Samsung drops on lower earnings forecasts

Source: Bloomberg
Samsung Elections, the world's largest producer of flat screens and memory chips tumbled to four-month record low on speculation second quarter's revenues may fail to meet analysts' expectations. Taurus Investment and Securities today cut the estimated for firm's  second quarter's operating profit from KRW 7.2 trillion to KRW 6.9 trillion (USD 6 billion).
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Mon, 25 Jun 2012 06:24:11 GMT

Yuan falls to 7-month low on PBOC currency intervention

Chinese Yuan dropped to 7-month record low after PBOC lowered the reference rate of currency to support country's exports amid slowing world demand. Nation's central bank lowered its daily fixing by 0.3% to CNY 6.3230. Chinese currency depreciated 0.2% to CNY 6.3769 at Shanghai trade. 

Mon, 25 Jun 2012 06:35:13 GMT

Germany expected to confront other European leaders

Germany is likely to go against the expanding bloc of Eurozone countries that require more decisive policies to rescue common currency area. Italian and Spanish leaders have join other nations calling for more incremental approach from Germany. Before the Brussels EU summit region's officials will gather in pre-summit meetings to discuss key disagreements. 

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