There's an altogether different explanation though involving the yuan devaluation having nothing to do with Chinese authorities. The theory is that the yuan carry trade is unraveling of its own accord. … U.S. deficits have continued to sharply …
For the second consecutive year, it appears that no running backs will be taken in the first round of the NFL draft, another sign that in the modern-era, pass-first NFL, the position continues to go through a slight devaluation process. Of course, this …
… approximately 18% low in U.S. dollar terms. The benefit devaluation has brought will be partially offset by higher inflation flowing through, and you will be aware of our announcements this about to 10% higher salaries and we're already facing …
… economic and political conditions, changes in our raw material and energy costs, credit ratings, the success of restructuring plans, currency translation and devaluation effects, the competitive environment, the effects of animal and food-related …
Economic headwinds are generating some uncertainty for the company lately, and competitive threats from bigger players like Amazon.com (NASDAQ: AMZN ) and eBay (NASDAQ: EBAY ) are always a risk to watch. However, MercadoLibre continues firing on all …
The most important new news: China has devalued the yuan, reversing expectations for strengthening. … The result of this simultaneous impossibility: All are exporting deflation, low wages, and unemployment in a competitive spiral barely under control.
One way to read China's clear efforts to drive down the value of the yuan is that it is a belated effort to deal with the competitive pressure and externalized deflationary effect of the “Abenomics” policy framework in Japan, which drove down the value …
Other countries like Vietnam, the Philippines, and even Mexico, are now more competitive in terms of unit labor costs. So the only way out seems to be to take the path of currency devaluation. But even that road might lead to a dead end because of the …
Any financial help from the IMF for the country of 46 million is likely to come with tough conditions attached, including demands for budget cuts, structural reforms and a devaluation of the currency to make the economy more competitive. The IMF would …