The yogawear maker posted comparable - sales growth of 11 percent when accounting
for currency effects and direct - to - consumer channels.
Adjusted
for currency effects, Group sales trailed the previous year's figure by 3.7 %.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential
for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the
effect on aircraft demand and build rates of changing customer preferences
for business aircraft, including the
effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the
effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign
currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals
for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand
for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price
for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the
effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the
effect of changes in tax law, such as the
effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the
effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate
for our additional capital needs or
for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions
for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The
currency effect is calculated by applying the foreign exchange rates of the prior period to the figures
for the period under review.
Such risks, uncertainties and other factors include, without limitation: (1) the
effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign
currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities
for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the
effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the
effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and
currency exchange rates in the near term and beyond; (16) the
effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative
effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in
effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Earnings before interest, taxes and one - time items rose 20 % to 4.13 billion kroner ($ 652 million), beating estimates of 3.82 billion kroner Sales rose 2 % on a basis that excludes
currency and acquisition
effects, compared with analysts projections
for growth of 3.2 % Debt reduced by 14 % to 21.9 billion kroner Carlsberg reduced its full - year forecast
for gains from
currency shifts to 50 million kroner from 300 million kroner.
L'Oreal, the world's biggest cosmetics firm, said group sales grew 6.8 percent from a year earlier on a like -
for - like basis, which removes the
effect of
currency swings and acquisitions or disposals.
Last year PepsiCo delivered 4 % organic revenue growth (the company's favorite non-GAAP metric, it removes the
effects of acquisitions and
currency fluctuations)
for the second year in a row.
For the first quarter of 2015, Ford said 70 percent of its global revenue decline was due to the
effects of
currency - exchange fluctuations.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues
for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement
for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®; austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding
for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the
effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications
for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all,
for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign
currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
Goldman Sachs analysts said
currency effects were to blame
for a disconnect between earnings growth beats and stocks» performance.
Unhedged foreign
currency debt, as was prominent in 1997, means that a fall in the
currency pushes up debt servicing costs
for the government, local corporates and banks, but a rise in interest rates to assist the exchange rate has the same adverse
effect.
The
effect would be to have RMB reserves in all these other central banks — Brazil, Malaysia, India, Mexico and other developing countries — rise in exchange
for an equivalent rise in the PBoC's central bank reserves, denominated in all these various
currencies.
For a state that has been a thriving location for virtual currency mining, the rate increase will likely have a chilling effect on innovati
For a state that has been a thriving location
for virtual currency mining, the rate increase will likely have a chilling effect on innovati
for virtual
currency mining, the rate increase will likely have a chilling
effect on innovation.
Before the law took
effect on January 1, 2018, virtual
currencies arguably could have been eligible
for the like - kind exemption from CGT.
Such risks and uncertainties include, but are not limited to: our ability to achieve our financial, strategic and operational plans or initiatives; our ability to predict and manage medical costs and price effectively and develop and maintain good relationships with physicians, hospitals and other health care providers; the impact of modifications to our operations and processes; our ability to identify potential strategic acquisitions or transactions and realize the expected benefits of such transactions, including with respect to the Merger; the substantial level of government regulation over our business and the potential
effects of new laws or regulations or changes in existing laws or regulations; the outcome of litigation, regulatory audits, investigations, actions and / or guaranty fund assessments; uncertainties surrounding participation in government - sponsored programs such as Medicare; the effectiveness and security of our information technology and other business systems; unfavorable industry, economic or political conditions, including foreign
currency movements; acts of war, terrorism, natural disasters or pandemics; our ability to obtain shareholder or regulatory approvals required
for the Merger or the requirement to accept conditions that could reduce the anticipated benefits of the Merger as a condition to obtaining regulatory approvals; a longer time than anticipated to consummate the proposed Merger; problems regarding the successful integration of the businesses of Express Scripts and Cigna; unexpected costs regarding the proposed Merger; diversion of management's attention from ongoing business operations and opportunities during the pendency of the Merger; potential litigation associated with the proposed Merger; the ability to retain key personnel; the availability of financing, including relating to the proposed Merger;
effects on the businesses as a result of uncertainty surrounding the proposed Merger; as well as more specific risks and uncertainties discussed in our most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.cigna.com as well as on Express Scripts» most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.express-scripts.com.
But given the international
effects, I don't see how China is going to withstand yet more demand
for its
currency as speculators and other foreigners try to buy yuan - denominated assets.
