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Marenne M

Companies with foreign debt likely to feel the heat when US hikes rate - 0 views

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    This article describes how the strengthening of the USD will cause problem for the countries which are in debt with the US. As the value of the US dollar rises, the countries in debt will have to compensate for a larger amount of money due to the increase in value of the USD. As a result, their debt increases.
Aleksi B

Apple reports $57.6B revenue for Q1 2014: 51M iPhones, 26m iPads, 4.8m Macs, 6m iPods |... - 0 views

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    This article talks about Apple and their latest success as they report 57.6 billion USD in revenue selling 26 million iPads, 4.8 million Macs, 54 million iPhones and 6 million iPods
Amanda Anna G

GBP/EUR, GBP/USD, GBP/AUD, GBP/NZD Exchange Rates All Weaker on House Price Falls - Exc... - 1 views

  • The Pound (GBP) exchange rate remained weaker against the majority of its most traded peers on Thursday as house price data added to concerns that the UK economy is slowing down and reduced pressure on the Bank of England (BoE) to raise interest rates.
  • Against the US Dollar, the Pound weakened to a fresh 14-month low and against the Euro, it declined to its weakest level in three weeks. Against the Australian and New Zealand Dollars, the Pound fell to its lowest level in 2-weeks.
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    This article is about the exchange rate in the UK for the Pund (GBP), which has become weaker during the past weeks. This implies that the UK economy is slowing down. 
Hyobin Lim

Russia's Currency Is Plummeting and Putin's Billionaires Are Cannibalizing Each Other - 2 views

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    The article concerns over the depreciation of the Ruble over the recent months that have passed. It was predicted that the Ruble would reach approximately 32.86 Rubles to the US dollar. However last month (November 1st to be exact), the Ruble reached a staggering 43 rubles to one US dollar. Being a 30 percent increase before the predicted depreciation. It has depreciated so suddenly and so quickly that the value is being measured, monitored, and shown by the minute rather than the day. Thus creating panic.
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    Despite the Russian Central Bank's spending of $40 billion over the last two months, the ruble has been significantly dropping for weeks. The price of 1 USD was 32.86 rubles in January, but is now 43 rubles, a drop of over 30%. Food prices in Russia have sky rocketed, dairy and meat costing over 10% more.
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