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    News and Articles on Foreign Exchange Rate

    Archives: Foreign Exchange Rate

    MORE ON HONDA: Stock quote and Wikinvest commentary  Jan 6, 2009
    Large foreign exchange rate risk ... Large foreign exchange rate risk ... Despite efforts to hedge currency risks, Honda's global operations expose the company to fluctuating foreign exchange rates. (USA Today -- Money)

    Red Hat earnings increase  Dec 23, 2008
    9 million due to foreign exchange rate changes, while expenses declined by just $4. 8 million. (Raleigh Triangle Business Journal, NC)

    Forex reserves: The more, the better?  Dec 22, 2008
    These assets are basically used to finance international transactions, to serve as a buffer stock to face unexpected payments difficulties, and to allow implementation of monetary and foreign exchange rate policies. International reserves accumulation has been the favoured policy of most developing economies since the Asian financial crisis (1997-98). (The Star Online, Malaysia -- Business)

    Genworth Financial Announces Workforce Actions to Address Expense Reduction Goals  Dec 19, 2008
    -- Risks relating to our International segment, including political and economic instability, foreign exchange rate fluctuations, unexpected changes in unemployment rates, unexpected increases in mortgage insurance delinquency 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, changes in regulations, and growth in the global... (PR Newswire)

    Xenos Earns $0.15 per Share for F2008  Dec 17, 2008
    06) Weighted average number of shares - Basic 9,995,562 9,938,665 - Diluted 10,146,085 9,938,665 ------------------------------------------------------------------------- Deficit, beginning of year $(37,206,488) $(36,573,188) Net income (loss) 1,496,371 (633,300) ------------ ------------- Deficit, end of year (35,710,117) (37,206,488) ------------ ------------- Xenos Group Inc. Consolidated Balance Sheets (Unaudited) As at September 30 September 30 2008 2007 --------------------------- ASSETS... (PR Newswire)

    Enghouse Releases Fourth Quarter Results and Announces Dividend  Dec 17, 2008
    2 Enghouse Systems Limited Consolidated Statements of Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss (in thousands of Canadian dollars) (Unaudited) Three months ended Twelve months ended October 31 October 31 ---------------------------------------------------------------------------- 2008 2007 2008 2007 ---------------------------------------------------------------------------- Net income (loss) for the period $ 2,333 $ (655) $ 6,002 $ 5,510 Other comprehensive income... (CCNMatthews Press Releases)

    TELUS sets 2009 financial targets  Dec 16, 2008
    5%; downward pressure on wireless average revenue per unit; new competitive wireless entry beginning in the fourth quarter of 2009 with most entrants starting in 2010; approximately $50 to $75 million restructuring and workforce reduction expenses; statutory tax rate of approximately 30 to 31%; cash taxes of approximately $320 to $350 million; foreign exchange rate between the U.S. dollar and Canadian dollar forecasted at $0. 80 USD/CAD; and a pension accounting discount rate of 7. (Canada Newswire)

    Arawak updates shareholders on Rosco Offer Process  Dec 15, 2008
    These risks and uncertainties include, but are not limited to, risks associated with the oil and gas industry (including 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... (Canada Newswire)

    China to step up bank lending in 2009 amid crisis: government  Dec 14, 2008
    The cabinet also said lending rates could be further lowered and the foreign exchange rate given further flexibility. China's commercial banks would seek to issue 4. (Yahoo! Asia News)

    Brokers' Call  Dec 13, 2008
    The company is highly sensitive to foreign exchange rate as 85% of its total revenue is derived from the export market. Recommendation: We downgrade our call to HOLD from Buy with a 60 sen price target (from RM1 previously) based on 4x CY2009 EPS. We have revised our PE target to its previous low-cycle PE (from mid-cycle PE of 6x) given the bleak outlook on global MDF demand as well as rising raw material prices. (The Star Online, Malaysia -- Business)

    Toyota to suffer 1.1 billion dollar loss for 2nd half: reports  Dec 13, 2008
    Toyota assumed a foreign exchange rate of 100 yen against the dollar for the October-March period, but the dollar has fallen to around 90 yen due partly to concern about the future of the troubled US automakers. ADVERTISEMENT. (Yahoo! Asia News)

