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[Report] SENEWS-2008-02-01 Report

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SENEWS-2008-02-01 Report

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Economics Report





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点!尔何如?鼓瑟希,铿尔,舍瑟而作,对曰:异乎三子者之撰。子曰:何伤乎?亦各言其志也。曰:莫春者,春服既成,冠者五六人,童子六七人,浴乎沂,风乎舞雩,咏而归。夫子喟然叹曰:吾与点也。
Homework,
This is the VOA Special English Economics Report
Last week France's second largest bank, Societe Generale announced that a single middle-level trader had caused bank to lose over 7 billion dollars. It was the largest trading loss by an individual in banking history.

Jerome Kerviel reportly made trades in European Stock Index derivatives. These complex investments are bets that stock indexes will rise or fall. Mr Kerviel's job was to place bets that indexes would both rise or fall. Doing this limits the risk of losing a lot, but it also limits the gains. Mr Kerviel worked in a part of bank that was supposed to take on little risk. The bank said Mr Kerviel took measures to avoid its risk controls.

Reports say Mr Kerviel found a way to hide the fact that he bet only on stock prices rising. He also hid the huge amounts of his bets from bank supervisors. When stock prices dropped, his financial positions worth estimated 73 billion dollars had to be closed at a huge loss.

French government lawyers brought charges against the 31 year-old trader on Monday. Mr Kerviel was charged with breach of trust and illegal computer activity, however he was not charged with financial wrongdoing or false signing of documents. Mr Kerviel has denied that he tried to profit from his activities. His lawyer says he has been unfairly charged.

The bank said it only discovered Mr Kerviel's activities on January 20th, but a government lawyer said exchange officals had warned the bank about the trader's deal later last year. The lawyer said Mr Kerviel told him he had started his activities at the end of 2005. Many in the French government are pressuring the bank's Chairman and Chief Executive Daniel Bouton to resign.

Mr Bouton has offered to design twice, but both times the Bank's Board did not accept his resignation. Some experts believed efforts by Societe Generale to close out Mr Kerviel's financial positions played a part in driving down European stock prices early last week.

In the United States, the Federal Reserve cut the Federal Funds Rate for the second time in 8 days. On Wednesday the Central Bank cut the important interest rate by half a percentage point to 3 percent. The Fed says it is now more concerned about the slowing economy than about inflation.

And that's the VOA Special English Economics Report, written by Maryl Ratter. .I'm Steve Ember.
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立即获取| 免费注册领取外教体验课一节
homework
This is the VOA Special English Economics Report.
Last week, France's second largest bank Societe Generale announced that a single middle level trader had caused the bank to lose over seven billion dollars. It was the largest trading loss by an individual in banking history.
Jerome Kerviel reportedly made trades in European stock index diriberties derivatives. These complex investments are bets that stock indexes will rise or fall. Mr. Kerviel's job was to place bets that indexes would both rise and fall. Doing this limits the risks of losing a lot, but it also limits gains. Mr. Kerviel worked in a part of the bank that was supposed to take on little risk.
The bank said Mr.Kerviel took measures to avoid its risk controls. Reports say Mr.Kerviel found a way to hide the fact that he bet only on stock prices rising. He also hid the huge amounts of his bets from bank supervisors. When stock prices dropped, his financial positions worth an estimated seventy three billion dollars at to be closed at a huge loss.
French government lawyers brought charges against the thirty one year-old trader on Monday. Mr.Kerviel was charged with breach of trust and illegal computer activity, however, he was not charged with financial wrong doing or false signing of documents.
Mr.Kerviel has denied that he clied to profit from his activities. His lawyer says he is being unfairly charged.
The bank said it only discovered Mr.Kerviel's activities on Jan 20th. But a government lawyer said exchange officials had warned the bank about the trader's deals late last year. The lawyer said Mr.Kerviel told him he had started his activities at the end of 2005.
Many in the French government are pressuring the bank's chairman and chief executive Daniel Bouton to resign. Mr.Bouton has offered to resign twice but both times the bank's board did not accept his resignation.
Some experts believe efforts by Societe Generale to close out Mr.Kerviel's financial positions play the part in driving down European's stock prices early last week.
In the United States the Federal Reserve cut the Federal funds rate for the second time in eight days. On Wednesday the Central Bank cut the important interest rate by half a percentage point to three percent. The Fed said it is now more concerned about the slowing economy than about inflation.
And that's the VOA Special English Economics Report written by Mario Ritter. I'm Steve Ember.
PUT~见了他,她变得很低很低,低到尘埃里,但她心里是喜欢的,从尘埃里开出花来。
And what they did, what they created was greater than art, because you live your life in it.
实现无障碍英语沟通
On milari

This is the VOA Special English Economics Report.

