Dr. Rick C. Ernst
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Competitive Devaluation

Travel Daily AsiaCurrency issues hit Air Astana profits…
www.traveldailymedia.com

He added however, that the devaluation of the Kazakh tengue would continue to have a negative effect on Air Astana's 2014 results. “Approximately two thirds of our revenue is earned in tengue whereas our costs are largely in US dollars, so there will …

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Hryvnia Extends World's Worst Slump Amid Bailout Talks With IMF
www.bloomberg.com

Ukraine's hryvnia slumped in the world's worst currency rout this year on speculation the country will be forced to allow a devaluation under the terms of an international bailout program. The currency depreciated 3.5 percent to 10.1 per … The IMF …

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Macro Horizons: Ukraine and China Cloud the Outlook
stream.wsj.com

This should help reinforce an otherwise slowing economy, but it raises concerns about competitive devaluation across Asia, especially with the Japanese making it clear that much more quantitative easing and yen weakness is a policy option. (AM).

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Painful Adjustments Await Ukraine in Europe's Not So Shiny 'Recovery'
www.globalresearch.ca

Beyond austerity, Spain needs to cheapen its economy to make it more competitive, but devaluing its currency by printing more money, as most countries have done, including the U.S. and Japan, is not an option because Spain uses the euro which is …

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Static Assembly Lines Don't Work In Interactive Marketing
marketingland.com

But in interactive marketing, change is the status quo and over-developing a process can lead to competitive disadvantages through a lack of proactive analysis and interpretation. I'm a firm believer in leveraging technology to expedite and ensure …

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Europe's Not So Shiny 'Recovery'
consortiumnews.com

Beyond austerity, Spain needs to cheapen its economy to make it more competitive, but devaluing its currency by printing more money, as most countries have done, including the U.S. and Japan, is not an option because Spain uses the euro which is …

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China Doubles Currency Trading Band
thediplomat.com

The first was a “competitive devaluation” aimed at boosting exports; the second an attack on currency speculators taking on risky deals based on the “one way bet” of RMB appreciation; the third was that the People's Bank of China (PBOC) was planning a …

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Air Astana Reports 2013 Net Profit of US$51.4 Million
www.asiatraveltips.com

Referring to prospects for 2014, Foster stated that whilst the year began promisingly, the devaluation of the Kazakh Tengue by 17% in mid February would have a negative effect on 2014 results. “Approximately two thirds of our revenue is earned in …

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Chinese Currency Faces Critical Test in the Next Few Weeks
www.theepochtimes.com

The economy is in a serious downward trend because business owners have to worry about their family safety instead of running their businesses in the current extremely corrupt and dangerous political system, while the state sector is not competitive in …

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