Dr. Rick C. Ernst
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Competitive Devaluation

Ecopetrol S.A. (ADR) (EC) news: Ecopetrol SA Management Discusses Q4 2013 …
seekingalpha.com

Our revenues rose in 2013 due to a higher production of crude oil and natural gas, greater local demand for fuels and the devaluation of the exchange rate. These positive …. These results are very competitive when compared with the oil industry …

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Gol Linhas Aereas Inteligentes SA (ADR) (GOL) news: GOL Linhas Aéreas …
seekingalpha.com

We also note that this was possible due to the maintenance of a competitive level of cost despite the deterioration of the macroeconomic scenario, together with our strategy of flexibility and CapEx management. Turning to Slide #6. We can see the …

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Reviving Ukraine's hurt economy
www.bangkokpost.com

This would lead to a substantial devaluation of perhaps 10%, thereby ending the current run on the hryvnia, eliminating the current-account deficit, and enabling a reduction in Ukraine's extremely high interest rates, which would stimulate investment …

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PHX Energy Announces All-Time Record Financial and Operating Results for …
www.marketwatch.com

These performance measures include earnings before interest, taxes, depreciation and amortization ("EBITDA"), EBITDA per share, adjusted EBITDA, adjusted EBITDA per share, funds from operations, funds from operations per share and senior debt to …

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Del-Nat @ 25 — dealer focused and 'Built to Last'
www.tirebusiness.com

Much of the company's success, Mr. Mayfield said, comes as a result of its unique cooperative structure in which program members are non-competitive and share equal ownership in the business. Each stockholder operates within a protected territory under …

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Telefónica's Net Profits up by 17%, Widely Surpassing Its Debt Reduction …
www.businesswire.com

Brazil strengthened its competitive positioning both in the mobile business, reinforcing its leadership in high value segments, and in the fixed business, thanks to the new commercial proposition and the rollout of fibre. It means registering positive …

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Fitch Affirms Yasar Holding at 'B'; Outlook Stable
in.reuters.com

However, Fitch is concerned that by the beginning of 2014 Yasar's input costs in coatings are likely to have increased as a result of the Turkish lira devaluation since 2H13, and that in a deteriorating economic environment, price pass-through will …

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China's yuan steadies, but still posts record weekly loss
www.metal.com

"We think the moves are more indicative of the market reacting to economic data and adjusting their outlook accordingly, rather than any attempt at competitive devaluation," they wrote in a report. BIGGEST WEEKLY FALL. For the week, the yuan lost more …

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US Economic Recovery Should Boost Brazil IT Exports
www.nearshoreamericas.com

Brazilian IT companies expect to increase their exports this year due to the recovery of the US economy and local currency devaluation, which has made their products more competitive. In 2012, the Brazilian software and IT service exports totaled US$ 2 …

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