Country Garden for gamble with Merrill Lynch lost 1.2 billion so gross profit of the company up to 44.7%
Report (Reporter Xiao Bin): listed in Hong Kong, the Country Garden on April 21st released the annual report in 2008, in which the company achieved a net profit of 1.378 billion yuan, up to a reduction of 66.68 percent, which was mainly due to the fair value loss of approximately 1.242 billion yuan generated by the swap shares, and the direct drag of the net profit level in 2008.
Morgan Stanley in the first quarter results had a loss of 177 million U.S. dollars and there is no lack of bright spot
Morgan Stanley announced on the evening of 22nd, as of March 31st, 2009 in the first quarter, there was a net loss of 177 million U.S. dollars, loss of 0.57 U.S. dollars per share, while year-on-year net income of 1.413 billion U.S. dollars, earnings of 1.26 U.S. dollars per share. The group reported that the rate difference of some long-term debt credit tightened led to reduce net income in the first quarter of 1.5 billion U.S. dollars, coupled with the investment of downturn in the real estate market leading to one billion U.S. dollars of losses, both impacted on negative earnings in the first quarter.
Bad lucks of “Freddie Mac” continued, which Deputy Chief Financial Officer suicided
China news agency in New York, on April 22nd – U.S. mortgage giant, “Freddie Mac” (FreddieMac) has bad lucks continued, and its Senior Vice President and Acting Chief Financial Officer David • Kellerman was found dead on 22nd in basement of Virginia home. Police said this was a clear suicide. Recently, in Freddie Mac the first was CEO of the company David • Smurfit resigned last month, so that into the state of no one in charge of the Freddie Mac, and then there were the mortgage default rates soared 50 percent within one month.
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