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Competitive Devaluation

China's yuan steadies, but still posts record weekly loss
www.brecorder.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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Growth in Iran's non-oil exports linked to sanctions relief
www.al-monitor.com

In 2009, non-oil exports represented a 7.2% share in the country's GDP, only to fall as a result of sanctions and currency devaluation. The hardest hit non-oil export sectors were the petrochemical and automotive industries. Incidentally, the so-called …

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China's yuan steadies, but still posts record weekly loss
www.brecorder.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 …

1,951
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How to disempower the Big Six energy companies
blogs.spectator.co.uk

The Government recently changed policy to encourage competition, simplifying tariffs. Since January, they've only been able to offer four tariffs. Under one circumstance they can offer a new extra tariff: for a group switch. That is to say: if a big …

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Rupee strikes back
www.pakistantoday.com.pk

Hence the rupee depreciation few months ago was exactly what funds wanted political government to do, that being to make sure that the rupee depreciated enough to make exports competitive against regional players, i.e. Bangladesh, Sri Lanka, Vietnam …

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Eurozone labour costs increase
www.europeanvoice.com

Eurozone members' attempts at “internal devaluation” are more effective where other, more competitive economies within the eurozone experience above-average wage inflation. Germany's unit labour costs grew by an above-average rate of 1%, while wage …

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Symantec suffers after CEO replaced
www.ft.com

A person familiar with the matter said the board had been concerned about the product strategy Mr Bennett was undertaking, and especially as some product development leaders left to join the group's competitors. Analysts at Jefferies downgraded …

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RPT-Fitch affirms Telefonica's at 'BBB+'; outlook negative
www.reuters.com

Fitch estimates that following the E-Plus transaction (which remains subject to regulatory approval), Germany will account for 9% and the UK a 10% contribution – boosting the cash flow from competitive but nonetheless stronger performing northern …

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A washing machine factory tests Italy's industrial future
www.timesofmalta.com

That leaves so-called “internal devaluation” – pushing down wages and prices – as the best way to stay competitive. Spain, Greece and Portugal have pushed through deep wage cuts and made it easier to hire and fire, allowing firms to trim the price of …

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