    Canadian Oil Sands provides 2009 Budget  Dec 10, 2008
    00 ------------------------------------------------------------------------- Foreign Exchange Rate (US$/Cdn$) $0 ... In particular, cash from operating activities is highly sensitive to crude oil prices and US/Canadian dollar foreign exchange rates ... Forward-looking statements in this release include, but are not limited to, statements with respect to: the expected production in 2009; the expected operating costs for 2009; the amount of cash from operating activities in 2009; the reduced... (PR Newswire)

    CORRECTION: International Datacasting Corporation Announces Fiscal 2009 Third Quarter Financial Results  Dec 9, 2008
    00 Weighted average number of shares outstanding Basic 56,392,413 43,638,663 Diluted 57,436,921 48,754,294 International Datacasting Corporation Unaudited Consolidated Statement of Cash Flows For The Nine Months Ended October 31, 2008 October 31, 2007 Operating Activities Net earnings $1,373,420 $572,212 Add items not requiring an outlay of cash: Amortization 875,763 686,101 Future income taxes (175,009) - Stock-based compensation 122,387 192,071 Net change in operating components of working... (CCNMatthews Press Releases)

    Lance, Inc. Announces Successful Bid to Purchase Assets of Archway Cookies LLC  Dec 4, 2008
    Factors that could cause actual results to differ, including price competition and industry consolidation, increases in prices or availability of ingredients, product price increase impact on total revenue, risks from large customers, changes in consumer preferences, implementation of a new information system, product recalls or safety concerns, food industry and regulatory factors, acquisition and divestiture risks, ability to execute strategic initiatives, interest rate, foreign exchange rate... (PR Newswire)

    China takes heart in BHP bid collapse  Nov 26, 2008
    Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)

    ChinaEdu Reports Third Quarter 2008 Results  Nov 25, 2008
    03) Weighted average aggregate number of ordinary shares outstanding: Basic 41,178,412 58,259,651 58,259,651 Diluted 41,178,412 58,259,651 58,259,651 ChinaEdu Corporation Unaudited Condensed Consolidated Statements of Cash Flow Three Months Ended September June September September (in thousands) 30,2007 30,2008 30,2008 30,2008 RMB RMB RMB US$ Operating activities: Net income (19,424) 9,187 (15,309) (2,253) Minority interest 5,065 8,415 7,397 1,089 Share-based compensation 1,180 1,671 1,494 220... (PR Newswire)

    Lady Julia inaugurates Sinapi Aba Trust office in Kumasi  Nov 14, 2008
    He said the steady growth of the economy more especially the stability of key macro economic indicators such as inflation and the foreign exchange rate had impacted positively on business activities. Professor Gyan-Baffour stressed the need to promote convergence, integration, and development of the entire financial services industry in order to exploit the full potential for effective financial intermediation and sustained growth. (Ghana Web, Ghana)

    Ag Growth Announces Q3 2008 Results and Distributions  Nov 14, 2008
    A number of factors could cause actual results to differ materially from results discussed in the forward-looking statements, including changes in national and local business conditions, crop yields, crop conditions, seasonality, industry cyclicality, volatility of production costs, commodity prices, foreign exchange rates, and competition ... The Fund's gain (loss) on foreign exchange on the income statement is comprised of gains or losses on foreign exchange hedging contracts as well as the... (CCNMatthews Press Releases)

    Asian Markets Tumble on Grim US Corporate News  Nov 13, 2008
    Traders watch stock prices and foreign exchange rate at a foreign exchange in Tokyo Thursday, Nov.. Traders watch stock prices and foreign exchange rate at a foreign exchange in Tokyo Thursday, Nov. 13, 2008. (ABC News -- Wire)

    Europe, Asian markets down amid recession fears  Nov 13, 2008
    Traders watch stock prices and foreign exchange rate at a foreign exchange in Tokyo Thursday, Nov. 13, 2008. Stocks sank in Japan early Thursday after another bad day on Wall Street. (North County Times)

