Swiss ADRs Rise as Franc Surges
January 15, 2015 at 09:40 AM EST
U.S.-listed shares of some big Swiss companies were rising Thursday morning as a surprise move by the Switzerland’s central bank sent stocks there reeling and the Swiss franc soared against the euro and he U.S. dollar. The Swiss National Bank ditched a three-year-old cap against the euro and then immediately introduced negative interest rates on [...]