Last week France's second largest bank, Societe Generale, announced that a single middle-level trader had caused bank to lose over 7 billion dollars. It was the largest trading loss by an individual in banking history.

Jerome Kerviel reportly made trades in European Stock Index derivatives. These complex investments are bets that stock indexes will rise or fall. Mr. Kerviel's job was to place bets that indexes would both rise and fall. Doing this limits the risk of losing a lot, but it also limits /the/ gains. Mr. Kerviel worked in a part of the bank that was supposed to take on little risk. The bank said Mr. Kerviel took measures to avoid its risk controls.

Reports say Mr. Kerviel found a way to hide the fact that he bet only on stock prices rising. He also hid the huge amounts of his bets from bank supervisors. When stock prices dropped, his financial positions, worth an estimated 73 billion dollars, had to be closed at a huge loss.

French government lawyers brought charges against the 31-year-old trader on Monday. Mr. Kerviel was charged with breach of trust and illegal computer activity. However, he was not charged with financial wrongdoing or false signing of documents. Mr. Kerviel has denied that he tried to profit from his activities. His lawyer says he has been unfairly charged.

The bank said it only discovered Mr. Kerviel's activities on January 20th. But a government lawyer said exchange officals had warned the bank about the trader's deals late last year. The lawyer said Mr. Kerviel told him he had started his activities at the end of 2005. Many in the French government are pressuring the bank's Chairman and Chief Executive Daniel Bouton to resign.

Mr. Bouton has offered to resign twice, but both times the bank's board did not accept his resignation. Some experts believed efforts by Societe Generale to close out Mr. Kerviel's financial positions played a part in driving down European stock prices early last week.

In the United States, the Federal Reserve cut the Federal Fund's rate for the second time in 8 days. On Wednesday the Central Bank cut the important interest rate by half a percentage point to 3 percent. The FED said it is now more concerned about the slowing economy than about inflation.

And that's the VOA Special English Economics Report, written by Mario Ritter. I'm Steve Ember.

Perseverance can sometimes equal genius in its results

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homework 还是晚了一步
This is the VOA special English economic report.

Last week France's second largest bank Societe Generale announced that a single middle level trader had caused the bank to lose over seven billion dollars. It was the largest trading loss by in individual in banking history.

Jerome Kerviel reportedly made trades in European stock index derivatives. These complex investments are bets that stock indexes will rise or fall. Mr. Kerviel's job was to place bets that indexes would both rise or fall. During this limits the risk of losing a lot but it also limits gains. Mr. Kerviel work in a part of the bank that was supposed to take on little risk.

The bank said Mr. Karveil take measures to avoid its risk controls. Reports say Mr. Karveil found the way to hide the fact that he bet only on stock prices rising. He also hid the huge amounts of his bets from bank supervisors. When stock prices dropped his financial positions were estimated 73 billion dollars had to be closed at a huge loss.

French government lawyers Brown Charges against the 31-year-old trader on Monday. Mr. Karveil was charged with breach of trust and illegal computer activity. However he was charged with financial wrong doing or false signing of documents. Mr. Karviel has denied that he tried to profit from his activities. He's lawyer his is being unfairly charged.

The bank said it only discovered Mr. Karviel's activities on January 20th. But a government lawyer said exchange official had warned the bank about the traders deals late last year. The lawyer say Mr. Karviel told him he had started his activities at the end of 2005. Many in the French government are pressuring the Bank's chairman and chief executive Daniel Bouton to resign.

Mr. Bouton has offered the resign twice, but both times the bank's board did not accept his resignation. Some experts believe efforts by Societe Generale to close out Mr. Karviel's financial positions play the part in driving down European stock prices early last week.

In the United States the Federal Reserved cut the federal funds rate for the second time in 8 days. On Wednesday the central bank cut the important interests rate by half a percentage point to 3 percent. The Fed said it is now more concerned about the slowing economy than about inflation.

