Word: initialers
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(2 of 2) But one company's pain is another's pleasure. The net effect on some sectors will be positive. China's automakers, for example, rely heavily on parts made abroad and export few cars. The stronger yuan will effectively lower their costs by reducing their outlay for tires...
Still, this initial yuan adjustment will do very little in itself to address China's yawning trade gap. Merrill Lynch predicts that China's trade surplus could exceed $90 billion this year?nearly three times larger than in 2004. U.S. critics of China will likely keep agitating for a full...
But few authorities believe that the bombers acted alone. Investigators have focused on the explosives. Contrary to initial reports that said military-style high explosive were used, the authorities concluded that the bombs were made of TATP, an explosive popular with al-Qaeda because it can be cooked in a...
Foreign investment firms have incentives to improve, not destroy, the businesses they buy. Wincor Nixdorf is a case in point. The German firm, which makes ATMs for banks, was singled out by the SPD's Müntefering in his "locust" critique because of the profits that its investors, KKR and...
Yet as the American moneymen continue their advance through Europe, the grumbling seems sure to continue. Jürgen Peters, head of Germany's metalworkers' union, for one, says his union, with its criticism of the big U.S. groups, simply "brought to light what others obviously wanted to leave in the...