NewsWhore
03-25-2009, 07:00 AM
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Citic Pacific Has $1.64 Billion Loss on Currency Bets (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DajF6WcUr65T0%26refer%3Dasia&cid=1320185481&ei=6w_KSdeBO8ipmQfUnbCnDw&usg=AFQjCNF3quFZ_gxZnGamBQwHbblGpGysKQ)
Bloomberg
Chairman Larry Yung secured $1.5 billion of state aid after the biggest currency derivative loss by a Chinese company. The company said today it’s financially secure, even as dwindling demand for steel and air travel further eroded earnings. ...
More... (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DajF6WcUr65T0%26refer%3Dasia&cid=1320185481&ei=6w_KSdeBO8ipmQfUnbCnDw&usg=AFQjCNF3quFZ_gxZnGamBQwHbblGpGysKQ)
Citic Pacific Has $1.64 Billion Loss on Currency Bets (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DajF6WcUr65T0%26refer%3Dasia&cid=1320185481&ei=6w_KSdeBO8ipmQfUnbCnDw&usg=AFQjCNF3quFZ_gxZnGamBQwHbblGpGysKQ)
Bloomberg
Chairman Larry Yung secured $1.5 billion of state aid after the biggest currency derivative loss by a Chinese company. The company said today it’s financially secure, even as dwindling demand for steel and air travel further eroded earnings. ...
More... (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DajF6WcUr65T0%26refer%3Dasia&cid=1320185481&ei=6w_KSdeBO8ipmQfUnbCnDw&usg=AFQjCNF3quFZ_gxZnGamBQwHbblGpGysKQ)