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    News and Articles on Foreign Exchange Rate



    Opportunities exist for trading gold  Nov 20, 2009
    This is based on a foreign exchange rate on August 21 to convert Australian dollars to American dollars for initial margin purposes of $US0. 8247. (Sydney Morning Herald -- Business)

    Galleon Announces Q3 2009 Financial and Operational Results  Nov 13, 2009
    A foreign exchange rate of $0. 95 has been used. (CCNMatthews Press Releases)

    KongZhong Corporation Reports Unaudited Third Quarter 2009 Financial Results  Nov 12, 2009
    "Against the backdrop of stable 3Q financial performance at KONG.net (or WIS), the team has undertaken a number of initiatives, which position us well for strong user growth over the coming year. For example during the quarter, we announced a strategic alliance with CCTV that will leverage their audience of over 1.0 billion viewers to jointly develop mobile Internet services in China. Moreover, we also launched the new Ko.cn platform, which we plan to develop into the leading social mobile game... (Yahoo! Wire -- Entertainment News)

    US dollar to continue to weaken in medium term  Nov 7, 2009
    The US dollar will continue to weaken in the medium term as investors become more confident and start moving their money out of the safe haven (of the greenback) and into riskier, higher-yielding markets like emerging markets, he told StarBizWeek after a OCBC-hosted talk entitled Hedging Foreign Exchange Rate Risk here yesterday ... Options, as opposed to forward contracts, offer greater opportunity for profit while protecting the customer against possible adverse foreign exchange rate changes,... (The Star Online, Malaysia -- Business)

    Dundee Precious Metals Reports Third Quarter 2009 Results  Nov 5, 2009
    Chelopech cash cost per tonne of ore processed(1), excluding royalties, in the period was 2% lower than the corresponding prior year period due to the favourable impact of a 5% devaluation of the average Euro to U.S. foreign exchange rate, lower input cost for backfill as the slurry needed for the backfill in the period was produced on site whereas, in the third quarter of 2008, it was purchased from a third party and reduced spending on services as a result of cost savings initiatives ... 69... (CCNMatthews Press Releases)

    Otter Tail Corporation Announces Third Quarter Earnings; Board of Directors Declares Dividend  Oct 30, 2009
    We are committed to maintaining a strong balance sheet and an appropriate cost structure that provide Otter Tail Corporation with significant financial flexibility," said Moug. Segment Performance Summary Electric Electric revenues and net income were $73.6 million and $9.5 million, respectively, for the quarter ended September 30, 2009 compared with revenues of $82.9 million and net income of $6.5 million for the quarter ended September 30, 2008. Wholesale electric revenues from company-owned... (Primezone Releases)

    HCC Q2 net profit at Rs 5.51 cr  Oct 24, 2009
    "The company has amended the accounting standards related to 'effect of the changes in foreign exchange rate' in the last quarter of the previous year ended March 31, 2009, therefore the results for the current quarter are not comparable with the results of the corresponding quarter of last year," the company said. Total income rose to Rs 783. (India Times)

    Morgan Stanley trading desk powers earnings  Oct 22, 2009
    The biggest jump was in foreign exchange rate trading, which increased from $US17 million to $US25 million. Morgan Stanley has been dogged by comparisons to chief rival Goldman Sachs over the past year. (Sydney Morning Herald -- Business)

    READ: Morgan Stanley's press release  Oct 22, 2009
    Average aggregate trading and non-trading VaR increased from last quarter primarily reflecting increased foreign exchange rate and interest rate exposure. At quarter-end, the Company's trading VaR was $123 million, compared with $114 million in the second quarter of 2009, and the aggregate trading and non-trading VaR was $175 million, compared with $173 million in the prior quarter. (USA Today -- Money)

    Lennoxs quarterly profit drops 22%  Oct 22, 2009
    The company experienced a 22 percent decline in sales due in part to the negative impact of the foreign exchange rate, Lennox said. The company said commercial markets were "down significantly," while residential and refrigeration markets also were down from a year ago. (Dallas Business Journal, TX)

    US Embassy opens 2011 DV Visa Lottery  Oct 22, 2009
    50 Ghana cedis per each family member for their first interview, adding "the cost may vary based on the foreign exchange rate". He said the consulate had instituted stringent measures and technology to detect fraudulent documents such as fake educational, marriage, birth, medical and police certificates and would not hesitate to hand over such fraudsters to the security agencies. (Ghana Web, Ghana)

    Funding for Youth In Agriculture Programme to increase by 500%  Oct 16, 2009
    It is also meant to cut down on the country's foreign exchange rate and make the cedi much stronger ... "Our policy is to encourage import substitution by increasing the production of crops and livestock in areas of comparative advantage, to the country to cut down on foreign exchange rate," he said. (Ghana Web, Ghana)

