JinkoSolar Q1 Profit Declines - Update

JinkoSolar Slips To Loss In Q2

JinkoSolar Holding Co., Ltd. (JKS) reported Friday that net loss attributable to the company's ordinary shareholders for the second quarter was RMB623.3 million or US$93.1 million, compared to net income of RMB66.2 million in the prior-year quarter. Loss per ADS was RMB12.60 or US$1.88, compared to earnings per ADS of RMB1.38 last year.

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JinkoSolar Board Approves Repurchase Of Up To $200 Mln ADSs

Chinese solar module manufacturer JinkoSolar Holding Co., Ltd. (JKS) announced Wednesday that its board of directors has approved a share repurchase program, which authorizes the Company to repurchase up to $200 million of its ordinary shares represented by American depositary shares (ADSs) during an 18-month period.

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TSX Falls 1% As Materials Shares Tumble

The Canadian market ended notably lower on Friday, hurt by sharp losses in materials and real estate sectors. Fading hopes of a rate cut by the Federal Reserve in September following data showing a stronger than expected growth in U.S. non-farm payroll employment weighed as well.

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Dollar Rises Sharply Against Major Counterparts After Upbeat Jobs Data

The U.S. dollar gained significant ground against several major currencies on Friday as an interest rate cut in September faded a bit after data from the Labor Department showed a stronger than expected increase in the nation's non-farm payroll employment.

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U.S. Consumer Credit Climbs Much Less Than Expected In April

Consumer credit in the U.S. increased by much less than expected in the month of April, according to a report released by the Federal Reserve on Friday.

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Why Do Economists Think Jobs Report Could Delay Fed Rate Cuts?

The strong set of employment figures released on Friday have sent market expectations for Fed rate cuts lower as the data pointed to a strong labor market and the increase in wages could add to the stickiness of inflation. Non-farm payroll employment surged by 272,000 jobs in May, data from the Labor Department showed Friday. Economists had forecast employment growth of about 185,000 jobs.

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Swiss Market Ends Marginally Up

The Switzerland market ended slightly higher on Friday after a choppy session, as investors largely refrained from making significant moves.

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European Stocks Close Lower As Investors Move Past ECB Rate Cut, Digest U.S. Jobs Data

European stocks closed lower on Friday as the euphoria over an interest rate cut by the European Central Bank subsided a bit, and expectations of an early interest rate cut by the Federal Reserve faded a bit after data showed a much stronger than expected growth in U.S. non-farm payroll employment in May.

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EURUSD	1.0816	GBPUSD	1.2721	AUDUSD	0.65344
USDJPY	156.644	USDCAD	1.37375	USDCHF	0.8962