And that's the VOA special English economic report written by Maryl Ratter, I'm Steve Ember.
Maybe, I'm better than I give myself credit for.
homework:
Last week, France's second largest bank() announced that a single middle level trader has caused the bank to lose over 7 billion dollars. It was the largest trading lose by an individual in banking history.
() reportedly made trades in European stock ( ). These complex investments are bets that stock (indects) will rise or fall. Mr ()' job was to place bets that () would both rise and fall. During this limits the risk of losing a lot, but it also limits gains. Mr () worked in the part of the bank that was supposed to take on a little risk. The bank said Mr() took measures to avoid it's risk controls.
Reports saying that Mr () found a way to hide the fact that he bet only on stock prices rising. He also hit the huge amounts of his bets from banks supervisers. When stock prices dropped, his financial positions was fanastimated 73 billion dollars had to be colsed at a huge lose.
French government lawyers has announced charges against the 31 year old trader on Monday. Mr () will charged with () of trust and illegal computer activity. However he was not charged with financial wrong doing or false sending of documents. Mr.() has denied that he tried to profit from his activities. His lawyer says he is being unfairly charged.
The bank said it only discovered Mr ()'s activities on January 20th. But a government lawyer said exchange officials had warned the bank about the traders deals late last year. the lawyer said Mr () told him that he had started his activities at the end of 2005.
Many in the French government are pressuring the bank's chairman and chief executive ------ to resign. Mr () has offered to resign twice but both times the banks board did not accept his resignation. some experts believe efforts by association did not allow to close out Mr () finicial positions play the part in driving down European stock prices early last week.
In the United States, the fetherer reserve to cut the fether from his rate for the second time in 8 days.
On Wednesday, the central bank cut the important interest rate by half a percentage point 23 percent. the Fed said it is now more concerned about the slowing economy than about inflantion.
纵然明天就是世界末日,我也要在今天听我的普特听力。
Homework,
This is the VOA Special English Economics Report
Last week France's second largest bank, () announced that a single middle level trader had caused bank to lose over seven billion dollars. It was the largest trading loss by an individual in banking history. () reportly made trades in European Stock Index(). These complex investments are bets that stock indexes will rise or fall. Mr ...'s job was to place bets that indexes would both rise or fall. Doing this limits the risk of losing a lot, but it also limits the gains. Mr... worked in a part of bank that was supposed to take on little risk. The bank said Mr ... took measures to avoid its risk controls.
Reports say, Mr ... found a way to hide the fact that he bet only () prices rising. He also hid the huge amount of his bets from bank supervisors. When stock prices dropped, his financial positions worth estimated 73 billion dollars had to be closed as a huge loss. French government lawyers () charges against the 31-year-old trader on Monday. Mr... was charged with () of trust and illegal computer activity.However he was not charged with financial wrongdoing or false signing of documents. Mr... has denied that he tried to profit from his activities. His lawyer says he has been unfairly charged.
The bank said it only discovered Mr ...'s activities on January 20th, but a government lawyer said exchange officials had () the bank about the trader's deals later last year. The lawyer said Mr ... told him he had started his activities at the end of 2005. Many in the French government are pressuring the bank's () to resign.
Mr ... has offered to design twice, but both times the bank's board did not accept his resignation. Some experts believed efforts by () to close out Mr ...'s financial positions played a part in driving down European stock prices early last week.
In the United States, the federal reserve cut the federal funds rate for the second time in eight days. On Wednesday the central bank cut the important interest rate by half a percentage point to three percent. The Fed said it is now more concerned about the slowing economy than about inflation(?).

And that's the VOA Special English Economics Report, written by ...I'm ...
实现无障碍英语沟通
homework:

12:33 This is the VOA Special English Economics Report.
Last week France's second largest bank Sociatasion Ahel announced that a single middle level trader had caused the bank to loss over 7 billion dollars. It was the largest trading loss by an individual in banking history. Jevon Kilveel reportedly made trades in European stock index divavertives. These complex investiments are bets that stock indexes will rise or fall. Mr. Kilveel's job was to place bets that index would both rise and fall. Doing this limits the risk of loosing a lot. But it also limits gains. Mr. Kilveel worked in a part of the bank that were supposed to take on little risk.
The bank said Mr. Kilveel took measures to avoid its risk controls. Reports say Mr. Kilveel found a way to hide the fact that he bet only on stock prices rising. He also heard the huge amounts of this bets from supervisers. When stock prices dropped, its financial positions worth an estimated 73 billion dollars at to be closed at a huge loss. French government lawyers brought charges against the 31 year old trader on Monday.
Mr. Kilveel was charged with brichave trust and illegal computer activity. However he was not charged with financial wrongdoing or false signing of documents. Mr. Kilveel has denied that he tried to profit from his activities. His lawyer says he has been unfairly charged. The bank said it only discovered Mr. Kilveel's activities on January 20th. But a government lawyer said exchang officials had warned the bank about the traders deals late last year. The lawyer said Mr.Kilbeel told him he had started his activities at the end of 2005. Many in the French government are pressuring the bank's chairman and chief executive Danial Butong to resign. Mr. Butong has offered to resign twice. But both times the bank's board did not accept his resignation.
Some experts believe efforts by Sociatation Ahow to close out Mr. Kilveel's financial positions played a part in driving down European stock prices early last week.
In the United States the federal reserve cut the federal funds rate for the second time in 8 days. On Wednesday the central bank cut the important interest rate by half a percentage point to 3%. The FED said it is now more concerned about the slowing economy that about inflation.
And that's the VOA Special English Economics Report. written by Mario Ritter. I am Steve Ember. 12:48
为英语哪可曾半日闲空,我也曾用过了好多苦功。
交流时不能够自由运用,身不爽瞌睡朦胧。
普特听力大课堂
Homework

This is VOA Special English Economics Report.

Last week Franks Second largest bank, Societe Generale announced that a single middle lever trainer had caused the bank to lose over seven billion dollars. It was the largest training loss by the indivision in banking history.

Jerome Kerviel reportedly main trains in your experence stock index derivatives. This complex investments are bets that stock investments are rise or fall. Mr. Kerviel’s job was to place bets that index were both rise and fall. Doing this limits the risk of lose a lot but it also limits gains. Mr. Kerviel worked in a part of bank that was surposed take on little risk. The bank said Mr. Kerviel took measures to avoid its risk controls. Reports say Mr. Kerviel found way to hide the fact that he bet only on stock rising.

He also heard the huge amounts of his bets from bank supervisors. When stock prices dropped his financial positions were estimated 73 billion dollars at be closed at a huge loss.

French government loyals brought charges against 31 years old trader on Monday. Mr. Kerviel was charged with breach of trust and illegal computer activity. However, he was not charged with financial wrong doing or fasle of signing of documents. Mr. Kerviel has denied that he try to profit from his activities, his loyal says he is being unfairly charged. The bank said it only discovered Mr. Kerviel’s activities on Jan. 20th. But the government loyal said exchange officials had warned the bank about the trader deals late last year. The loyal said Mr. Kerviel told him he had started his actovities at end of 2005.

Many in the French government are pressuring the bank’s chairman and chief excutive Daniell Bouton to resign. Mr. Bouton has offered to resign twice but most times the bank’s board didn’t accept his resignation.

Some experts believe efforts by Societe Generale to close out Mr. Kerviel’s financial positions play the part in driving down European stock prices early last week.

In United State, the federal reserve cut the federal funds rate for the second time in eight days. One Wednesday, the centural bank cut the important interest rate by have a percentage ponit to three percent. The Fed said it is now more concern the about slowing economy than about inflation.

And that’s the VOA Special English Economic Rport written by Maria Riter. I am Steven Ember.
好栏目推荐之美国口语俚语
On jiahua

This is the VOA Special English Economics Report.

Last week France's second largest bank, Societe Generale, announced that a single middle-level trader had caused the bank to lose over 7 billion dollars. It was the largest trading loss by an individual in banking history.

Jerome Kerviel reportly made trades in European Stock Index derivatives. These complex investments are bets that stock indexes will rise or fall. Mr. Kerviel's job was to place bets that indexes would both rise and fall. Doing this limits the risk of losing a lot, but it also limits gains. Mr. Kerviel worked in a part of the bank that was supposed to take on little risk. The bank said Mr. Kerviel took measures to avoid its risk controls.

Reports say Mr. Kerviel found a way to hide the fact that he bet only on stock prices rising. He also hid the huge amounts of his bets from bank supervisors. When stock prices dropped, his financial positions, worth an estimated 73 billion dollars, had to be closed at a huge loss.