    Mastek sees revival in UK project  Oct 9, 2009
    The software firm expects foreign exchange rate for the Oct-Dec quarter to be Rs 75. 70 to 1 pound and Rs 47. (India Times, India)

    Connacher Oil announces officer promotions and new assignments  Oct 1, 2009
    g. operational risks in development, exploration and production delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections in relation to production, costs and expenses and health, safety and environmental risks), the risk of commodity price and foreign exchange rate fluctuations, risks associated with obtaining, maintaining and the timing of receipt of regulatory... (Canada Newswire)

    Versatile Reports Fourth Quarter and Fiscal 2009 Results  Sep 14, 2009
    00 ------------------------------------------------------------ ------------------------------------------------------------ ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Versatile Systems Inc. Consolidated Statements of Comprehensive (Loss) Income ---------------------------------------------------------------------------- Expressed in U.S. dollars Three months ended June 30 Year ended... (CCNMatthews Press Releases)

    International Datacasting Corporation Announces Fiscal 2010 Second Quarter Results  Sep 11, 2009
    02 Weighted average number of shares outstanding Basic 56,762,413 56,383,826 Diluted 58,195,326 58,910,921 International Datacasting Corporation Consolidated Statement of Cash Flows for the six months ended July 31, July 31, 2009 2008 Operating Activities Net (loss) income $(3,792,371) $782,171 Add items not requiring an outlay of cash: Goodwill impairment 2,491,030 - Amortization 625,531 586,397 Bad debt expense 45,251 - Unrealized gain on revaluation of held-for-trading investment (100,094) -... (CCNMatthews Press Releases)

    Frost & Sullivan: Growing Healthcare Tourism in Malaysia  Aug 26, 2009
    According to Frost & Sullivan Senior Consultant, Dr. Pawel Suwinski, "Malaysia healthcare tourism trend grew at a rate of 25.3 percent CAGR since 1998, while revenues posted a growth of 37.9 percent during the same period. Revenue per patient has also grown 2.5 fold from USD92 in 1998 to USD241 in 2008. By year 2010, medical tourism revenue per patient is estimated to reach USD590 M. This signifies the growth of foreign confidence in more advanced medical care services in Malaysia. Most... (PR Newswire)

    Suez Environnement Profit Declines 13% as Demand for Waste Treatment Slows  Aug 26, 2009
    Suez Environnement cut its full-year target, saying it wants to achieve overall stability of operational performance at revenues and levels of earnings, before interest, taxes, depreciation and amortization compared with last year at a constant foreign exchange rate, according to the statement. This compares with a target given in March for low single digit growth in ebitda and revenue this year, assuming a constant exchange rate and a contraction of 2 percent in gross domestic... (Bloomberg -- Europe)

    ChinaEdu Reports Second Quarter 2009 Results  Aug 20, 2009
    ChinaEdu Corporation Unaudited Condensed Consolidated Statements of Cash Flow Three Months Ended June March June June (in thousands) 30, 2008 31, 2009 30, 2009 30, 2009 RMB RMB RMB US$ Operating activities: Net income 17,602 17,126 17,570 2,572 Share-based compensation 1,671 2,262 2,055 301 Depreciation 2,903 3,941 3,983 583 Amortization of land use rights 141 163 152 22 Amortization of intangible assets 2,262 1,686 1,308 192 Accounts receivable write-off -- 62 347 51 Loss from disposal of... (PR Newswire)

    Hollysys Automation Technologies Reports Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2009 Ended June 30, 2009  Aug 18, 2009
    " Based on our operating results for fiscal 2009, we project our fiscal 2010 revenues to be in the range of USD 185.9M to USD 192.2M. We expect our fiscal 2010 non-GAAP net income to be in the range of USD 30.3M to USD 31.4M, which will translate into net income per share of USD 0.61 to USD 0.63, based on expected 50 million shares outstanding. Conference Call Management will discuss the current status of the Company's operations during a conference call at 9:00 AM ET/9:00 PM Beijing time on... (PR Newswire)

    Fuwei Films Announces Unaudited Financial Results for Second Quarter of 2009  Aug 15, 2009
    30, 2008 ---------------- ------------- RMB US$ RMB Cash flow from operating activities Net income/ (loss) (21,510) (3,150) 17,591 Adjustments to reconcile net income/ (loss) to net cash provided by operating activities - Depreciation of property, plant and equipment 16,048 2,349 12,308 - Amortization of lease prepayments 227 33 263 - Deferred income taxes (3,320) (486) -- - Bad debt expense/(recovery) 5,945 870 55 Changes in operating assets and liabilities, net of - Accounts receivable 13,948... (Primezone Releases)