The improvement
for the nine months ended July 31, 2011 was driven primarily by lower litigation costs and lower
currency transaction losses, the
effect of which was partially offset by certain asset impairment charges.
Gross margin
for the Coach brand is projected to be in the area of 70 % on a constant
currency basis with negative foreign
currency effects expected to impact gross margin by 80 basis points to 100 basis points.
BT reported a 0.2 percent fall in revenue
for the full year, stripping out the
effects of one - offs,
currency moves and its acquisition of mobile operator EE.
These risks and uncertainties include: fluctuations in U.S. and international economies and
currencies, our ability to preserve, grow and leverage our brands, potential negative
effects of material breaches of our information technology systems if any were to occur, costs associated with, and the successful execution of, the company's initiatives and plans, the acceptance of the company's products by our customers, the impact of competition, coffee, dairy and other raw material prices and availability, the
effect of legal proceedings, and other risks detailed in the company filings with the Securities and Exchange Commission, including the «Risk Factors» section of Starbucks Annual Report on Form 10 - K
for the fiscal year ended September 28, 2014.
Bithumb is South Korea's largest cryptocurrency exchange and the listing had a massive
effect for the
currency.
Albeit in footnotes, but perhaps most significantly, the Coinflip case put the CFTC on record as concluding that Bitcoin, while a commodity, is not a
currency.6 In summarizing the facts of the case, the CFTC explained that Bitcoin is «distinct from «real
currencies»» of the United States or another country.7 In addition, the CFTC Order in the Coinflip settlement specifically noted that the Bitcoin options were not eligible
for the CFTC's «trade option exemption» in CFTC Rule 32.3.8 Since the CFTC's trade option exemption can only be claimed
for an option that would result in delivery of an «exempt» or agricultural commodity, this violation in
effect serves as the CFTC's finding that it will not treat Bitcoin as a
currency.
The like -
for - like growth takes out the
effects of
currency translation into the Swiss franc and the results from the company's Brach consumer business in North America, which together had a negative
effect of two percentage points on sales.
In organic terms (adjusted
for acquisition and
currency effects), group sales grew by 0.5 %.
In practice it is slightly more complex than this as inflation can reduce the effective size of a debt and you can borrow money to pay off debts to get better interest rates, and
for a whole country the value of the
currency has a significant
effect,
Kering, which also houses labels such as Yves Saint Laurent, Balenciaga and Stella McCartney, said revenue rose 28.4 percent in the third quarter on a like -
for - like basis, which removes the
effect of
currency swings and mergers or acquisitions.
Foreign
Currency Conversion 0 % For Purchases or Cash Advances in a foreign currency, that foreign currency will be converted into Canadian dollars at the exchange rate set by Visa International in effect on the day the transaction is posted to your Account, plus a 0 % currency conversion
Currency Conversion 0 %
For Purchases or Cash Advances in a foreign
currency, that foreign currency will be converted into Canadian dollars at the exchange rate set by Visa International in effect on the day the transaction is posted to your Account, plus a 0 % currency conversion
currency, that foreign
currency will be converted into Canadian dollars at the exchange rate set by Visa International in effect on the day the transaction is posted to your Account, plus a 0 % currency conversion
currency will be converted into Canadian dollars at the exchange rate set by Visa International in
effect on the day the transaction is posted to your Account, plus a 0 %
currency conversion
currency conversion charge.
The
currency conversion rate
for international transactions as established by VISA International, Inc. is a rate selected by VISA from the range of rates available in wholesale
currency markets
for the applicable central processing date, which rate may vary from the rate VISA itself receives, or the government mandated rate in
effect for the applicable central processing date.
ETN has a knack
for finding its way into the news, which has major
effects (in a positive way) on the
currency.
As most index investors know, it's common
for funds that hold foreign stocks or bonds to hedge their
currency exposure to protect Canadians from the
effects of a rising loonie.
With positive
currency effects (as was the case with CAD / basket and EAFE index over 2006 to 2011),
currency - hedged investors are trailing even more because investors did not get the
currency boost and paid
for their hedging efforts through tracking error.
All transactions in foreign
currencies will be converted to U.S. dollars and posted to the applicable account at the exchange rate selected by Visa or MasterCard from the range of rates available in wholesale
currency markets or the government mandated rate in
effect for the applicable processing date.
There are two schools of thought on
currency hedging: one holds that
currency fluctuations «cancel out»
for a long - term investor and the other holds that
currency fluctuations have a significant
effect on equity performance and should be hedged away.