French government lawyers brought charges against the 31-year-old trader on Monday. Mr. Kerviel was charged with breach of trust and illegal computer activity. However, he was not charged with financial wrongdoing or false signing of documents. Mr. Kerviel has denied that he tried to profit from his activities. His lawyer says he has been unfairly charged.

The bank said it only discovered Mr. Kerviel's activities on January 20th. But a government lawyer said exchange officals had warned the bank about the trader's deals late last year. The lawyer said Mr. Kerviel told him he had started his activities at the end of 2005. Many in the French government are pressuring the bank's Chairman and Chief Executive Daniel Bouton to resign.

Mr. Bouton has offered to resign twice, but both times the bank's board did not accept his resignation. Some experts believed efforts by Societe Generale to close out Mr. Kerviel's financial positions played a part in driving down European stock prices early last week.

In the United States, the Federal Reserve cut the Federal Fund's rate for the second time in 8 days. On Wednesday the Central Bank cut the important interest rate by half a percentage point to 3 percent. The FED said it is now more concerned about the slowing economy than about inflation.

And that's the VOA Special English Economics Report, written by Mario Ritter. I'm Steve Ember.
心中有敌,则天下皆为敌;心中无敌,则无敌于天下。
Homework:

This is the VOA Special English Economics Report.

Last week, France's second largest bank Societe Generale announced that a single middle-level trader had caused the bank to lose over seven billion dollars. It was the largest trading loss by individual in bank history.

Jerome Kerviel reportedly may trade in European stocks index diversities. These complex investments are bets that stock indexes will rise or fall. Mister Kerviel's job was to place bets that indexes would both rise and fall. Doing these limits the risk of losing a lot, but it also limits gains. Mister Kerviel worked in a part of the bank that was supposed to take on little risk.

The bank said Mister Kerviel took measures to avoid its risk controls. Reports say Mister Kerviel found a way to hide the affect that it bet only on stock prices rising. He also hurt the huge amounts of his bets from banks supervisors. Once stock prices dropt, its financial positions were estimated seventy-three billion dollars and be closed at huge loss.

French government lawyers brought charges against the thirty-one-year-old trader on Monday. Mister Kerviel was charged with breach of trust and illegal computer activity. However, he was not charged with financial wrongdoing or false signing documents. Mister Kerviel has denied that he tried to profit from his activities. His lawyer says he is being unfairly charged.

The bank said it only discovered Mister Kerviel's activities on January twenty-eighth. But government lawyer said exchange officials had warned the bank about the trader's deals later last year. The lawyer said Mister Kerviel told him he had started his activities at the end of two thousand five. Many in the French government are pressing the bank Chairman and chief executive Danmier Boton to resign. Mister Boton has offered to resign twice. But both times, the bank board did not except his resignation.

Some experts believe efforts by Societe Generale how to close out Mister Kerviel's financial positions played a part in driving down European stock prices early last week.

In the United States, the Federal Reserve cut the federal founds rate for the second time in eight days. On the Wednesday, the Central Bank cut the important interest rate by half a percentage point to three percent. The FED said it is now more concerned about the slowing economy that about inflation.

And that's the VOA Special English Economics Report, written by Mario Ritter. I'm Steve Ember.

Societe Generale
我怎么都听不出来。。
我听的是Soci attation ?怎么回事?
每天半小时 轻松提高英语口语
The first time!居然用了90分钟...还很多不会... sad.gif
This is the VOA Special English Economics report.
Last week, France’s second largest bank, Sociatation Ahal announced that a single middle leval trader has caused the bank to lose over 7 billion dollars. It was the largest trading loss by an individual in banking history.
X reportly made trips in European stock index the rivertis. This complex investment are best that stock indexes will rise or fall. Mr X’s jobs was to place back that indexes would both rise and fall. During this limit the risk is losing a lot, but it also limit gains. Mr X worked in a part of the bank, that was supposed to take on a little risk. The bank said, Mr X took measures to avoid its risk control.
Report say, Mr X found the way to hide the fact, but he back only on stop prices rising. He also hit the huge among surf his back, from bank super wrisers. When stop prices job, his financial position was …… 73 billion dollars at to be closed at a huge loss.
French government layer broke charges against the 31 year-old trader on Monday. Mr X was charged with bitch of changes, and ilegle computer activity. However, he was not charge with financial wondering or falls signing at … Mr X has the night that he try to profict from his activities. His layer said, he is being unfairly charge.
The bank said it only discover Mr X activities on Jur 28. But the government layer said exchange official had wounded the bank about the trader’s deals late last years. The layer said Mr X told him, he has started his activities at the end of 2005. Many in the French government are appricianting the bank’s chairman and …… then …… to resign.
Mr X has offered to resign twice but most time the bank born did not except his reservation. So experts believe efforts by sociatation Ahal to close out Mr X’s financial position, play the part in driving down European stock prices early last week.
In the United Stated, the Federal Reserve cut the Federal Fronts way for the second time in 8 days. On Wednesday the Central bank cut the important in… way by a half ……points to 3 percent. The face says it is now more concern about the snowing economy than about in fashion.
And that is the VOA Special English Economics Report, written by X, I’m Steve Ember.
homework,
This is VOA Special English Economics Report.
Last week, France’s second largest bank ** has announced that a single middle level traders has caused the bank to loss seven billion dollars. It was largest trading loss by individual in banking history.