    LML Reports September 30, 2008 Financial Results  Nov 12, 2008
    00 par value, 150,000,000 shares authorized, issuable in series, none issued or outstanding -- -- Common shares, no par value, 100,000,000 shares authorized, 27,116,408 and 26,341,832 issued and outstanding, respectively 50,039,568 48,071,980 Accumulated other comprehensive loss (5,496) (19,046) Contributed surplus 6,089,601 5,391,187 Deficit (34,187,796) (34,206,622) ----------- ----------- Total shareholders' equity 21,935,877 19,237,499 ----------- ----------- TOTAL LIABILITIES AND... (Primezone Releases)

    Vodafone shares surge on plan to protect earnings  Nov 11, 2008
    Vodafone said it revised the dividend policy because of the recent foreign exchange rate volatility, the effect of amortization of acquired intangible assets and the current economic environment. Vodafone has adopted a "progressive policy," where dividend growth will reflect the underlying trading and cash performance of the company. (International Herald Tribune -- Business)

    Fairborne Energy Ltd. Reports Record Quarterly Production and Cash Flow  Nov 10, 2008
    - employing risk management instruments to minimize exposure to volatility of commodity prices, interest rate and foreign exchange rates ... d) EQUITY BASED COMPENSATION i) Incentive Plan The following table sets forth a reconciliation of the equity based incentive plan activity for the nine months ended September 30, 2008: ---------------------------------------------------------------------------- Number of Number of Restricted Performance Units Units Total... (CCNMatthews Press Releases)

    First Capital Realty Announces continued solid Q3 financial results also announces senior management appointments  Nov 7, 2008
    Specific assumptions include same property NOI growth excluding redevelopment and expansion activities of 2-3%, income-producing property acquisitions totalling $50 million, development coming on line of 800,000 to 850,000 square feet with approximate gross book value of $200 million to $230 million and the current interest rate environment and current US-Canadian foreign exchange rate. The range presented represents Management's estimate of results based upon these assumptions as of the date of... (Canada Newswire)

    UPDATE 1-Canada calls for Chinese exchange rate flexibility  Nov 6, 2008
    It says the tightly controlled foreign exchange rate gives it an unfair advantage and hurts exports in other countries, causing deficits. "The inflexibility of some of the Asian currencies is a persistent issue. This has been going on for years and remains a concern that I'm sure will be discussed because it's part of the major economic issues that we have in terms of a functioning economy globally," Flaherty said. (Reuters)

    Delphi Energy Reports 44% Increase in Cash Flow on Record Production  Nov 6, 2008
    97 56 Foreign Exchange Rate Canadian to US dollar 0 ... 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 the fair value of future cash flows will fluctuate as a result of changes in foreign exchange rates. (CCNMatthews Press Releases)

    SunPower Announces Impact of Recent Foreign Exchange Rate Volatility  Nov 5, 2008
    SunPower has historically operated under a hedging policy to minimize its exposure to changes in the foreign exchange rate between the U.S. dollar and other currencies. In connection with its global tax planning the company recently changed the functional currency of certain European subsidiaries from dollars to Euros, resulting in greater exposure to changes in the value of the Euro. (PR Newswire)

    Northgate Reports Third Quarter 2008 Financial and Operating Results  Nov 4, 2008
    Based on the forecasted gold and copper prices and the foreign exchange rates at the date of this MD in the current production forecasts, the Corporation believes that its working capital at September 30, 2008, together with future cash flow from operations, is more than sufficient to meet Northgate's normal operating requirements for the next year ... Market Risk - Market risk is the risk that changes in market prices, such as commodity prices, foreign exchange rates and interest rates, will... (Canada Newswire)

    Monterey Exploration Ltd. Announces Its Financial and Operating Results for the Three and Nine Months Ended September 30, 2008  Nov 4, 2008
    In particular, forward-looking statements included in this press release include, but are not limited to, statements with respect to the amount and timing of capital expenditures incurred in the remainder of 2008 and in 2009, 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 receipt of availability of production... (CCNMatthews Press Releases)

    Versatile Reports the Results for Its First Quarter  Nov 3, 2008
    00) --------------------------- --------------------------- -------------------------------------------------------------------------- Versatile Systems Inc. Consolidated Statements of Comprehensive Income (Loss) (unaudited - prepared by management) -------------------------------------------------------------------------- Expressed in U.S. dollars Three months ended September 30 2008 2007 --------------------------- Net earnings (loss) for the period 56,615 (56,504) Other comprehensive income... (CCNMatthews Press Releases)

