Dr. Rick C. Ernst
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Competitive Devaluation

Argentina fines Carrefour, Wal-Mart after devaluation
www.freshplaza.com

Argentina fined supermarkets including Carrefour SA (CA) and Wal-Mart Stores Inc., the world's largest retailer, for failing to maintain adequate stocks of price-controlled goods after a devaluation of the peso. Carrefour will be fined … The …

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Uruguay lowers growth estimate for 2014 to 3% of GDP; inflation still a challenge
en.mercopress.com

Bergara admitted that living next to South America's largest economies is not an easy task, even when it also has benefits. Argentina devalued its currency 23% in January to help make exports more competitive and stem the biggest plunge in foreign …

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The strange case of Abe
gulfnews.com

When the yen began falling sharply in late 2012, menaced by the threat of devaluation from Shinzo Abe, the soon-to-be prime minister, it made imports more expensive and dragged an already sizeable trade deficit more deeply into negative territory. That …

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Indonesia AirAsia slows expansion. Domestic share to suffer but international …
centreforaviation.com

More international flights will offset an anticipated reduction in domestic flights as IAA cuts or reduces capacity on domestic routes which have become unprofitable as a result of the rupiah devaluation. IAA is adamant it will not sacrifice aircraft …

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Uruguay's Growth Pushing Inflation Past Target, Bergara Says (2)
www.businessweek.com

Argentina devalued its peso 19 percent in January to help make exports more competitive and stem the biggest plunge in foreign reserves since 2002. Argentina's default 12 years ago deepened an economic crisis in Uruguay that led to the country's own …

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DIRECTV Announces Fourth Quarter and Full Year 2013 Results
www.marketwatch.com

EL SEGUNDO, Calif., Feb 20, 2014 (BUSINESS WIRE) — DIRECTV (NASDAQ:DTV) today reported that fourth quarter 2013 revenues increased 7% to $8.59 billion, operating profit before depreciation and amortization1 (OPBDA) increased 6% to $2.04 billion and …

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Robert Pringle's Viewpoint: The eurozone's unfinished business
www.centralbanking.com

Here actions are needed to reduce barriers to entry and competition in such fields as professional services and the retail sector; reform of wage bargaining process; removal of disincentives to work built into the benefits system; and strengthening …

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DIRECTV Management Discusses Q4 2013 Results – Earnings Call Transcript
seekingalpha.com

DIRECTV's industry-leading revenue growth of 7% continues to confirm our competitive advantages in the marketplace in the growing Latin America business, as well as our ability to profitably grow ARPU amidst a challenging U.S. operating environment …

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The Procter & Gamble Company (PG) news: The Procter & Gamble CEO …
seekingalpha.com

Also we are in the midst of taking pricing in several developing markets as I mentioned, offset current devaluation that occurred both last fiscal year and this. … Our objective is to consistently deliver market TSR in the top third of the …

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