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Monthly Archives: March 2011

Geithner calls for “flexible” currencies

Which is a very weak way of telling the chinese to stop manipulating their currency for advantageous trade positioning.

The G-20 meeting was organized by France, which is holding presidency of the group for this year.

France and China both pushed for the renminbi to be added to the Special Drawing Right account.

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Rumor: AU Optronics to Supply Apple’s IPAD 2

AU Optronics’ shares (AUO) are spiking this morning on rumors they may be a key supplier of LCD flat panel screens to Apple for their IPAD 2. However, some feel the story is not very credible.

“I think the credibility of this news is only at 30-40 percent, mainly because of the patent authorization for the technology,” said Wayne Cheng, an analyst of Primasia Securities.

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