Word: widing
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Dates: during 2000-2009
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...dollar borrowing), is now hovering at slightly less than 1%. That rock-bottom rate stands in stark contrast to the 6.5-7% rate of interest one can get from a short-term money market bill in Indonesia, where the 5-year government bond currently yields roughly 9%. The wide gap between the carrying costs of the two currencies is what is fueling the dollar-rupiah carry trade, analysts...
...reason for the wide disparity is how the costs are allocated. In Vancouver's case, there's a big debate about how to account for two major projects being built for the Olympics: a light-rail link connecting the city to the airport, and costly upgrades to the Sea to Sky highway, which winds north along Pacific fjords. Should these projects be part of the Olympic budget or (because they will presumably serve the city for years afterward) part of the general municipal budget? Either way, the projects will take decades to pay down...
...Although the rupiah could suddenly weaken against the dollar and shave off a significant chunk of a trader's profit, "If your carrying spread is wide enough, you'll comfortably take the currency risk," says Johanna Chua, chief economist with Citigroup in Asia. In fact, Chua says, the dollar carry trade has become so widespread among traders in Asia it has even triggered buying of more exotic and illiquid currencies like the Sri Lankan rupee. "That's the ultimate carry trade," Chua says...
Drawing on his experience while working closely with President George W. Bush, Wilder addressed a wide range of U.S.-China policy issues including North Korea, Iran, Tibet, the economy, Chinese nationalism, and the military...
...court, Mignini often sits back and lets his No. 2 take over questioning, especially when the evidence at issue is technical or scientific. Manuela Comodi, his assistant prosecutor, is a wide-awake pit bull who takes no prisoners. In a nearly two-decade career, she has taken down Catholic cardinals, Albanian mafiosi and bank presidents in major corruption and drug cases. She has been leading the attack on the defense team's scientific experts, and her sharp retorts and exasperated outbursts snap sleepy reporters back to attention. During hot afternoons in the summer, she furiously fanned herself with a black...