** reportedly made trades in European Stock Index deravet. This complex investments are bets that stock index will rise or fall. Mr. **’s job was place bets that index was both rise and fall. During this limits risk of losing a lot, but it also limits gain.

Mr. worked in the part of bank that was supposed takes on a little risk. The bank said Mr. takes measures to avoid its risk controls. Reports said Mr. found a way to hide the fact that bet only on stock prices rising. He also hide a huge amount of bets from bank supervisors. When stock prices dropped, his financial positions were estimated 76 billion dollars had to be closed at a huge loss. French government lawyer brought charge against 21-years-old trader on Monday. Mr. was charged with ** trust and illegal computer activity. However, he was not charged with financial wrong-doing or false signing documents.

Mr. has denied that he tried to profit from his activity. His lawyer says he is being unfairly charged. The bank said it only discovered Mr.** activities on January 20th. But government lawyer said Exchange Official has warned the bank about trader’s deal late last year. The lawyer said Mr. told he that he started his activities at the end of 2005.

Many in French government are pressuring the bank’s chairman and chief executive officer to resign. Mr. ** has offered his resign twice, but both times the bank’s board does not accept his resignations. Some experts believes the offer by to close out Mr. financial position place a part in driving down European stock price earlier next week.

In the Unites States, the Federal Reserve cut the federal fund rate for the second time in eight days. On Wednesday, the Central bank cut the important interest rate by half percentage point to three percent. The Fed said it is now more concern about slowing economy than about inflation.

And that is the VOA Special English economics report, written by Mario Ratter. I’m Steve Ember.
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Homework

Last week, France’s second largest bank, Sociated a announce that a single middle level trader had caused the bank to loss over seven billion dollars. It was the largest trading loss by individual in banking history. B K reportedly made trades in European stock index derivoty. This complex investments are bets that stock index will arise or fall. Mr. K ‘s job was to place bets that index will both arise and fall. Doing this limit the risk of losing a lot, but it also limit the gains. Mr. K worked in the part of the bank that suppose take on little risk. The bank said Mr. K take measures to avoid its risk controls.

Report say Mr. k found way to hide the fact that the bet only on stock prices rising. He also hid the huge amount of his bet from bank supervisors. When stock price dropped, his financial position was estimated 73 billion dollars had been closed as a huge loss. France government lawyers brought charges against the 31-year-old trader on Monday. Mr. K will charged with breach with trust and illegal computer activity. However, he was not charged with financial wrong doing or false signing a document. Mr. K has denied that he tried to profit from his activities. His lawyer says he has been unfairly charged. The bank said it only discovered Mr. K ‘s activities on Jan 20th, but the government lawyer said exchange officials had warned the bank about the trader’s deal late last year. The lawyer said Mr. K told him he had started his activities at the end of 2005. Many in the French government are pressuring the bank’s chairman and chief executive D B to resign, Mr. B has offered to resign twice but both times the bank’s board did not accept his resignation.
Some expert believe effort by Sociated M to close up Mr. B ‘s financial position plate a part in drowing down European’s stock prices early last week.

In the United State, the Federal Reserve cut the federal fund rate for the second times in eight days. On Wednesday the central bank cut the important interest rate by a half percent point to three percent. The Fed said it is now more concerned about the slowing economy than about the inflation.
New term, new target!  just do it!

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