    NuVista Energy Ltd.: Second Quarter Interim Report  Aug 14, 2009
    00, a foreign exchange rate of 0. 87 CDN/USD and include price risk management contracts currently in place. (CCNMatthews Press Releases)

    Xtreme Coil Achieves Strong 2009 2Q and Updates Operations  Aug 13, 2009
    Although EBITDA and EBITDA per share are not generally accepted accounting principles ("non-GAAP") financial measures, management believes they are useful supplemental measures of the financial performance of Xtreme Coil's principal business activities before considering how activities are financed or taxed, and before the impact of stock-based compensation, foreign exchange rate fluctuations or sales of equipment ... Management believes EBITDA and EBITDA per share are useful supplemental... (CCNMatthews Press Releases)

    VisionChina Media Inc. Announces Second Quarter 2009 Results  Aug 12, 2009
    The Company bases these estimates on a foreign exchange rate of RMB6. 840 per US$1. (PR Newswire)

    ChinaCast Education Corporation Reports Second Quarter and First Half 2009 Financial Results  Aug 11, 2009
    " These non-GAAP financial measures exclude from our operating performance not only non-cash charges, such as stock-based compensation, but also discrete cash charges that are infrequent in nature. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting and analyzing future periods. These non-GAAP financial measures also facilitate management's internal comparisons to our historical... (Primezone Releases)

    ShawCor Ltd. Announces Second Quarter 2009 Results  Aug 6, 2009
    The increase was primarily due to an increase in the Pipeline and Pipe Services segment, partially offset by the unfavourable impact of foreign exchange rate fluctuations ... Significant risks facing ShawCor include, but are not limited to: changes in global economic activity and changes in energy supply and demand which impact on the level of drilling activity and pipeline construction; political, economic and other risks arising from ShawCor's international operations; compliance with... (PR Newswire)

    CEC Entertainment Reports Financial Results for the Second Quarter of Fiscal 2009  Jul 31, 2009
    Effect of foreign exchange rate changes on cash. . (Yahoo! Wire -- Entertainment News)

    Alliance Datas Q2 profit drops 37%  Jul 23, 2009
    Credit card services provider saw its profit drop 37 percent in the second quarter of 2009, which is partly attributed to the foreign exchange rate for the Canadian dollar ... Alliance Data said the company is facing several headwinds, including an unfavorable foreign exchange rate. (Dallas Business Journal, TX)

    Recession puts a dent in British tourism  Jul 17, 2009
    But despite the falls in the number of visits, a favorable foreign exchange rate boosted total spending, both in Britain and by Britons traveling abroad, the survey showed. Foreign visitors to Britain spent 16. (MSNBC -- Travel)

    * Life insurance sector capitalization deteriorates: Fitch  Jul 11, 2009
    The substantial decline in Taiwans stock market, the volatility of foreign exchange rates and the deterioration of the credit quality of structured securities in 2008 caused substantial losses in the life [insurance] sector, said Joyce Huang (X), associate director of the agencys insurance team ... Taiwanese life insurers are less likely to be able to withstand potential equity price declines and foreign exchange rate fluctuations, the report showed. (Taipei Times, Taiwan -- Business)

    EXFO Reports Third-Quarter Results for Fiscal 2009  Jul 1, 2009
    " As part of this plan, EXFO tightened cost controls and reduced its workforce by approximately 5% (65 employees). The company has also applied for a Canadian federal program that will allow certain employees to work four days per week for a maximum of 52 weeks. EXFO will incur severance and other pre-tax related charges of about US$1.3 million that will be accounted for in the fourth quarter of fiscal 2009. Unaudited Selected Financial Information (In thousands of US dollars)... (PR Newswire)

    Robbins & Myers Announces Third Quarter 2009 Results and Regular Quarterly Cash Dividend  Jun 26, 2009
    The most significant of these risks and uncertainties are described in our Form 10-K and Form 10-Q reports filed with the Securities and Exchange Commission and include, but are not limited to: the cyclical nature of some of our markets; a significant decline in capital expenditures in our primary markets; a major decline in oil and natural gas prices; reduced demand due to the general worldwide economic downturn and general credit market crises; increases in competition; changes in the... (PR Newswire)

    First Uranium comments on results released June 17, 2009  Jun 19, 2009
    Revised Metal Price and Foreign Exchange Rate Assumptions FY FY FY FY FY FY FY Long 2010 2011 2012 2013 2014 2015 2016 term Gold Price ($ per ounce) New 925 952 930 884 846 797 788 788 Old 940 999 957 881 835 748 748 748 Uranium ($ per pound) New 52 62 69 69 64 56 53 50 Old 83 93 84 79 70 52 52 52 Exchange Rate: (ZAR/$US) New 8 ... The following chart illustrates the expected effect of the revised metal price and foreign exchange rate assumptions, as well as slight adjustments to reflect actual... (PR Newswire)

