Understand that the performance for Morgan's index is a total return, net of all expropriations and currency crises.
Chief Executive Charles Li is refocusing HKEx to take advantage of expectations that China will become a net exporter of capital as currency restrictions are relaxed, with growing commodities and fixed-income products to diversify away from low-margin cash equities.
Favored by a weak dollar, Deere benefited from a 6% favorable currency translation move, while net equipment sales grew 10%.
FORBES: Deere Bets On Stronger Agricultural Markets In US-Europe Than In S. America
The UK was really the only economy to offer investors any type of positive currency related news today as net lending to individuals in Britain blew past expectations to grow by 1.5 billion pounds in May.
Low net worth individuals owning a high proportion of foreign currency assets would likely need to sell some of these assets if their cash deposit holdings (in Japan) did not cover their (immediate) needs.
But, unlike eurozone nations, Croatia does not have the bailout safety net which has been tapped by ailing countries in the common currency.
Net revenues from online operations grew 31% on a constant currency basis to 410m euros, with particularly strong growth in mobile, up 185% to 129m euros.
Since the mechanism of a currency transactions levy is supposed to be based on taxing the net position of foreign exchange transactions, it could represent a restriction of the free movement of capital and payments (Article 63 TFEU).
The Miami-based company issued guidance of a 2% to 3% net revenue increase for the full year, but given the shift in currency exchange rates, Carnival expects revenue yields on a current dollar basis to be flat for fiscal 2010 compared to 2009.
Excluding the effect of translating foreign-currency-denominated sales into U.S. dollars, worldwide net sales increased 24 percent and comparable store sales rose 22 percent.
FORBES: Tiffany Q2 Sales Up 30%, Same Store Sales Up 22%, Raises Earnings Forecast
Olympus's net loss narrowed as a weaker yen boosted the value of its foreign-currency assets, though soft digital-camera sales still hurt its bottom line.
On a constant-exchange-rate basis excluding the effect of translating foreign-currency-denominated sales into U.S. dollars, worldwide net sales rose 6 percent and same store sales increased 4 percent.
FORBES: Tiffany Worldwide Holiday Sales Up 7% Led by Growth in Asia
On a constant-exchange-rate basis, which excludes the effect of translating foreign-currency-denominated sales into U.S. dollars, worldwide net sales and comparable store sales increased 16 percent and 15 percent, respectively, the New York-based luxury jewelry retailer said.
On a constant-exchange-rate basis that excludes the effect of translating foreign-currency-denominated sales into U.S. dollars, worldwide net sales rose 5 percent, for the period ended Jan. 31, due to growth in all regions and comparable store sales equaled the prior year.
Comparable store sales increased 15% in Europe and Asia during the holidays, and with currency exchanges, the company still reported a 10% increase in net sales and an 8% increase in same-store sales, prompting the company to raise its guidance to include the unexpected consumer jump back into the luxury market.
The Bank of Korea's surprise rate cut decision on Thursday indicates that South Korea, whose net exports represent nearly 60% of its gross domestic product, has joined the global currency war.
Marc Chandler, head of currency strategy with Brown Brothers Harriman, pointed out that large speculators hold a record net-short position in euro futures.
FORBES: Currency Strategists: Euro Remains Vulnerable But Likely To Survive
And, in history, if you take out 15% of the months that exist, that have come in six or seven spurts depending on which country you're in, what currency you're in effectively, the cumulative rest of history gold has been a net money loser.
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