Goldman Sachs analysts
said currency effects were to blame for a disconnect between earnings growth beats and stocks» performance.
Not exact matches
«Derivatives should have the
effect of bringing a deeper liquidity to the market which should reduce volatility,»
said Alistair Milne, chief investment officer and co-founder of Altana Digital
Currency Fund that is based in Monaco.
«The most significant drag is primarily felt by emerging market economies, who tend to be more sensitive to shifts in global risk sentiment, which can also have large adverse
effects on capital flows and
currency valuations,» the note
said.
He
said the latest and toughest sanctions resolutions against North Korea «are working, having an
effect on the situation... on the capacity of the regime to obtain hard
currency because to go along with the military programs or missile or nuclear (programs) you need money, and that's the objective.»
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.
For the first quarter of 2015, Ford
said 70 percent of its global revenue decline was due to the
effects of
currency - exchange fluctuations.
Even net of any
currency effects European markets have been a bit disappointing in the last year or so,»
said Kevin Gardiner, global investment strategist at Rothschild Wealth Management.
Revenue from equities trading as well as advising on mergers, IPOs and debt issuance helped fuel gains at the investment bank, with UBS
saying the results would have been even stronger excluding
currency effects.
- Altice
said on Nov. 2 it generated 5.8 billion euros of revenue in the three months to the end of September, up 0.3 percent from a year earlier after stripping out the
effects of
currency movements.
«We saw about $ 60 million of negative
currency effects in 2013, primarily in the back half of the year,» Mr. Allen
said on a conference call.
Dutch health - technology group Philips on Jan. 30
said its revenue in the fourth quarter of 2017 was 5.3 billion euros — up 5 percent compared with a year earlier, excluding the
effects of deals and
currency moves.
There is an explicit clause that has been inserted into the regulation with legal
effect, effectively representing Britain's position, which essentially
says no action, proposal or policy of the European Central Bank should directly or indirectly discriminate against any member state or group of member states in any
currency, in
effect.
The owner of Cartier
said sales had increased by 12 percent when
currency effects were stripped out compared with a year earlier.
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.
That backdrop should stretch into this year, Hermès
said, even as the company deals with tougher year - ago comparisons — like in its silk division during the fourth quarter — and some negative
currency effects.
Swan
says that hedging the entire position generally protects U.S. investors from adverse
currency effects because emerging markets and their
currencies tend to rise and fall in tandem.
«In view of the associated risks, it has been decided that, with immediate
effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling [virtual
currencies],» India's central bank
said.
Along with their monetary policy statement, the RBI
said the ban on «dealing with or providing services to any individuals or business entities dealing with or settling virtual
currencies» will take
effect immediately.
«In addition, we will continue to rectify the side
effects of virtual
currency speculation, but we will make balanced policy efforts to ensure that government measures do not hinder the development of technology such as block chains,» the government
said, according to a translation.
Dixons Carphone
said «
currency fluctuations have meant that handsets have become more expensive whilst technical innovation has been more incremental» - and that's having a negative
effect on sales.
Unlike Bitcoin, which had transparent aims of revolutionizing
currency by the people for the people with anticipated good
effects on any economy, Bitcoin Cash did not, he
said.
The German Finance Ministry
said it makes sense to consider virtual
currencies» speculative risks and their
effects on the international financial system.