    Kit Siang slams two deputy ministers for not knowing the facts  Nov 1, 2008
    I pointed out that the helicopter tender made it very clear that the bids would be evaluated as quoted in Malaysian ringgit based on the foreign exchange rate on the closing date of the bid, he said. Lim said Deputy Home Minister Datuk Chor Chee Heung s statement in Parliament on the deferment of the purchase of police helicopters contradicted with that of Minister in the Prime Minister s Department Datuk Amirsham Aziz. (The Star Online, Malaysia)

    NuVista Energy Ltd.: Third Quarter Interim Report 2008  Oct 31, 2008
    90/mcf for AECO natural gas, US$70 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)

    Canadian Oil Sands Trust announces third quarter 2008 results and a reduction in the quarterly distribution to $0.75 per Trust unit  Oct 30, 2008
    Canadian Oil Sands may, however, hedge foreign exchange rates in the future, depending on the business environment and growth opportunities ... 50 Foreign exchange rate (US$/Cdn$) $ 0. (PR Newswire)

    * UMC posts first loss in seven years  Oct 30, 2008
    The average selling price may rise slightly after excluding the foreign exchange rate factor, UMC said. Low gross margin and factory usage may drive the chipmaker into operating losses in the fourth quarter, Lee said. (Taipei Times, Taiwan -- World)

    Asian Stocks Surge On Rate Cuts  Oct 30, 2008
    "Fear had sparked excessive selling of the won. I hope the swap deal will stabilize not only the foreign exchange rate but also the entire financial markets," Governor of the Bank of Korea, Lee Seong-tae, told reporters after swap was announced. That certainly was the case in South Korea. (Forbes -- Markets)

    Ministry explains Eurocopter deal in Parliament  Oct 30, 2008
    The pricing also took into consideration the foreign exchange rate differences, he added. Since the Government had postponed the purchase of the Cougar, Abu Seman said the LOI would enable it to negotiate technical and price issues with the manufacturer later on. (The Star Online, Malaysia -- News)

    Cereal, snack sales boost Kellogg's 3Q profit  Oct 30, 2008
    In 2009 the company said it expects sales to grow in the mid-single-digit percentage range, excluding the foreign exchange rate and acquisitions. It expects earnings per share growth in the high-single-digit percentage range. (San Diego Union-Tribune -- Business)

    Symantec Corp. F2Q09 (Qtr End 10/03/08) Earnings Call Transcript  Oct 30, 2008
    In saying this, I am accounting for the increasing costs driven by the acquisition of PC Tools and am assuming a foreign exchange rate of $1 ... It would very much accentuate the volatility we saw in the foreign exchange rates towards the ends of the quarter. (Seeking Alpha, NY)

    Quaker Chemical Announces Record Quarterly Sales and Higher Earnings  Oct 29, 2008
    The increase in net sales was primarily due to higher sales prices and foreign exchange rate translation ... Foreign exchange rate translation increased revenues by approximately 5 ... Selling, general and administrative expenses ("SGcreased $1.7 million, compared to the third quarter of 2007, due to foreign exchange rate translation. Investments in higher growth areas, as well as inflationary increases, were offset by lower legal, environmental and other costs. SG percentage of sales was 24%... (PR Newswire)

    Procter & Gamble posts higher profit, sales  Oct 29, 2008
    25, because of the volatility of the commodities market, as well as the foreign exchange rate, the company said. The outlook includes an estimated 50 cents per share from the sale of the Folgers business and about 12 cents from incremental restructuring charges. (Cincinnati Business Courier, OH)

    IOI Corp still best exposure to plantation sector  Oct 28, 2008
    OSK Research said IOI Corps management had clarified its foreign currency positions were to lock in the foreign exchange rate on its future proceeds from forward sales, hence these are back-to-back positions. The research house said there were timing differences from the time the foreign exchange rate was locked in until the time the foreign currency proceeds were received. (The Star Online, Malaysia)

    Pfizer's Plan Needs Adjusting  Oct 23, 2008
    A favorable foreign exchange rate added 2. 0% to revenues. (Forbes)

