- China Focus: China's yuan exceeds symbolic 6.50 ratio against USD for first time
The Renminbi (RMB), China's official currency, went up 61 basis points on Friday to a new ratio of 6.4990 yuan per U.S. dollar, breaking the symbolic 6.50 ratio for the first time after being preceded by historic highs in the previous two days.
Quickening depreciation of the U.S. dollar is the key reason behind the yuan's accelerated appreciation, said financial expert Tan Yaling.
Analysts believe the new exchange rate will help fight imported inflation. China's Consumer Price Index (CPI) ... 人民元は、（元）、中国の公式通貨、前の2つの日の歴史的な高値で先行された後、初めてのシンボリック6.50比を破って、米国ドル。。u003d 6.4990元の新しい比率金曜日61ベーシスポイント上昇した
- Denmark's energy giant reports 59 percent profit growth in 2010
DONG Energy, Denmark's biggest energy producing and trading company, has seen its 2010 pre-tax profit rise 59 percent from the previous year, the company announced Friday.
The company said its increased gas sales, higher electricity generation, lower operating costs, as well as rising global energy prices, lead to the result.
In its Annual Report 2010, DONG Energy said its earnings before interest, tax, depreciation and amortisations (EBITDA) stands at 14.09 billion Danish kron ... ドンエネルギーは、デンマーク最大のエネルギー生産と貿易会社、2010年の税引前利益の上昇、前年から59％を見ている、同社が発表した
- US Fed's QE2 affects RMB's internationalization
RMB may face a roadblock on its way to internationalization. Since the US Federal Reserve's second round of quantitative easing, the US dollar has been on the fast track to depreciation this month. And it's not just the greenback going down.
After the Federal Reserve decided to essentially print money in QE2, many currencies have strengthened against the greenback. Its effect on the value of the Chinese yuan hasn't been especially great, but it has been affected in other ways.
Expe ... 人民元は、国際化への道の障害に直面する可能性があります
- Profit fell 50 per cent last year, Unicom says
China Unicom (Hong Kong), the mainland's second-largest wireless network operator, will report a drop in net profit of more than 50 per cent for last year owing to rising depreciation and marketing costs.
- Fitch's Spain downgrade casts more shadow on Europe's economic outlook
Amid skepticism over the European Union's ability to clamp down the debt crisis and keep it from spreading to other weaker economies, U.S. markets rattled as global rating agency Fitch cut Spain's credit rating to AA+ from AAA on Friday.
The move not only rekindled the uncertainties that caused the euro depreciation early this month, but also activated the jitters over Europe's debt woes.
Fitch Ratings downgraded on Friday Spain's credit status by one notch, saying its e ... 経済弱い他の中で懐疑的な見方は、欧州を取り締まるにEUの能力に広がってからそれを維持する債務危機と、米国市場は金曜日にガタガタグローバルな評価AAAに単3形+からカット機関フィッチはのスペイン評価を信用
- Foxconn Int'l warns of widened H1 losses
Foxconn International Holdings Ltd., the world's biggest contract manufacturer of mobile-phones, warned yesterday that the company will suffer increased losses in the first half of 2010.
Falling product prices, changes in product mix and higher depreciation expenses lead to higher losses compared with the previous year, company officials said without mentioning whether the hike of labor costs is a reason.
The company, which makes handsets for Nokia, Inc. and Motorola, reported a first-hal ... Foxconnのインターナショナルホールディングス株式会社は、契約メーカーの携帯電話の最大の世界、と警告した昨日に比べ損失に高いつながる高い減価償却費とミックス前半2010年の製品です
- In Brief
Singapore Telecommunications, Singapore's highest valued firm with a market capitalisation of S$46 billion (HK$251.82 billion), posted October-December underlying net profit of S$990 million, up from S$838 million a year ago. SingTel said it was its highest ever underlying profit. Its total global subscriber base grew 22.5 per cent to 284.75 million as of December. It maintained its outlook for low single-digit growth in earnings before interest, tax, depreciation and amortisation for its markets in Singapore and Australia. シンガポールテレコム、Sの時価総額は、シンガポールで最も高い評価会社46000000000ドル（香港251820000000ドル）、10月投稿- Sの12月の基礎となる純利益990000000ドル、最大Sから838000000ドル1年前
- China forecasts oil price: 70-80 USD per barrel in 2010
With rising demand for crude oil and inflation expectations, as well as the dollar depreciation and other factors, the international oil prices this year will be higher than last year, and the average price will be fluctuating around 80 U.S. dollars per barrel, according to a report recently released by National Development and Reform Commission (NDRC).
It is noteworthy that the China Petroleum and Chemical Industry Association (CPCIA) predicted in the last week that this year the average pr ... 原油とインフレ期待の高まりだけでなく、ドルの減価償却費及びその他の要因により、国際原油価格が、今年は昨年よりも平均価格が高くなる1バレル。。u003d 80ドル前後に応じて変動する最近、国家発展と改革委員会（NDRC）が発表したレポート