IMF’S LAGARDE: ‘ RESERVES JUDGEMENT ON PERTINENCE ON SWISS CURRENCY MOVE AS IT CAME AS A BIT OF A SURPRISE ‘

#AceFinanceNews – Jan.15: International Monetary Fund Managing Director Christine Lagarde said the Swiss central bank’s Thursday announcement that it would remove a 3-year-old cap of 1.20 francs per euro was "a bit of a surprise."

Lagarde, who spoke with CNBC on Thursday from the organization’s headquarters in Washington, D.C., said she had not been warned about the move ahead of time, which she found "a bit surprising."

Still, she said it was possible that Thomas Jordan, chairman of the Swiss National Bank’s governing board, may have reached out to someone else at the IMF.

She said she would "reserve judgement on the pertinence of the move" until she discusses it further with Jordan.

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USA: ‘ CAESARS SUBSIDIARY FILES CHAPTER 11 BANKRUPTCY PROTECTION IN CHICAGO ‘

#AceFinanceNews – CHICAGO: Jan.15: A subsidiary of casino giant Caesars Entertainment Corp. said Thursday that it has filed for Chapter 11 bankruptcy protection in Chicago in an effort to shed more than half of its $18.4 billion debt burden.

Caesar’s has been negotiating with creditors and lenders for months on a reorganization plan that would turn the division into a real estate investment trust, promising creditors cash or new debt.

The firm is still at odds with many of its creditors over the plan, the Wall Street Journal reports.

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