    Reko Announces Third Consecutive Quarter of Profitability During Financial Downturn  Jun 5, 2009
    2 million, relates to volume increases, productivity and efficiency improvements made in the last two years, and increased foreign exchange rates, which were partially offset by changes in the fair value of foreign exchange contracts ... 35) ------------------------------------------ ------------------------------------------ See accompanying notes to the interim consolidated financial statements INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS Three months and nine months ended April 30, 2009 with... (CCNMatthews Press Releases)

    Vista Gold Corp. Announces Results of a Preliminary Economic Assessment and Increases Estimated Measured and Indicated Resources by 12.8% at Its Mt. Todd Gold Project, Northern Territory, Australia  Jun 5, 2009
    All Australian costs have been converted to US$ costs using a foreign exchange rate of A$1. 35 per US$1. (PR Newswire)

    Bulgaria is Best for a Bargain Break - But Eurozone May Cost a Lot Less Than Expected  Jun 1, 2009
    Local prices have dropped in Greece and Italy as well, which means that the annual price increase for the tourist items surveyed by the Post Office is just seven and five per cent respectively - and wholly due to the 11 per cent sterling foreign exchange rate drop ... Although this foreign exchange rate helps to account for the increases, the Post Office warned that resort prices have risen more than in other holiday spots ... " Over 1,600 Post Office bureau de change branches offer the most... (Yahoo News -- Press Releases)

    TD Bank Financial Group Reports Second Quarter 2009 Results  May 28, 2009
    Some of the factors - many of which are beyond our control and the effects of which can be difficult to predict - that could cause such differences include: credit, market (including equity and commodity), liquidity, interest rate, operational, reputational, insurance, strategic, foreign exchange, regulatory, legal and other risks discussed in the Bank's 2008 Annual Report and in other regulatory filings made in Canada and with the SEC; general business and economic conditions in Canada, the... (Canada Newswire)

    HLS Systems International Reports Unaudited Fiscal 2009 Third Quarter Financial Results  May 27, 2009
    001 per share, 100,000,000 shares authorized, 43,942,614 and 45,942,614 shares issued and outstanding 45,943 43,943 Additional paid-in capital 108,853,190 108,755,971 Appropriated earnings 11,676,276 11,676,276 Retained earnings 32,720,210 30,744,027 Cumulative translation adjustments 13,795,082 14,120,007 ------------ ------------ Total stockholder's equity 167,090,701 165,340,224 Total liabilities, minority interests and stockholders' equity $311,800,581 $284,620,538 ------------ ------------... (Primezone Releases)

    Monterey Exploration Ltd. Announces Financial and Operating Results for the Three Months Ended March 31, 2009  May 15, 2009
    This press release contains forward-looking statements, including but not limited to, statements concerning the amount and on-stream timing of new production, the performance characteristics of production from Monterey's developed oil and gas properties, drilling locations, approval and timing of applications and requests made to regulatory authorities, the access to and availability of production facilities, the timing of construction and start-up of new production facilities, certain expected... (CCNMatthews Press Releases)

    Day4 Energy Reports First-Quarter 2009 Results  May 15, 2009
    As outlined at the end of the fourth quarter 2008, further decreases in average selling price (ASP), the resulting inventory write-down, foreign exchange rate fluctuations and declining sales volume resulted in a deterioration of gross margins. Expenses For the first quarter of 2009, general and administrative expenses were $3. (Canada Newswire)

    Crunch Time For City Breaks As Eastern European Prices Undercut Eurozone  May 14, 2009
    Andrew Spice of Post Office Travel Services said: "There are lots of factors for consumers to consider when booking a city break, including the cost of getting to a destination. Our 'snapshot' of flights available in late April4 showed that Copenhagen actually had the cheapest weekend price of just 41.98, so there are definite benefits to considering a Scandinavian break. "The foreign exchange rate is another crucial factor ... foreign exchange rate. (Yahoo News -- Press Releases)

    CBS Corporation Reports First Quarter 2009 Results  May 8, 2009
    9 million for the same prior-year period, reflecting the soft worldwide advertising marketplace and the negative impact of foreign exchange rate changes as the U.S. dollar strengthened considerably in the quarter ... North America revenues decreased 18% (15% in constant dollars) primarily due to lower revenues from the U.S. billboards business and changes in foreign exchange rates ... International revenues decreased 31% (15% in constant dollars) as a result of lower advertising sales in the... (Yahoo! Wire -- Entertainment News)