By adopting a global perspective, investors gain access to a larger pool of potentially great companies, more direct exposure to economic growth potential outside the U.S., the potential
for exposure to less - covered (and therefore potentially more undervalued) companies, and the demonstrable diversification
effects created by
currency exposure (as well as the natural gives and takes of economic activity around the globe).
News and Information Channels You are always going to have to keep your finger on the pulse of all current news stories
for the very second a news story breaks that may affect the value of commodities such as Gold or Silver or any news story that is going to have an
effect on the share price of a company or the
currency value of any country you need to be able to react instantly and place your Binary Options accordingly.
Thomas, I do believe if you buy IVV (S&P 500 denominated in USD traded on AMEX) you are right there are
currency effects, and if you bought the XIN version on the TSX you have the product hedged — however
for international exposure if you bought EFA on the AMEX you would not necessarily have those same CAD / USD
currency effects.
For the period ended May 31, 2011, the effect of warrants with equity risk exposure held of $ (125,221,529), $ 304,186, and $ (205,075) for the Fairholme Fund, the Income Fund, and the Allocation Fund, respectively, is included with Net Change in Unrealized Appreciation / Depreciation on Investments and Foreign Currency Related Transactions on the Statements of Operatio
For the period ended May 31, 2011, the
effect of warrants with equity risk exposure held of $ (125,221,529), $ 304,186, and $ (205,075)
for the Fairholme Fund, the Income Fund, and the Allocation Fund, respectively, is included with Net Change in Unrealized Appreciation / Depreciation on Investments and Foreign Currency Related Transactions on the Statements of Operatio
for the Fairholme Fund, the Income Fund, and the Allocation Fund, respectively, is included with Net Change in Unrealized Appreciation / Depreciation on Investments and Foreign
Currency Related Transactions on the Statements of Operations.
The exchange rate between the transaction
currency and the billing
currency used
for processing international transactions is a rate selected by Visa from a range of rates available in wholesale
currency markets
for the applicable central processing date, which rate may vary from the rate Visa itself receives or the government - mandated rate in
effect for the applicable central processing date.
A long - term
effect of the Great Depression was the departure of every major
currency from the gold standard, although the initial impetus
for this was World War II (see Bretton Woods Accord).
In the past couple of updates on the performance of
currency - neutral funds, we found that these funds do not quite live up to the expectation of removing the
effects of
currency fluctuations
for a modest cost.
However, this net
effect will be lessened if the abroad investors merge their money into the bringing in country «s securities, as these operations will scale up the necessity
for the importing country «s
currency, leading it to increase the price.
Ignoring the
currency effect ends up with an IRR that is not relevant
for that investor.
The exchange rate between the transaction
currency and the billing
currency used
for processing Foreign Transactions is a rate selected by Visa from the range of rates available in wholesale
currency markets
for the applicable central processing date, which may vary from the rate Visa itself receives, or a government - mandated rate in
effect for the applicable central processing date, in each instance.
Local
currency will be converted to U.S. dollars on the day final payment is received
for the event using a published rate of exchange in
effect at time of conversion.
The version included features a variant cover found only in these special editions Exclusive game pack: The Ellie Edition showcases the character Ellie on the game pack artwork, while the Joel Edition will feature Joel's face Collectable poster: an exclusive screen print
effect poster of each character can be found in their respective editions DUALSHOCK ® 3 skin: skin your PS3 ™ controllers with Joel or Ellie, depending on which edition you decide to order Survival DLC Pack Multiplayer Bonuses: Bonus XP Melee booster In - game
currency Customizable character items Bonus Joel and Ellie skins available once the single player game is completed Sights & Sounds DLC Pack Official Game Soundtrack by Academy Award winning musician Gustavo Santaolalla PS3 ® Dynamic Theme PSN Avatars: Winter Joel & Ellie LittleBigPlanet ™ Sackboy Skins: voucher codes
for a downloadable Joel skin or a downloadable Ellie skin
for your Sackboy character depending on which special edition you choose
Other EA titles like Dragon Age 2, Mass
Effect 3, Dead Space 3, and various FIFA products attest to a thorough butt - reaming by EA, through either getting ripped off
for in - game
currency or the real kind.
I'm sure there is room
for reasonable difference in opinion about the magnitude of the
effect, but its existence is common
currency among people who are actually working in the area!
Even though the stability of the euro area may have repercussions on the stability of the
currency used within that area, an economic policy measure can not be treated as equivalent to a monetary policy measure
for the sole reason that it may have indirect
effects on the stability of the euro.»
(4) Where an obligation enforceable in Ontario provides
for a manner of conversion to Canadian
currency of an amount in a foreign
currency, the court shall give
effect to the manner of conversion in the obligation.