Word: thais
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Dates: during 1990-1999
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...rain also dampened the spirits of many vendors, who made fewer sales than in past years. Sunday was the ninth Oktoberfest for Pantiva Batson, of Pan Thai clothing, who noticed a definite change...
...traditional hedge-fund manager, I use leverage sparingly and don't buy any instrument whose price can't be found in the Wall Street Journal. I bet on stocks that my research shows to be under- or overvalued, not on the direction of the French yield curve or the Thai baht. I play defense by betting against stocks that are too expensive, usually by buying put options--in essence, borrowing shares that I can repay at a profit after the price declines...
After tea is over and you're done discussing high culture, kick it Inman Square-style and step out to the chic Jae's Cafe for delectable Japanese, Pan American and Thai food. With an all black decor, piercing violet lights and exotic tropical fish this place has nothing but panache. 11:30 a.m. to 1 a.m., 1281 Cambridge St. 497-8380. $10 to 15 per entree...
...currency speculators, having knocked off Asia's weaklings, such as the Thai baht and the Malaysian ringgit, are now taking on the region's Godzillas: the Japanese yen, the Hong Kong dollar and the Chinese renminbi. The three are relatively stable, buttressed by huge economies and, in the case of the renminbi and the HKD, by solid "pegs" to the U.S. dollar that the Chinese government has pledged to defend--even at tremendous national cost...
...this case, SK Securities entered into a currency-swap deal with Morgan in early 1997 whereby SK Securities in effect borrowed U.S. dollars and invested them in Thai baht. But within a year the baht plunged in value, from 25 to 48 to the dollar, and the Korean firms couldn't cough up the dollars to repay Morgan. They subsequently sued Morgan in New York and in South Korea, claiming they weren't properly advised of the risks associated with derivatives...