International Monetary Fund (IMF) Resident Representative in Serbia Bogdan Lissovolik says that 2011 will be a hard year, but not necessarily harder than 2010.
He told B92 that a lot would depend on the moves of the Serbian government, the National Bank of Serbia (NBS), business activity and the effort of the citizens to provide a better future for themselves.
HTL International (H64.SG) +4.0% at $0.65 on hopes Beijing’s FX policy shift will boost Chinese spending power, rub off on Singapore-based leather sofa maker, which counts China as one of its export markets, according to Dow Jones.
But DBS Vickers, which has Hold call with $0.80 target, says stronger RMB would also be negative for HTL since 30% of its cost is denominated in RMB, with revenue booked in EUR and USD.
Healthcare is considered so sick in the USA that many believe anything is better than what we have now, so let’s pass ObamaCare. At…
