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FRANKFURT Switzerland’s central bank on Thursday left the minimum euro-Swiss franc unchanged at 1.20 Swiss francs and reiterated that it will “continue to enforce it with the utmost determination.” The SNB said it remained committed to buying foreign currency in “unlimited quantitities” to defend the floor, which was imposed last year in order to halt the rise of the Swiss franc. Some economists had looked for the Swiss National Bank to hike the floor to around CHF1.22. “The Swiss franc is still high and is weighing on the Swiss economy,” the SNB said in a statement. The euro traded at [...]

Mercedes-Benz is recalling all-season accessory floor mats sold in model year 2012 and 2013 ML-Class vehicles because they could cause the car’s gas pedal to get stuck. Mercedes said Saturday that the mats may not conform to the contours of the car’s floor. As a result, the gas pedal may not fully retract after the driver stops applying pressure, and the car may not slow down as expected. The company is advising ML-Class owners to remove the accessory floor mats. A spokesman for Mercedes-Benz says the company is not aware of any crashes or injuries caused by the floor mat [...]