    RealNetworks Announces First Quarter 2009 Results  May 8, 2009
    Excluding the effects of these foreign exchange rate changes, revenue grew 1% year over year. Revenue trends in each of Real's businesses in the first quarter of 2009, including the effects of foreign currency exchange rate changes, compared with the year-earlier quarter were: a 16% increase in Music revenue to $44. (Yahoo! Wire -- Entertainment News)

    ARC Energy Trust announces first quarter 2009 results  May 7, 2009
    MANAGEMENT'S DISCUSSION AND ANALYSIS ------------------------------------ This management's discussion and analysis ("MD the Trust management's analysis of its financial performance and significant trends or external factors that may affect future performance. It is dated May 5, 2009 and should be read in conjunction with the unaudited Consolidated Financial Statements for the period ended March 31, 2009 and the audited Consolidated Financial Statements and MDt and for the year ended December... (Canada Newswire)

    Ag Growth Announces Results for the Three Months Ended March 31, 2009  May 7, 2009
    "Company ProfileAg Growth is a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories and grain aeration equipment. Ag Growth's sales, marketing, and distribution system is comprised of approximately 1,400 dealers and distributors that distribute product in 48 states, nine provinces, and overseas.Non-GAAP measuresReferences to "gross margin" are to sales less cost of... (CCNMatthews Press Releases)

    Otter Tail Corporation Announces First Quarter Earnings; Lowers 2009 Earnings Guidance; Board of Directors Declares Dividend  May 5, 2009
    27 Otter Tail Corporation Consolidated Balance Sheets Assets In thousands (not audited) March 31, December 31, 2009 2008 Current Assets Cash and Cash Equivalents $ 3,112 $ 7,565 Accounts Receivable: Trade--Net 122,576 136,609 Other 9,077 13,587 Inventories 97,690 101,955 Deferred Income Taxes 8,386 8,386 Accrued Utility and Cost-of-Energy Revenues 16,902 24,030 Costs and Estimated Earnings in Excess of Billings 55,308 65,606 Income Taxes Receivable 32,786 26,754 Other 18,832 8,519 ------------... (Primezone Releases)

    Versatile Reports Third Quarter Results  May 4, 2009
    00 ------------------------------------------------------- ------------------------------------------------------- --------------------------------------------------------------------------- Versatile Systems Inc. Consolidated Statements of Comprehensive Income (Loss) (unaudited - prepared by management) --------------------------------------------------------------------------- Expressed in Three months ended March 31 Nine months ended March 31 U.S. dollars 2009 2008 2009 2008... (CCNMatthews Press Releases)

    Centerra Gold Reports First Quarter Results  Apr 30, 2009
    0 million at the quarter end foreign exchange rate) with a tax rate of 10% for taxable income up to that amount. For further discussion of the factors that could cause actual results to differ materially, please refer to "Risk Factors" in Centerra's 2008 Annual Management's Discussion and Analysis and to Centerra's 2008 Annual Information Form including the section titled "Risk Factors", available on SEDAR at www. (CCNMatthews Press Releases)

    OPTI Canada Announces First Quarter 2009 Results  Apr 28, 2009
    (*) Foreign Exchange Hedging Instruments OPTI is exposed to foreign exchange rate risk on our long-term U.S.-dollar-denominated debt ... We anticipate fluctuations in earnings attributable to these items based on future changes in foreign exchange rates (Canadian dollars relative to U.S. dollar) and WTI. SHARE CAPITAL At April 15, 2009, OPTI had 195,929,526 common shares and 7,321,816 common share options outstanding ... The total debt to capitalization is therefore influenced by the variability... (Canada Newswire)

    * S Korea forecasts 13.5 percent fall in exports this year  Apr 17, 2009
    South Korea yesterday sharply lowered its forecast for exports this year, citing tougher internal and external conditions and volatility in the foreign exchange rate. Exports will be worth US$365 billion this year, down 13. (Taipei Times, Taiwan -- Sports)

    Bank of Canada issues business survey, Monday  Apr 10, 2009
    The U.S. Treasury Department issues a semi-annual report on foreign exchange rate practices. U.S. Securities and Exchange Commission chair Mary Schapiro holds a roundtable on credit ratings agencies, Washington. (Globe and Mail -- Business)

    Genworth Will Not Participate in the U.S. Capital Purchase Program  Apr 10, 2009
    Risks relating to the company's International segment, including political and economic instability, foreign exchange rate fluctuations, unexpected changes in unemployment rates, unexpected increases in mortgage insurance default rates or severity of defaults, decreases in the volume of high loan-to-value international mortgage originations, increased competition with government-owned and government-sponsored enterprises offering mortgage insurance and changes in regulations. Risks relating to... (PR Newswire)

