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  • November 1, 2014
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Results 1 - 10 of 27 for currency

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  1. Business - China Business - EARNINGS

    China slowdown contributes to Unilever's 2 per cent drop in sales

    Posted Oct 24th 2014, 04:19am by AFP

    ... Agence France-Presse in The Hague Unilever sales affected by slowdown in China Dutch food and cosmetics giant Unilever posted a 2 per cent drop in third-quarter sales yesterday, blaming a slowdown in emerging markets, particularly China. Turnover dropped to €12.2 billion (HK$121.3 billion), also weighed down by a negative currency impact of 2.6 per cent, it said. "Market growth ...

  2. Business - Companies - EARNINGS

    Currency gains help avert loss for China Southern

    Posted Aug 27th 2013, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com With stronger yuan cutting debt, carrier stays in profit after tough first half hit by overcapacity Currency gains help avert loss for China Southern ... currency. The strong yuan helped to cut its US dollar-denominated debt, translating into a paper gain. Analysts said falling passenger demand on the mainland, especially in the second quarter, ...

  3. Business - Companies - EARNINGS

    Currency gains help keep Air China in the black

    Posted Aug 28th 2013, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Currency gains help keep Air China in the black Yuan appreciation has continued to help mainland carriers stay afloat, with Air China yesterday reporting a 9.7 per cent increase in first-half net profit to 1.14 billion yuan (HK$1.43 billion). The Beijing-based carrier could only break even in its core business thanks to the 1.1 billion yuan ...

  4. Business - China Business - EARNINGS

    China Eastern profit plunges 98pc as China Southern posts 1b yuan loss

    Posted Aug 30th 2014, 01:29am by SIJIA JIANG

    ... and Xinjiang routes. Mainland airlines are prone to currency risks as they have yuan-based revenue and dollar-based debt for their aircraft purchases and leases. China Eastern said it had interest-bearing foreign currency debt equal to 66.71 billion yuan at the end of June, 96.2 per cent of which was in US dollars. "As a result, large fluctuations in the exchange rate caused large ...

  5. Business - China Business - EARNINGS

    China's airlines hit hard by weaker yuan

    Posted Jul 17th 2014, 01:22am by SIJIA JIANG

    ... the airlines were hedging against currency risks but there was also a lack of instruments for them to hedge against such losses incurred by currency fluctuations. "Whether the airlines ... not break down their debts by currency, reported debts of 104.3 billion yuan and 111.5 billion yuan, respectively. Given their liabilities are mostly in dollars, small changes in the exchange rate ...

  6. Business - China Business - EARNINGS

    ZTE gears up for increase in 4G projects in second half

    Posted Aug 21st 2014, 01:28am by BIEN PEREZ

    ... that are likely to support expansion efforts in sales of network equipment, mobile devices, telecommunications software, services and other products. Nine mainland banks are being eyed for local currency ...

  7. Business - Companies - EARNINGS

    Fashion retailer IT sees profits plunge over Hong Kong slump

    Posted May 23rd 2014, 12:51am by TIFFANY AP

    ... growing 16.3 per cent to HK$2.17 billion. Japanese sales increased 5.5 per cent in local currency but were offset by the weakening of the yen. ...

  8. Business - Banking & Finance - EARNINGS

    ICBC profit climbs 10.2 per cent on fees, high net interest margins

    Posted Mar 28th 2014, 01:40am by Zhang Hong

    ... currency. The bank acknowledged though that there will be challenges ahead. "[We] reinforced liquidity management and interest rate pricing management, strived to control liability costs ...

  9. Business - China Business - EARNINGS

    Shift in business focus pays off for Haitong International Securities

    Posted Mar 05th 2014, 01:38am by Ray Chan

    ... growth in its structured financing and fixed income, currencies and commodities (FICC) units. "The firm is undergoing an orderly, swift transformation, where we have shifted our focus ...

  10. Business - Banking & Finance - EARNINGS

    Standard Chartered bank expects high single digit growth

    Posted Dec 07th 2012, 12:00am by Bloomberg

    ... Bloomberg British bank giant says headwind from currency moves weakening and plans to hire more staff StanChart expects high single digit revenue growth Standard Chartered expects ... Richard Meddings warned that the bank might miss its earlier growth target of at least 10 per cent. The "headwind" from currency moves was decreasing, Standard Chartered- which ...




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