China Yuan Still `Moderately Undervalued'

Aug. 2 (Bloomberg) -- Jeremy Stretch, London-based head of currency strategy at Canadian Imperial Bank of Commerce, talks about the outlook for global currencies. He speaks in Hong Kong with John Dawson on Bloomberg Television's "On the Move." (Source: Bloomberg)

Steel Price Rise Not Enough to Meet Thyssenkrupp’s Target
50:01 - Thyssenkrupp AG, Germany’s largest steelmaker, swung to a net loss in the fiscal first quarter as the steel industry tries to weather a drop in prices wrought by record Chinese exports.The net loss was 23 million euros ($26 million) in the three months through December compared with net income of 50 million euros a year earlier, the Essen-based company said Friday in a statement. Thyssenkrupp CFO Guido Kerkhoff told Bloomberg’s Manus Cranny on “Countdown” he doesn’t see “any more windfall losses currently” in steel business.
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