    SC dismisses plea against cos on forex losses  Apr 9, 2009
    NEW DELHI: The Supreme Court on Wednesday dismissed the Income-Tax department plea that companies cannot claim deductions against tax liability on account of losses due to foreign exchange rate fluctuations. A bench headed by Justice S H Kapadia dismissed the department's petitions filed against 33 foreign and domestic companies including Maruti Udyog, Jindal Strips, GE Power Services, Perfetti India, Seagram, Escorts, Dupont, Woodward Governor India, Honda Siel, Turner International and others. (India Times, India -- Intl Business)

    Firan Technology Group Corporation Announces Continued Growth in the First Quarter 2009  Apr 7, 2009
    FIRAN TECHNOLOGY GROUP CORPORATION Interim Consolidated Statements of Cash Flows ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Three Months Ended ---------------------------------------- February 27, 2009 February 29, 2008 (in thousands of dollars) (unaudited) (unaudited) ----------------------------------------------------------------------------... (CCNMatthews Press Releases)

    Sinopec Corp. Announces 2008 Annual Results  Mar 30, 2009
    " PRINCIPAL FINANCIAL DATA AND INDICATORS FINANCIAL DATA AND INDICATORS PREPARED IN ACCORDANCE WITH THE PRC ACCOUNTING STANDARDS FOR BUSINESS ENTERPRISES ("ASBE") For the years ended 31 December Items 2008 2007 Change 2006 RMB Millions as restated* as previously (%) reported Operating income 1,452,101 1,204,843 1,204,843 20.52 1,061,669 Profit before taxation 24,226 83,434 82,911 (70.96) 76,305 Net profit attributable to equity shareholders of the Company 29,689 56,515 54,947 (47.47) 52,625 Net... (PR Newswire)

    Turbo Power Systems Inc. (TPS) Announces Results for the Year and Quarter Ended 31 December 2008  Mar 26, 2009
    Derivative financial instruments are used by the Company to manage a portion of its exposure to foreign exchange rate fluctuations ... The Company enters into foreign currency options denominated in U.S. Dollars, to manage foreign exchange rate fluctuation exposure on receipts from customers billed in U.S. Dollars. (CCNMatthews Press Releases)

    Greystar Receives Positive Prefeasibility Study for Its Angostura Gold Project  Mar 25, 2009
    The capital cost estimate excludes losses or gains that may arise from foreign exchange rate variations, cost escalation and other factors ... Such factors include, among others, the actual price of gold, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, foreign exchange rate variations, conclusions or realization of mineral resources, risks relating to additional funding requirements, political and... (CCNMatthews Press Releases)

    Monterey Exploration Ltd. Announces Financial And Operating Results for the Three Months And Year Ended December 31, 2008 & Annual Information Form Filing  Mar 24, 2009
    This press release contains forward-looking statements, including but not limited to, statements concerning the amount and on-stream timing of new production, the performance characteristics of production from Monterey's developed oil and gas properties, approval and timing of applications and requests made to regulatory authorities, the access to and availability of production facilities, the timing of construction and start-up of new production facilities, certain expected actions to be... (CCNMatthews Press Releases)

    GVIC Reports 2008 Year-End Results  Mar 24, 2009
    These factors include, but are not limited to, the ability of the Company to sell advertising and subscriptions related to its publications, foreign exchange rate fluctuations, the seasonal and cyclical nature of the agricultural industry, discontinuation of Department of Canadian Heritage postal subsidies, general market conditions in both Canada and the United States, changes in the prices of purchased supplies including newsprint, the effects of competition in the Company's markets,... (CCNMatthews Press Releases)

    High five: Messages from North Korea  Mar 19, 2009
    A 2006 Citigroup economic report predicted that the Kim Jong-il administration is building Asia's next tiger economy: "North Korea's economic reforms are probably broadly comparable to those in China in the mid-to late-1980s. In some areas, such as foreign exchange rate policy, North Korea is probably already beyond the China of the early 1990s. Actual progress in economic reforms has been way beyond our expectations.". The nation's nuclear and rocket technology, incorporating sophisticated... (Asia Times Online)

    Delphi Energy Achieves Record Fourth Quarter 2008 Results  Mar 19, 2009
    Physical commodity sale contracts based in United States dollars include an embedded derivative associated with the foreign exchange rate ... The Company is exposed to market risks related to the volatility of commodity prices, foreign exchange rates and interest rates ... Foreign currency exchange rate risk is the risk that future cash flows will fluctuate as a result of changes in foreign exchange rates. (CCNMatthews Press Releases)

