DIRECTIONS: Read the following and answer all the questions?
http://www.americanenglishconversation.com/
http://www.freeenglishconversation.blogspot.com/
http://www.grammar-help.blogspot.com/
http://freeenglishlessons-denise.blogspot.com/
As the BBC has reported, the software company Apple has more cash on hand than the United States federal government, according to the company's financial records.
Apple's quarterly financial report shows that the company responsible for the iPad, iPod and the iPhone now has $76.4 billion in reserve cash, while the Treasury Department is sitting on just $73.7 billion.
The feds could probably learn a thing or two from Apple's success. Congress remains embroiled in a debate over spending and whether the federal government, which currently owes trillions in debt, should be allowed to borrow even more. International credit rating agencies have threatened to downgrade the national debt for the first time in the nation's history if Washington doesn't come up with a solution to lift the $14.3 trillion debt ceiling while implementing a concrete plan to get the nation's financial house in order.
Meanwhile, Apple's financial report shows that the company's profits, even through the last recession, are booming.
http://www.americanenglishconversation.com/
http://www.freeenglishconversation.blogspot.com/
http://www.grammar-help.blogspot.com/
http://freeenglishlessons-denise.blogspot.com/
As the BBC has reported, the software company Apple has more cash on hand than the United States federal government, according to the company's financial records.
Apple's quarterly financial report shows that the company responsible for the iPad, iPod and the iPhone now has $76.4 billion in reserve cash, while the Treasury Department is sitting on just $73.7 billion.
The feds could probably learn a thing or two from Apple's success. Congress remains embroiled in a debate over spending and whether the federal government, which currently owes trillions in debt, should be allowed to borrow even more. International credit rating agencies have threatened to downgrade the national debt for the first time in the nation's history if Washington doesn't come up with a solution to lift the $14.3 trillion debt ceiling while implementing a concrete plan to get the nation's financial house in order.
Meanwhile, Apple's financial report shows that the company's profits, even through the last recession, are booming.
Asian shares fell on Tuesday on concerns about a downgrade of the United States credit rating and economic worries after sluggish manufacturing data, while the yen gave some gains on jitters over the possibility of intervention by Bank of Japan.
An 11th hour deal to raise the U.S. debt ceiling cleared its biggest hurdle in the House of Representatives, staving off the prospect of a calamitous default but failing to allay fears Washington could still lose its coveted triple-A credit rating.
The FTSE CNBC Asia 100 Index [.FTFCNBCA Loading... ()] , which measures markets across Asia, fell 1.3 percent.
Japan's Nikkei benchmark fell 1 percent, hurt by weak U.S. manufacturing data and worries about a possible cut to the United States' credit rating but heightened risks of intervention in currency markets by Japanese authorities lent support.
The benchmark Nikkei [.N225 Loading... ()] shed 1.1 percent to 9,855.21 after hitting an intraday low of 9,830.12, erasing gains made the previous day. The broader Topix fell 0.8 percent to 845.25.
Shares of Tokyo Electron fell 6.2 percent after the world's No.2 supplier of chipmaking equipment cut its annual forecast by half on Monday, hit by slowing investment by makers of chips used in PCs, smartphones and tablets.
Seoul shares lost ground following a weak finish on Wall Street. The Korea Composite Stock Price Index (KOSPI) [.KS11 Loading... ()] was down 1.4 percent at 2,141.81.
Shares in STX Group companies gained after a media report on possible limits to foreign investment in the bid for a $2.3 billion stake sale in Hynix Semiconductor. STX Corp jumped 6 percent and STX Offshore & Shipbuilding surged 6.5 percent.
Imarketkorea dropped by the intraday limit of 15 percent after its parent Samsung Group announced it would sell a combined 58.7 percent stake in the firm.
Australian shares fell 1 percent by mid-day after data showed a slowdown in manufacturing growth in emerging and developed economies alike, and local building approvals took and unexpected fall in June.
Global miners BHP Billiton dropped 1.9 percent, Rio Tinto fell 1.5 percent as metal prices fell. Copper posted its biggest one-day loss in two months on Monday.
Coal miner Macarthur Coal was flat at A$15.85. The firm stoked the fires of takeover speculation on Tuesday, saying it remained in "positive" talks with bidders Peabody Energy [BTU Loading... () 
] and ArcelorMittal as well as unnamed rival suitors.
] and ArcelorMittal as well as unnamed rival suitors.The benchmark S&P/ASX 200 index [.AXJO Loading... ()] fell 47.6 points to 4,450, reversing part of Monday's 1.7 percent gain. New Zealand's benchmark NZX 50 index slipped 10.3 points to 3,403.57.
Hong Kong shares opened lower, weighed by Industrial and Commercial Bank of China (ICBC) [1398.HK Loading... () ] after Goldman Sachs [GS Loading... () ] offered up to $486 million of shares to help a client hedge its position in the bank.
] after Goldman Sachs [GS Loading... () ] offered up to $486 million of shares to help a client hedge its position in the bank.The Hang Seng Index [.HSI Loading... () ] dropped 0.6 percent at 22,532.8 points.
] dropped 0.6 percent at 22,532.8 points.China shares fell, tracking losses on Wall Street overnight, with sentiment hurt by nagging worries about a slowing domestic economy and high inflation. The Shanghai Composite [.SSEC Loading... ()] slid 1.3 percent at 2,670.09.
Finally, in Southeast Asia, Singapore's STI [.FTSTI Loading... ()] slipped 0.9 percent.
Did the Seoul shares lost ground following a weak finish on Wall Street. The Korea Composite Stock Price Index (KOSPI) [.KS11Loading...()] was down 1.4 percent at 2,141.81?
A. TRUE.
B. FALSE.
B. FALSE.
Did the Hang Seng Index [.HSILoading...()] dropped 0.6 percent at 22,532.8 points.
] dropped 0.6 percent at 22,532.8 points.China shares fell, tracking losses on Wall Street overnight, with sentiment hurt by nagging worries about a slowing domestic economy and high inflation. The Shanghai Composite [.SSECLoading...()] slid 1.3 percent at 2,670.09?
A. TRUE.
B. FALSE.
B. FALSE.
No comments:
Post a Comment