    Telstra says national broadband costs up  Oct 14, 2008
    Telstra chief financial officer John Stanhope told a business lunch in Sydney that the drop in the foreign exchange rate would make it more expensive to build the network in capital cities ... "We said that some time ago, and if you look at the things that have happened since, like foreign exchange rates have dropped, that adds to your costs," Mr Stanhope said. (Sydney Morning Herald)

    EBay plans to cut workforce 10 percent  Oct 8, 2008
    John Donahoe, eBay's chief executive, said that reducing staff will "make us a nimbler, more efficient organization." He acknowledged that the economy and an unfavorable foreign exchange rate are hurting the company's finances, although the cuts largely are prompted by internal problems. Imran Kahn, an analyst with JPMorgan, said in a note to investors, "We believe the cuts could help position eBay to more efficiently weather the current challenging economic environment.". (San Francisco Chronicle)

    Changes and challenges with China's 30 years reform and opening up  Oct 7, 2008
    The Chinese government launched reforms of the exchange rate system on July 21, 2005, introducing a managed floating foreign exchange rate system after discontinuing the former foreign exchange regime pegged to the U.S. dollar. The goal of the exchange rate reform is to build a managed, floating exchange rate mechanism based on market supply and demand. (Xinhuanet, China)

    UTi Worldwide Reports Fiscal 2009 Second Quarter Results  Sep 4, 2008
    Many important factors may cause the company's actual results to differ materially from those discussed in any such forward-looking statements, including but not limited to economic conditions that are adversely affecting trade volumes; the company's clients' demand for its services; the impact of cost reduction measures recently undertaken by the company and the amount and timing of the expected benefits from such measures, including expected severance costs and dispositions of existing... (Primezone Releases)

    Saft Groupe SA Reports 2008 First Half Earnings  Aug 28, 2008
    Foreign exchange rate changes have negatively impacted the result of IBG, partially offset by the division having significant purchases of metals in USD. Saft has taken advantage of the falling nickel price to increase its hedging to 80% of its needs for H2 2008, and has also taken positions for a lesser proportion of its needs in H1 2009. Specialty Battery Group (SBG) SBG sales increased by 3. (PR Newswire)

    Henderson Group Says First-Half Profit Drops 53%, CEO Yates Will Step Down  Aug 28, 2008
    Profit was hurt by ``unfavorable market and foreign exchange rate movements'' and clients withdrawing money from its Pearl unit, Henderson said. Assets under management dropped to 52. (Bloomberg -- UK)

    Rajrishi Singhal: Competion Act  Aug 20, 2008
    Section 20(3) of the Act requires the government to increase or reduce the threshold levels every two years, on the basis of either the wholesale price index or the foreign exchange rate. There is a whole range of other contentious issues that is exercising industry, such as the large tracts of ambiguous drafting or the powers granted to the government. (India Times)

    Zi Corporation Reports Second Quarter 2008 Results of Operations  Aug 14, 2008
    05) --------------------------------------------------------------------------- Weighted average number of common shares outstanding - basic and diluted 50,576,089 50,542,579 50,567,023 47,358,258 Common shares outstanding, end of period 50,607,957 50,557,957 50,607,957 50,557,957 --------------------------------------------------------------------------- Consolidated Statements of Cash Flow Three Months Six Months Ended June 30, Ended June 30,... (CCNMatthews Press Releases)

    * ASE sees 6% drop in Q2 earnings, blames forex woes  Aug 6, 2008
    Advanced Semiconductor Engineering Inc (ASE, b) said yesterday that earnings shrank 6 percent in the second quarter as an unfavorable foreign exchange rate eroded gross profit margins. The worlds top chip packager also said it expects weaker-than-forecasted growth this quarter because of global economic weakness. (Taipei Times, Taiwan -- World)

    MicroStrategy Announces Second Quarter 2008 Financial Results  Aug 5, 2008
    001 par value; 165,000 shares authorized; 2,770 issued and outstanding, respectively 3 3 Additional paid-in capital 450,464 448,229 Treasury stock, at cost; 5,047 and 4,929 shares, respectively (366,191) (357,804) Accumulated other comprehensive income 3,744 2,929 Retained earnings 26,382 9,958 Total Stockholders' Equity 114,416 103,329 Total Liabilities and Stockholders' Equity $266,864 $242,191 MICROSTRATEGY INCORPORATED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Six... (PR Newswire)

