Posts Tagged as ‘China Railway’

October 23, 2008

Two More Chinese Firms Post Forex Losses

Misery loves company. China Railway and China Railway Construction have joined Citic Pacific in revealing disastrous bets on foreign-exchange.
China Railway booked a $285 million loss and China Railway Construction booked a $45 million loss on forex operations in the first nine months of the year and in the third quarter respectively, Bloomberg reports. That combined [...]