As the clouds roll in, a leisurely round of golf can become a terrifying dice with death—out in the open, a lone golfer may be a lightning bolt's most inviting target.

In reality, the target rate is a ceiling, not a floor; if you turn the cross-rate round, the Swiss want the franc to be worth no more than 83.33 euro cents.

UBS reported a sharp decline in quarterly profit, issued a warning that it would probably miss its earnings target for the year and embarked on another round of job cuts.