Word: yen
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...funds under his management. Another big-name investor, George Soros, got caught in the February mayhem, which people inside his Quantum hedge fund called the "St. Valentine's Day Massacre." Soros lost $600 million on Feb. 14 by wrongly betting that the U.S. dollar would rise against the yen. (Don't cry for Soros, though. He reportedly earned $650 million in 1992 and at least as much last year, eclipsing Michael Milken's 1987 record of $550 million...
...Matherites aren't the only ones with a yen for yarn. Two years ago, Winthrop House, too, created its own Knitting Society. Currently, it boasts as loyal and ever-growing following...
...years pass. Mui (now played by Tran Nu Yen-Khe), a beautiful young woman, is sold to a handsome pianist (Vuong Hoa Hoi). Cinderella finds her Prince Charming, and an aristocrat is ennobled when he falls in love with a pretty peasant. Every fable deserves a happy ending...
...sanctions by accusing the U.S. of a "betrayal of trust"in multinational negotiations to reduce tariffs. But even as the Japanese were applauding Hosokawa's refusal to cave in to Clinton, his government was calculating how to avoid a fight. Early in the week Tokyo was unnerved when the yen rose about 6% against the dollar while Washington stood by with arms folded. The upward pressure came from speculators counting on the U.S. to encourage a stronger yen to make American products cheaper in Japan. Because that would also cut into the profits of beleaguered Japanese companies that sell abroad...
Smith: Well, you're aware that it is starting to swing back away from imports to the domestics. And there are a number of reasons for that. The quality gap continues to close. The fact that the yen has risen in value is another major ingredient in that shift. People do look at price, and they look at the quality gap being closed. Since the price favors the domestics, they tend to go domestic. I think another important factor is that the market continues to swing toward trucks, and the Japanese in particular, or even the Europeans, haven't really...