Swiss Franc Soars as Cap Against Euro Removed

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The Swiss franc 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. What will negative interest rates on bonds mean for people's pensions. The central bank in India also made a surprise move on Thursday. The Reserve Bank of India cut its key interest rate from 8% to 7.75%. The Indian government, led by new prime minister Narendra Modi, has been trying to revive an economy beset by high unemployment and rising costs of food and fuel. And, the owner of the legendary Caesars Palace Casino in Las Vegas has filed for bankruptcy.