Word: traded
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
This sophisticated bit of financial wizardry is known as a carry trade, and it's a popular way to offset moves in equity and bond markets while also producing a handsome return. (See pictures of TIME's Wall Street covers...
...euro and yen are this year's dollar, what's on the flip side of the smart carry trade for 2010? Last year the Brazilian real was a currency on fire, appreciating 35% on interest rates that started 2009 at an unsustainable 13.75%. It was a situation that threatened to suffocate the economy, forcing the government to intervene in currency markets, cut interest rates nearly 40% and impose new taxes on foreign investment. (See pictures of the global financial crisis...
...have dangerously high levels of outstanding debt, largely due to stimulus spending and bailouts intended to get their respective economies back on their feet. While this might spell trouble for the dollar and British pound, it's a looming opportunity for those who ply the carry trade...
...Toyota dealerships, meanwhile, customers have had to haul their cars in to have the sticky gas pedals repaired. Loyal Toyota owners now have a reason to flirt with other brands, though switching could cost them: trade-in prices for Toyotas have fallen. And at global headquarters in Toyota City, Japan, corporate officers belatedly grasped the seriousness of the situation and tried to make amends. "I apologize from the bottom of my heart for all the concern that we have given to so many of our customers," a chastened Akio Toyoda, grandson of the corporation's legendary founder, Kiichiro Toyoda, told...
...terms of renting out the space, the Pudding was able to negotiate a trade with the A.R.T. “They have an ad on our curtain drop and a few other things, so we did that instead of just paying in cash to rent out the space,” explained Friedman...