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View Full Version : Jailed Billionaires Show New Face of China as Markets Unravel - Bloomberg



NewsWhore
02-24-2009, 04:32 AM
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Jailed Billionaires Show New Face of China as Markets Unravel (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601109%26sid%3Da3ZipCygZpsk%26refer%3Dhome&cid=1307703839&ei=Ir-jSYKEFYvcMYrmjdUL&usg=AFQjCNFcX0YLJ-EWNXh2YSnIFgqAeT2zHw)
Bloomberg
In July, when the Australian dollar was trading near a 25- year high against the US currency, Citic Pacific bet it would continue to rise. Using derivatives contracts known as accumulators, the company wanted to minimize its currency exposure resulting ...


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