    TSMC Reports Second Quarter EPS of NT$1.12  Jul 31, 2008
    Despite the negative impact from the foreign exchange rate, our margins have exceeded guidance due to significant cost improvement and higher levels of wafer movements. Second quarter gross margin was 45. (PR Newswire)

    ARM Holdings plc Reports Results for the Second Quarter and Half Year Ended 30 June 2008  Jul 30, 2008
    " Q2 2008 - Revenue Analysis Revenue ($m)*** Revenue (GBPm) Q2 2008 Q2 2007 % Change Q2 2008 Q2 2007 % Change PD Licensing 30.2 45.3 -33% 15.3 23.2 -34% Royalties 51.0 40.1 27% 26.0 20.2 29% Total PD 81.2 85.4 -5% 41.3 43.4 -5% PIPD Licensing 12.6 14.0 -10% 6.4 7.1 -10% Royalties(1) 9.7 7.3 33% 4.9 3.6 36% Total PIPD 22.3 21.3 5% 11.3 10.7 5% Development Systems 16.2 14.1 15% 8.2 7.1 15% Services 8.4 8.4 4.2 4.3 -2% Total Revenue 128.1 129.2 -1% 65.0 65.5 -1% (1) Includes catch-up royalties in... (PR Newswire)

    VisionChina Media Announces Second Quarter 2008 Results and Raises Full-Year Guidance  Jul 25, 2008
    The Company bases these estimates on a foreign exchange rate of RMB 6. 8591 per US$1. (Yahoo! Wire -- Entertainment News)

    EnCana generates second quarter cash flow of US$2.9 billion, or $3.85 per share - up 16 percent  Jul 24, 2008
    00/Mcf for natural gas, an average U.S./Canadian dollar foreign exchange rate of $0. 98, an average Chicago crack spread for 2008 of $10. (Canada Newswire)

    Meirelles Says Investors Expect Brazil's Consumer Price Inflation to Slow  Jun 26, 2008
    Meirelles also said he's confident that ``the markets will adjust the foreign exchange rate if there is any need for that,'' when asked about Brazil's current account. Brazil's real yesterday rose 0. (Bloomberg -- Latin America)

    ATS reports fourth quarter fiscal 2008 results  Jun 18, 2008
    QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)

    Fresenius Medical Care Supports Chinese Earthquake Victims  Jun 11, 2008
    Actual results could differ materially from those described in these forward-looking statements due to certain factors, including changes in business, economic and competitive conditions, regulatory reforms, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. These and other risks and uncertainties are detailed in Fresenius Medical Care AG GaA's reports filed with the U.S. Securities and Exchange Commission. (PR Newswire)

    Gulf currencies need not revalue  May 31, 2008
    At this point in time, a revaluation of the foreign exchange rate will actually be harmful to many fledgling industries in the Gulf, which are trying to acquire international competitiveness. Suppose that Qatar Paints produces a can of paint for 36. (Aljazeera.Net)

    Descartes Reports Fiscal Year 2009 First Quarter Results  May 29, 2008
    02 ========== ========== WEIGHTED AVERAGE SHARES OUTSTANDING (thousands) Basic 52,933 46,672 Diluted 53,636 48,221 ========== ========== THE DESCARTES SYSTEMS GROUP INC. INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (US DOLLARS IN THOUSANDS; US GAAP; UNAUDITED) --------------------------------------------------------------------- ------------------------------ Three Months Ended ------------------------------ April 30, April 30, 2008 2007 ---------- ---------- OPERATING ACTIVITIES Net income... (Primezone Releases)

    Sanyo Expects Operating Profit Fall  May 22, 2008
    said Thursday it expects group operating profit to drop 34. 3 pct in the year ending next March due to investment costs and a stronger yen. (JCN Network, Japan)

    Verenex Energy Inc. to Present at Tristone Capital Global Energy Forum  May 13, 2008
    These risks include, but are not limited to: financing risks; geological risks; drilling risks; risks associated with obtaining regulatory approvals; oil and gas industry operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the ability to attract and retain key personnel; the risk of commodity price and foreign exchange rate fluctuations; the uncertainty associated with negotiating... (Canada Newswire)

