Word: euros
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...says he has small agriculture-related holdings in North Korea, was told by government officials during a January business trip to Pyongyang that Kim had hand-picked him to run the SAR. On the mainland, Yang's fortune is rooted in an orchid seedling business he built into Euro-Asia Agricultural (Holdings) Co., which is listed on the Hong Kong Stock Exchange. A hardy perennial himself, Yang was orphaned at five, graduated from China's naval academy and, after winning a scholarship to study in the Netherlands, scored himself a Dutch passport. Last year, Forbes magazine named him the second...
...Credit Suisse. After shares fell 50% this year, CEO Lukas M?hlemann was forced out, to be succeeded by John Mack and Oswald Gr?bel. Lingering Illness Asbestos suits continue to hit Europe's insurers, as Germany's Allianz paid out $750 million to cover U.S. claims. INDICATORS Notes From The Euro Zone After years of hoarding foreign cash rather than trusting the native ruble, Russians should know about reliable currency. That bodes well for the euro, which has ousted the dollar as the country's most-imported species. Russians bought over ?700 million in July, compared to $573 million...
...Sweat It If euro price inflation is making you sweat, better wear gloves. Researchers at the University of Zurich have found that one- and two-euro coins can cause bad skin reactions when exposed to sweat, releasing 320 times the amount of nickel allowed under E.U. rules...
...click of worry beads was the loudest sound in many shops across Greece last week, as consumers staged a 24-hour shoppers' boycott. Like others in the euro zone, Greek consumers are irate about the rising prices that accompanied the launch of the single currency. Merchants are accused of rounding prices up, and talk of the weather is being displaced by anecdotes about how cups of coffee have doubled in price. Some moaning is justified: in Greece, studies show, the price of an average "basket" of goods has risen 10%, and surveys in France and Italy find similar increases. According...
...forbid it will happen to us: things are quite expensive enough already in Britain." JOAN COLLINS, actress, complaining about the euro after noticing price increases in France