Word: currencyâ
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...Meanwhile, an appreciating currency???the yen hit a 13-year high against the dollar on Oct. 24?is hurting Japan?s exporters. This week, Honda cut its annual revenue forecast for the 2009 fiscal year to $5.2 billion, a 19% decline compared with FY2008 results. Sony announced that its profit dropped 72% in the first half of the year. Help may be on the way. But Aso must convince a divided Japanese parliament to pass his stimulus package amid growing skepticism that it will be too little, too late...
...Constantinople has been on trade routes since Byzantium. But Istanbul has experienced years of economic uncertainty, including Turkey's financial collapse in 2001, which analysts equate in severity to the U.S.'s Wall Street Crash of 1929. Fortunately, by 2005, inflation was brought into line and the Turkish currency???the lira?was revalued, offering a new stability...
...opportunity for vengeance occurs one afternoon when attention is drawn to a "gold seam"?a flood of currency???spilling out of Moscow and into Southeast Asia. Is it bankrolling enemy operatives? Is it used to push heroin in the People's Republic of China? Is Drake Ko, an amoral Hong Kong millionaire, a conduit? Drake's brother Nelson is one of the two dozen most important men in Peking and perhaps also a Karla mole, one even more important than Haydon had been. Are the siblings estranged? Or is their relationship thicker then blood? Smiley backtracks through archives...
...dollar and the pound. The dollar must maintain its position as the world's most important currency, cannot be devalued, must keep its role as a currency used in reserves. In his talks with Giscard d'Estaing, Fowler said that the U.S. might now favor a new international currency???but only after Giscard agreed to negotiations at this month's IMF meeting for reform...
...TOWARDS A REFORM OF THE PAPER CURRENCY???Limited Editions Club?...