    TUSK Energy Corporation: Financial and Operating Results for the Three Months Ended March 31, 2008  May 9, 2008
    07 (4) ---------------------------------------------------------------------------- Foreign exchange rate US dollar to Canadian dollar 1 ... 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 ... Market risk is the risk that changes in market prices, such as foreign exchange rates, commodity prices and interest rates, will affect the Corporation's net earnings or the value of financial... (CCNMatthews Press Releases)

    TSO3: First Quarter 2008 Financial Results  May 8, 2008
    The operations of TSO3 at an international level could be negatively affected by factors such as Canadian and United States foreign trade policies, investments and taxes, foreign exchange rate controls and fluctuations, political instability and increased payment periods. One or more of these factors could have a significantly negative effect on the financial situation and results of the Company. (Canada Newswire)

    Verenex Energy Inc. - First Quarter 2008 Operating and Financial Results  May 8, 2008
    7 million in capitalized General and Administration ("Gd office costs. Outlook The Company currently has two drilling rigs under long term contract which enables the spudding of up to 11 to 12 wells during 2008. Good progress is being made in executing this program with four wells spudded over the January to April 2008 period. Flow testing of the A1-47/04 NFW exploration well in the northern part of Area 47 is expected to commence in mid-May utilizing the KCA DEUTAG Service Rig 32 and be... (Canada Newswire)

    Brazil Stocks Rise as Citi Boosts Forecast for Bovespa; Mexico Bolsa Gains  May 6, 2008
    Updated: New York, May 06 03:34 London, May 06 08:34 Tokyo, May 06 16:34. Brazil Stocks Rise as Citi Boosts Bovespa Forecast; Light Gains. (Bloomberg -- Latin America)

    China's exporters seekdollar balance  Apr 22, 2008
    The new price would be determined by the specific foreign exchange rate. "A small rise in offers is acceptable," said Khaldoun Kalbouneh, general manager of the Furniture World, a trading company headquartered in Palestine. (Asia Times Online)

    Rising yuan: mix for China's exporters to fix  Apr 19, 2008
    The new price would be determined by the specific foreign exchange rate. Feng Bin, Suzhou Chunlan Air Conditioner Co., Ltd general manager, said he hoped to transact via the euro. (Xinhuanet, China)

    Baby foods boost Danone bottom line  Apr 14, 2008
    Danone's like-for-like sales growth, excluding the impact of acquisitions and foreign exchange rate fluctuations, reached 11. 4 per cent in the first quarter. (Globe and Mail -- Business)

    Firan Technology Group (FTG) Announces Robust Sequential Revenue Growth in Q1 2008  Apr 11, 2008
    FIRAN TECHNOLOGY GROUP CORPORATION Interim Consolidated Statements of Cash Flows (in thousands of dollars) ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Three Months Ended --------------------------------- February 29, 2008 March 2, 2007 (unaudited) (unaudited) --------------------------------- NET (OUTFLOW) INFLOW OF CASH RELATED TO THE FOLLOWING ACTIVITIES: OPERATING Net (loss) earnings... (CCNMatthews Press Releases)

    Gold Hawk Resources' First Quarter Gold Production Doubles as Overall Production Results Continue to Improve  Apr 10, 2008
    Such risks and uncertainties include, but are not limited to, risks associated with the mining industry (including operational risks in exploration development and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainties involved in the discovery and delineation of mineral deposits, resources; the uncertainty of resource estimates and the ability to economically exploit resources; the uncertainty of estimates and... (CCNMatthews Press Releases)

    * Currency falls on central bank warning  Mar 29, 2008
    "Perng has been at his post for almost a decade and he is known for his tight grip on the foreign exchange rate," th dealer said. So far this year, the NT dollar has gained 6. (Taipei Times, Taiwan -- World)

    Robbins & Myers Reports Record Second Quarter Results  Mar 27, 2008
    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: a significant decline in capital expenditures in the specialty chemical and pharmaceutical industries; a major decline in oil and natural gas prices; foreign exchange rate fluctuations; work stoppages related to union negotiations; customer order cancellations; business disruptions caused by the... (PR Newswire)

