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  • China growth faces currency dilemma-thinktank economist 22 Nov 2009 10:32 GMT
    ... said, warning of a deepening dilemma facing currency policy. Yu Bin, head of macro-economic research ... faced risks if the dollar continues to depreciate against other major currencies, and from pressure to let the yuan ...

  • Gold currency eroded by central banking abuse 22 Nov 2009 05:13 GMT
    ... supra-governmental discipline of a gold- and silver-based currency and its replacement by a politically based paper ... future generations in huge debts and covertly depreciating the U.S. dollar, the most pernicious and ...

  • Merrill Lynch & Co., Inc. Q3 2008 Earnings Call Transcript 22 Nov 2009 00:52 GMT
    ... basis. Our Trading businesses our Rates and Currency business did well in this environment on ... in the quarter. As strong rates and currencies and solid performance in commodities were more ... the second quarter despite the continued market depreciation and persistent market volatility. However, pre-tax earnings ...

  • Where the Wild Things Are (Portfolio Edition) 22 Nov 2009 09:53 GMT
    ... with the yen versus the euro. A currency carry trade is a strategy in which an ... the China Banking Regulatory Commission." "The continuous depreciation in the dollar, and the U.S. government's ...

  • Second (Or Third) Stimulus? Stop the Madness - Now 22 Nov 2009 10:16 GMT
    ... U.S.-based assets in order to prevent their currency from appreciating. This has caused a huge rise ... – and they lead to inflation, currency depreciation and lower standards of living. This is ...



  • Government Debt Default, How (Not If) Will it Happen 21 Nov 2009 15:32 GMT
    ... governments have artificially overvalued their own national currencies. There are five fundamental issues in every ... an impossibility: that all depositors can withdraw currency at the same time, even though the ... risk of non-payment 3. The inflation premium (depreciated money) Fractional reserve banking rests on an ...

  • Weakening dollar provides new opportunity amid adversity 21 Nov 2009 14:52 GMT
    ... Monetary Fund, talks of a new global currency dominating the world in a decade's time. ... World War II. In Europe, the dollar's depreciation is often presented as a threat. But ... of dollars and into one or several currencies. It may not happen immediately, but it ...

  • Gold's Bull Run Is Only Beginning 21 Nov 2009 04:31 GMT
    ... Because the US$ is the world reserve currency, which makes it the support for all other paper currencies. The US$ is also what is known ... you'd traded a few of your rapidly depreciating Federal Reserve Notes for a bit of ...

  • Woodward Reports Fourth Quarter and Fiscal Year 2009 Results 21 Nov 2009 18:01 GMT
    ... in the fiscal 2008 fourth quarter. Foreign currency exchange rates had a negative impact on net ... 11,032 $ 12,999 $ 28,947 $ 37,516 Depreciation expense 9,931 6,704 37,828 28,620 ========= ========= ...

  • Northern Offshore Reports Third Quarter and Nine Month 2009 Financial Results 21 Nov 2009 16:30 GMT
    ... the jackup fleet in the 2009 quarter. Depreciation expense decreased as compared to the prior-year ... fees 1,190 1,191 Realized gain on foreign currency (652) - Interest, net (362) 1,424 ---- ----- ...

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  • What Is Money? Part 17: Conclusion 21 Nov 2009 18:53 GMT
    ... an impossibility: that all depositors can withdraw currency at the same time, even though the money ... risk of non-payment 3. The inflation premium (depreciated money) Fractional reserve banking rests on an ...

  • NetEase.com Reports Third Quarter 2009 Unaudited Financial Results 21 Nov 2009 15:11 GMT
    ... NetEase.com, Inc. , one of China's leading Internet ... World of Warcraft, mainly comprising of server depreciation charges, custody fees and royalties, which was ... of the Renminbi with respect to other currencies could adversely affect NetEase's business and financial ...

  • The Unintended Consequences of the Federal Reserve's Low Interest Rate Policy 21 Nov 2009 16:13 GMT
    ... with the yen versus the euro. A currency carry trade is a strategy in which an ... the China Banking Regulatory Commission." "The continuous depreciation in the dollar, and the U.S. government's ...