    Brazilian Rate Futures Decline as Investors Bet on More Interest-Rate Cuts  Mar 18, 2009
    We believe the adjustment of the foreign exchange rate in Brazil will start in the second quarter, when we expect a stronger strength trend for the currency, Nehme wrote. To contact the reporter on this story: in Sao Paulo at. (Bloomberg -- Latin America)

    Xtreme Coil Crosses Another Border in 2008  Mar 17, 2009
    Management believes that EBITDA is a useful supplemental measure of the financial performance of Xtreme Coil's principal business activities before considering how activities are financed or taxed, and before the impact of stock-based compensation, foreign exchange rate fluctuations or sales of equipment. Net Debt. (CCNMatthews Press Releases)

    ChinaCast Education Corporation Reports Full Year 2008 Financial Results  Mar 17, 2009
    20 Weighted average shares used in computation Basic 26,567,240 30,442,992 Diluted 27,975,731 30,691,742 CHINACAST EDUCATION CORPORATION CONSOLIDATED STATEMENT OF CASH FLOWS (In thousands, except share-related data) Group Group 12 months 12 months ended ended 31/12/2007 31/12/2008 US'000 US'000 Cash flows from operating activities: Net income 8,035 6,273 Adjustments to reconcile net income to net cash provided by operating activities: Minority interest in continuing operations 445 1,106 Minority... (Primezone Releases)

    Enghouse Releases First Quarter Results and Announces 20% Increase in Its Dividend  Mar 12, 2009
    0 Enghouse Systems Limited Consolidated Statements of Comprehensive Income and Accumulated Other Comprehensive Loss For the three months ended January 31 (in thousands of Canadian dollars) (Unaudited) --------------------------------------------------------------------------- 2009 2008 --------------------------------------------------------------------------- Net income for the period $ 794 $ 771 Other comprehensive income: Unrealized (loss) gain on translating financial statements of... (CCNMatthews Press Releases)

    Audi expects a drop in sales and a smaller profit  Mar 11, 2009
    Adverse foreign exchange rate effects will hurt Audi's profits this year because of the stark slide in the pound against the euro. But the impact should not be as painful as the 290 million from 2008, when income from settling financial hedging contracts failed to offset total currency effects of more than 640 million. (International Herald Tribune -- Business)

    Descartes Reports Fiscal 2009 Fourth Quarter and Year End Financial Results  Mar 11, 2009
    2 Effect of foreign exchange rates on cash and cash equivalents (0 ... This impact is calculated on a currency by currency basis by taking the actual revenues earned in a currency in the prior period, determining the blended foreign exchange rate used in that prior period to convert the foreign currency revenues to US dollars, and then applying that blended foreign exchange rate to the actual revenues earned in that same currency in the current period ... (US dollars in millions) Q4FY09 Q4FY09... (Primezone Releases)

    Nigeria: Global Financial Crisis Will Slow Economy - CBN  Mar 10, 2009
    But the bank, in a statement made available to Leadership yesterday, asserted that, despite the global crisis, its policy on the foreign exchange rate is succeeding. It said: "The official exchange rate has ranged from N144-N150 to US$1 since mid-January 2009. This is the exchange rate for about 95% of legitimate foreign exchange consumption in Nigeria. The objective of the current foreign exchange rate policy is to conserve foreign reserves and ensure stability of the exchange rate. So far we... (allAfrica.com)

    NuVista Energy Ltd. Announces 2008 Year End Results  Mar 6, 2009
    00 for WTI crude oil, a foreign exchange rate of 0 ... Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate as a result of changes in foreign exchange rates. (CCNMatthews Press Releases)

    Trican- 2008 Fourth Quarter and Year End Results  Mar 5, 2009
    Foreign exchange rate risk. As the Company operates primarily in North America and Russia, fluctuations in the exchange rate between the US dollar/Canadian dollar and Russian ruble/Canadian dollar can have a significant effect on the operating results and the fair value or future cash flows of the Company's financial assets and liabilities. (CCNMatthews Press Releases)

    Gabriel Resources Ltd: Fourth Quarter 2008 Report  Mar 5, 2009
    The table below represents the potential impact of foreign exchange rate changes on our capital to completion ... Sensitivity to a plus or minus 1% change in foreign exchange rates would affect net income by $0 ... The Company's functional currency is the Canadian dollar and its operations expose it to significant fluctuations in foreign exchange rates. (CCNMatthews Press Releases)

    Fairborne Energy Ltd. ("Fairborne") Announces 2008 Financial and Operating Results and Summary of Reserves  Mar 4, 2009
    - employing risk management instruments to minimize exposure to volatility of commodity prices, interest rate and foreign exchange rates ... Foreign currency exchange rate risk is the risk that the fair value or future cash flows will fluctuate as a result of changes in foreign exchange rates ... In general, while the underlying foreign exchange rate affects oil and natural gas prices, Fairborne does not sell a significant amount of oil or natural gas denominated in U.S. dollars. (CCNMatthews Press Releases)

