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Corning swings to loss on currency hedges Corning Inc. GLW, -1.69% said Tuesday it swung to a first-quarter loss, citing currency-hedging contracts, and backed its yearly sales target. The Corning, New York-based specialty glass and ceramics maker posted a quarterly loss of $589 million, or 72 cents a share, compared with a profit of $86 ...
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The truth about China's currency The United States and China are waging a trade war of words, where phrases like "coerced technology transfer" and "25 percent tariff" are tossed around but nothing actually happens. Another mostly empty phrase is "currency devaluation." China won't devalue the yuan against the dollar, for reasons ...
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Beijing Police Bust Counterfeit Currency Con Beijing police have arrested 19 suspects with ties to a counterfeit currency syndicate that used unlicensed taxis to swindle passengers, The Beijing News reported Tuesday. The ringleaders of the operation, two men surnamed Guo and Zhou, were found along with another unnamed man in possession ...
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Rupee loses ground in open market, SBP calls 'emergency' meeting KARACHI: Panic buying pushed the US dollar as high as Rs118.5 in the open market on Monday, its highest level during intra-day trading, prompting the central bank to call an emergency meeting of currency dealers as gap with the inter-bank rate widened. While dealers came to grips with high ...
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Want to contribute bitcoin to a political campaign? State ehics panel could decide if and how State political campaigns could have guidelines for accepting contributions via digital currencies such as bitcoin if a new request from the Libertarian Party of Wisconsin is approved. The state Ethics Commission will mull how to address such contributions at its Tuesday meeting. A public hearing also is ...
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