  • Gold option bets point to $1200 early next year 21 Nov 2009 20:35 GMT
    ... NEW YORK, Nov 20 (Reuters) - Option traders are ... as gold prospered as a hedge against depreciating paper currencies during the nascent economic recovery. "There are ...

  • Electronic Game Card, Inc. Files 10-Q for Period Ending September 30, 2009 21 Nov 2009 00:10 GMT
    ... Furniture and fixtures 1,118 1,017 Less accumulated depreciation (125,088) (106,398) -------- -------- Net property, plant ... $5,574,302 $4,464,597 Other comprehensive (loss) gain: Foreign currency translation loss (231,331) (28,947) (100,881) (148,015) Unrealized profit ...

  • Cordy Announces 2009 Third Quarter Results 21 Nov 2009 01:10 GMT
    ... of debt. (2) Earnings before interest, taxes, depreciation, amortization and impairment and stock-based compensation ("EBITDAS"). ... acquisitions, access to capital markets, interest and currency exchange rates, technological developments, political and economic conditions, ...

  • OPTI Canada Announces Closing of Previously Announced Financing, Foreign Exchange Hedge Update and New Corporate Presentation 21 Nov 2009 03:11 GMT
    ... of indebtedness to earnings before interest, tax, depreciation and amortization (EBITDA). OPTI currently has US$875 ... PSC(TM) output of the OrCrude(TM) Upgrader; foreign currency exchange rates and hedging risks; government regulations and ...

  • Averting currency disaster 16 Nov 2009 20:33 GMT
    ... That helps both their economies and employment. Currency depreciation also fuels inflation and I have long ... options. So up to a point depreciating currencies assists the healing process in both countries. ...

  • The dollar's days as the world's reserve currency are far from over 18 Nov 2009 23:14 GMT
    ... The dollar’s days as the world’s reserve currency are far from over WORRIES about the ... own currency, and wins when the dollar depreciates, since its assets are mainly in foreign ... is a system with several competing reserve currencies. Over time, the euro and China’s yuan ...

  • China's currency: A yuan-sided argument 18 Nov 2009 23:14 GMT
    ... China resists foreign demands to revalue its currency PRESIDENT Barack Obama, on his first visit ... by the sickly dollar, while many other currencies have soared. Since March the Brazilian real ... you ask others to appreciate while you depreciate your own currency,” said a spokesman for ...

  • Why China resists foreign demands to revalue its currency 19 Nov 2009 23:11 GMT
    ... China resists foreign demands to revalue its currency PRESIDENT BARACK OBAMA, on his first visit ... by the sickly dollar, while many other currencies have soared. Since March the Brazilian real ... you ask others to appreciate while you depreciate your own currency...It’s also unfair,” said a ...

  • Japan retail investors seek funds in high-yield currencies 18 Nov 2009 07:12 GMT
    ... are taking on more exposure to foreign currency-linked mutual funds, mainly in Brazil -- this ... exchange losses should the currency they choose depreciate. Brazil's benchmark Bovespa stock index <.BVSP> has ... in a fund, which usually includes high-yielding currencies such as the Australian dollar UD=> and ...

  • Borrowing and Paying Back in a Foreign Currency 18 Nov 2009 05:12 GMT
    ... capital flows can reverse just as quickly. Currency traders probably love this because of the ... DOES sound familiar). When the local currency depreciates against the one in which you've borrowed, ... percentage of your borrowing denominated in foreign currencies is dangerous. But the larger your demands ...

  • Impasse on China Currency Policy Shadows Global Economic Recovery 19 Nov 2009 01:59 GMT
    ... Beijing centered on highly technical matters of currency valuation and import-export policy. Beyond the arcane ... to independent market forces, as other major currencies do. China's policy of mandating a set ... "We know under the current environment that depreciation is not possible." Twice a year, a ...

  • GDP Forecasts Revised Higher and Gold Boosted by Negative Returns in All Currencies 17 Nov 2009 01:31 GMT
    ... and buying higher-yielding assets denominated in foreign currencies. Some have suggested that this dollar-carry trade ... fact that the U.S. dollar has been depreciating on a trade-weighted basis in recent months, ... return on their short-term investments in major currency markets, they historically have turned to gold. ...


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