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Chalanachithram.com DB » TF Industry related » Archive through December 05, 2011 » GSK braces, plans for possible collapse of euro currency « Previous Next »

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Conquas
Junior Artist
Username: Conquas

Post Number: 58
Registered: 11-2011
Posted From: 99.82.251.78

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Posted on Monday, December 05, 2011 - 10:50 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Ashton:




True brother... Chetta na kondi cnbc gaadu cheppedhi chesedhi chala different.... I trust only barrons and ibd..... Bloomberg is far better than cnbc... But very few follow it seems..
Bulls make money, bears make money, pigs get slaughtered. Don't get greedy.. don't know why most of the times i am loosing money..
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Ashton
Hero
Username: Ashton

Post Number: 13588
Registered: 05-2008
Posted From: 205.234.140.219

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Posted on Monday, December 05, 2011 - 09:51 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Conquas:

Cnbc gaadu max... Try chesthunnadu... Mall market padeyataniki choosthunnadu.


LOL..true....Euro collapse....Euro disaster....Dow to return to 10k .......Looks like he is trying to make money out of negative news articles..
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Conquas
Junior Artist
Username: Conquas

Post Number: 56
Registered: 11-2011
Posted From: 99.82.251.78

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Posted on Monday, December 05, 2011 - 09:18 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Ashton:




This news is already priced in the market... Cnbc gaadu max... Try chesthunnadu... Mall market padeyataniki choosthunnadu... If you are in stock market... Check the vix options... According to me we are going to see market is in Santa rally....

Entikaburlu maastaru... Need your expert opinion...
Bulls make money, bears make money, pigs get slaughtered. Don't get greedy.. don't know why most of the times i am loosing money..
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Ashton
Hero
Username: Ashton

Post Number: 13582
Registered: 05-2008
Posted From: 205.234.140.219

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Posted on Monday, December 05, 2011 - 06:37 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

http://www.businessinsider.com/breaking-sp-will-put-6-aaa-ra ted-eu-countries-on-creditwatch-negative-2011-12

REPORT: S&P PUTS ALL 17 EUROZONE COUNTRIES ON CREDIT WATCH NEGATIVE
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Ashton
Hero
Username: Ashton

Post Number: 13581
Registered: 05-2008
Posted From: 205.234.140.219

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Posted on Monday, December 05, 2011 - 06:21 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

http://wraltechwire.com/business/tech_wire/news/blogpost/104 63006/


RESEARCH TRIANGLE PARK, N.C. — GlaxoSmithKline (NYSE: GSK) and other multinational companies are taking steps to prepare means of transferring funds in the event the euro currency fails, according to The Guardian newspaper in the U.K.

"As part of our standard risk management practice, GSK has undertaken planning to optimize its operations in the event of a country leaving the eurozone,” GSK told the newspaper. “This includes preparations to ensure uninterrupted flow of the funds that are needed to continue the operations of our business."

The ongoing financial crisis in Europe is threatening the multi-national currency.

The Guardian described the moves by GSK, Unilever, Vodafone and others as “thinking the unthinkable and planning for the collapse of the euro.”

“Companies are reluctant to go into detail about what they would do if faced with what analysts agree would be a financial catastrophe,” The Guardian reported. “But audit and risk committees, staffed by non-executive directors, are examining worst-case scenarios across Britain.”

One economist told the newspaper that if some countries ditch the euro their own national currencies would face “dramatic devaluation” when converted to British sterling, thus affecting corporate profits. Contracts requiring payment in euros also would be affected. Further, companies’ assets in countries bolting the euro also could be affected.

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