Attacks: Initial Thoughts

Details about the terror attack against French satirical magazine Charlie Hebdo are still emerging, and no doubt we will hear more about the perpetrators and their motivations over the coming days....

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OPEC's Decision: Global Implications

Our expectation that OPEC would coordinate modest cuts in production has not played out, with the group deciding to maintain the 30mn b/d ceiling and let the markets take their course. Our risk...

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Putin Facing Greater Risks From MH17

Russian President Vladimir Putin's hitherto 'successful' efforts to destabilise Ukraine have now – following the destruction of flight MH17 – had much greater consequences than could have been...

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Ukraine On The Brink

The situation in Ukraine is worsening, amid reports of dozens of people having been killed in clashes between security forces and protestors. The three-month old uprising appears to be reaching a...

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