    Economic upgrading must not be delayed  Mar 26, 2008
    We must change the excessively preferential treatments given to foreign investors, enforce the laws and regulations on labor protection, formulate and implement national and local plans for land use and increase the flexibility of the interest rate and foreign exchange rate. Editor: Feng Tao. (Xinhuanet, China)

    Taking a bet on oil sands  Mar 24, 2008
    However, he said the principal was not protected and there could be potentially foreign exchange rate risk for the investor. On yield, Lim said it depended on the currency, tenure and strike rate selected by the customer and the currency pair was selected by the customer (example MYR, SGD, USD, AUD, NZD, GBP, EUR, etc). (The Star Online, Malaysia -- Business)

    Pfizer Foils Generic Ambitions For Lipitor  Mar 22, 2008
    Three percent of the year's sales, or $360 million, stemmed from the favorable foreign exchange rate. Sales fell 2% from the previous year. (Forbes -- Markets)

    Weaker won stokes inflation  Mar 20, 2008
    Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)

    South Korean president warns of dangers of weaker won  Mar 20, 2008
    President Lee Myung Bak of South Korea said on Thursday that the falling won was threatening companies and pushing up domestic inflation, making a rare direct comment on the foreign exchange rate. " /> South Korean president warns of dangers of weaker won Reuters Published: March 20, 2008 Text Size : President Lee Myung Bak of South Korea said Thursday that the falling won was threatening companies and pushing up domestic inflation, making a rare direct comment on the foreign exchange rate. "The... (International Herald Tribune -- Business)

    China economy facing most difficult year: Wen  Mar 18, 2008
    Further adjustments to China's interest rate and foreign exchange rate would only come after the potential benefits and harms of such moves were fully understood, Wen said. Following his remarks, China's central bank announced it would raise its reserve ratio a half percentage point to 15. (Sydney Morning Herald -- World)

    TUSK Energy Corporation: Financial and Operating Results for the Three Months and Year Ended December 31, 2007  Mar 18, 2008
    62 (5) --------------------------------------------------------------------------- Foreign exchange rate US to Canadian dollar 1. 019 0. (CCNMatthews Press Releases)

    Lance, Inc. Acquires Premium Cookie Manufacturer Brent & Sam's, Inc.  Mar 15, 2008
    Factors that could cause actual results to differ, including price competition and industry consolidation, increases in prices or availability of ingredients, product price increases impact on total revenue, risks from large customers, changes in consumer preferences, implementation of a new information system, product recalls or safety concerns, food industry and regulatory factors, acquisition and divestiture risks, ability to execute strategic initiatives, interest rate, foreign exchange rate... (PR Newswire)

    Peyto Energy Trust announces fourth quarter and 2007 year end report to unitholders  Mar 6, 2008
    This causes some or all of the cash flows that otherwise would be required by the contract to be modified according to a specified variable, such as interest rate, financial instrument price, commodity price, foreign exchange rate, a credit rating or credit index, or other variables to be treated as a financial derivative. The Trust has no contracts containing embedded derivatives. (PR Newswire)

    KongZhong Corporation Reports Unaudited Fourth Quarter And Fiscal Year 2007 Financial Results  Mar 5, 2008
    77 KongZhong Corporation Condensed Consolidated Statements of Cash Flows (US$ thousands) (Unaudited) For the Year For the Year Ended Ended December 31, December 31, 2006 2007 Cash Flows From Operating Activities Net Income $24,692 $2,832 Adjustments to reconcile net income to net cash provided by operating activities Share-based compensation 1,638 2,550 Depreciation and amortization 3,030 2,771 Loss on disposal of property and equipment 17 11 Gain on sales of investment (1,241) (208) Changes in... (PR Newswire)

    Liquor Stores Income Fund Reports Record Results  Feb 29, 2008
    75% Convertible Unsecured Subordinated Debentures ("6.75% Debentures) trade on the Toronto Stock Exchange under the symbol LIQ.DB. Through its ownership of Liquor Stores Limited Partnership ("Liquor Stores LP"), the Fund operates 198 retail liquor stores in Alberta and British Columbia and management believes it is the largest liquor store operator in Alberta by number of stores and revenue.On June 8, 2007, the Fund issued 6,817,533 Units to acquire a 75.96% indirect interest in Liquor Barn... (CCNMatthews Press Releases)

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