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Forex: calculating Profit and Loss
Learn to compute your profits and losses on Forex
TM earnings dip on unrealised forex loss
Telekom Malaysia Bhd (TM), the mountains's largest fixed-line phone company, yesterday said its latest section's net profit fell by 31 per cent to RM302 million, mainly due to unrealised overseas exchange loss on borrowings.
Earnings before interest,
Forex - Asia Open -Overnight Highlights
Asia Overnight Highlights - 23 November 2011
Connie Tse, Celeste Tay
ASIA Expectations:
Risk assets remained under pressure in the overnight session. European shares mow down for the fourth straight session as a Spanish bond auction yielded trifling results (the sale of 3-month paper saw the highest borrowing cost in 14-years ) and on deliberation of an imminent downgrade of Belgian debt. Meanwhile, data in the US failed to impress; Q3 US GDP was revised down to 2.0% from an from the beginning reported 2.5%. The Fed said in minutes released overnight that, "a few members indicated that they believed the productive outlook might warrant additional policy accommodation". The prospect of further stimulus combined with an bulletin by the IMF to introduce a revamped credit-line program saw stocks narrow losses. However, this was still scarce to push stocks out of the red; the S&P closed -0.46% and the Dow, -0.41%.
questions
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