    JBT Corporation Reports Record 2008 Results  Mar 4, 2009
    07 per share on February 24th which provides our investors with a meaningful financial return in this uncertain time," concluded Mr. Cannon. JBT FoodTech JBT FoodTech's fourth quarter revenue of $132.9 million declined 22 percent from $170.2 million in the same period of 2007. The decline was primarily due to a slowdown in Western Europe and Latin America, timing of large project deliveries in 2007 and strengthening of the US dollar. JBT FoodTech's operating profit of $18.4 million increased 10... (PR Newswire)

    Grupo Iusacell Announces Revenue of Ps.2,982 Million and EBITDA of Ps.662 Million for 4Q08  Feb 27, 2009
    2,023 million deterioration in the foreign exchange rate in the period, as a consequence of the peso depreciation this quarter, together with a U.S. dollar net liability monetary position. Debt. (PR Newswire)

    Enerplus announces 2008 year end results and reserves information  Feb 26, 2009
    CALGARY, Feb. 26 /CNW/ - Enerplus Resources Fund ('Enerplus') is pleased to announce our financial and operating results for the year ended December 31, 2008. All amounts are stated in Canadian dollars unless otherwise specified. (Canada Newswire)

    OPTI Canada Announces Year End 2008 Results  Feb 25, 2009
    (*) Foreign Exchange Hedging Instruments OPTI is exposed to foreign exchange rate risk on our U.S.-dollar-denominated debt ... The debt to capitalization is therefore influenced by the variability in the measurement of the foreign exchange forward, which is subject to mark to market variability and average foreign exchange rate changes during the quarter. (Canada Newswire)

    CoStar Group, Inc. Announces Fourth Quarter and Year-End 2008 Results  Feb 19, 2009
    Revenues in the fourth quarter 2008 increased approximately $125,000 from the third quarter of 2008, excluding the unfavorable impact of foreign exchange rate fluctuations on International revenue ... Given the uncertainties surrounding foreign exchange rate fluctuations, we are providing revenue guidance separately for our U.S. and International operations. (Primezone Releases)

    Penn West announces its results for the fourth quarter ended December 31, 2008  Feb 19, 2009
    In September 2007, we entered into foreign exchange contracts to fix the foreign exchange rate on the future repayment of US$250 million of U.S. dollar denominated private notes at an exchange rate of approximately one Canadian dollar equals one U.S. dollar. In July 2008, the Company entered into contracts to swap the principal amount of the UK Notes at a rate of $2. (PR Newswire)

    Rogers Reports Fourth Quarter 2008 Financial and Operating Results  Feb 18, 2009
    QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)

    Woodside profit up, seeks more debt  Feb 18, 2009
    Earnings were hampered in the December quarter by weaker commodity prices and foreign exchange rate losses totalling $235 million. The average realised oil price fell from $A135. (Ninemsn)

    NCsoft Announces 2008 Fiscal Year Results  Feb 14, 2009
    This, plus the growth in Lineage series sales in Japan and the foreign exchange rate were the primary reasons for the quarter over quarter sales growth. By region, fourth quarter sales came to KRW 55. (Yahoo! Wire -- Entertainment News)

    The name is Xe. Just Xe.  Feb 14, 2009
    XE.com, a currency and foreign exchange rate Web site. X-Entertainment, a pop culture Web site for Generation X. (News & Observer)

    RealNetworks Announces Fourth Quarter and Full Year 2008 Results  Feb 13, 2009
    Excluding the effects of foreign exchange rate changes, revenue grew 1% year over year ... Due to the high level of uncertainty regarding consumer spending, global economic trends, foreign exchange rate fluctuations, and credit markets, RealNetworks is not providing quantitative guidance ... -- Adjusted revenue consists of revenue excluding the impact of foreign exchange rate fluctuations experienced in the fourth quarter. (Yahoo! Wire -- Entertainment News)

    EnCana generates 2008 cash flow of US$9.4 billion, or $12.48 per share, up 13 percent  Feb 12, 2009
    48 per share, up 13 percent. We met or exceeded all of our targets, including those for cash flow, production and capital investment. (Canada Newswire)

    Refineries get more financial powers  Feb 12, 2009
    The amount will be paid at the prevailing foreign exchange rate at the time the contract is finally awarded. FEC also approved the new benchmark of 17 weeks for the process of award of contracts by ministries, departments and agencies that require only local bidding and 23 weeks for those that need international bidding as part of efforts to improve budget implementation and reduce the amount of unspent funds returned at the end of each fiscal year. (Guardian News, Nigeria)


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