21. Japanese firms are having trouble finding ways to avoid foreign exchange losses arising from currency turmoil in Southeast Asia, the Nihon Keizai newspaper reported, without citing sources. 22. Kertzman said Sybase changed its revenue recognition policy in Asia to a cash basis from an accrual basis as a result of the currency turmoil there. 23. Korea is the latest Asian country hit by currency turmoil that began in July when Thailand devalued its baht. 24. Large capitalization stocks preferred by institutional investors also declined on concern foreign funds will avoid Southeast Asia because of the currency turmoil. 25. Last week stock markets world wide plunged amid concern Southeast Asia currency turmoil will slow earnings growth. 26. Last week stock markets world wide plunged amid concern Southeast Asia currency turmoil will slow growth. 27. Many companies have seen their debt-servicing costs rise since the Southeast Asia currency turmoil began sweeping through the region in July. 28. Many predicted the Fed would hold rates steady to avoid aggravating financial and currency market turmoil in Asia. 29. Now, Southeast currency turmoil coupled with political concerns at home, threaten to push the rupee conversion issue on the backburner. 30. Philippine stocks fell, led by Ayala Land Inc. and Metro Pacific Corp., as the currency turmoil showed no signs of subsiding. |
|