While the devaluations will make Kazakh exports more competitive, many industrial companies have high levels of debt, much of which is in foreign currency. "We think a more optimal depreciation would have taken the tenge to around KZT165 to the dollar.

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 …

Countries with current-account surpluses need instead to boost domestic growth, refrain from competitive currency devaluation, and ensure exchange rates are flexible and market-determined, said a Treasury official who briefed reporters on condition of …

As currency devaluation sweeps through Latin America and pushes inflation to a record-high level, wholesalers on the once busiest block of downtown Los Angeles' Fashion District are feeling the pinch. “This is the probably the toughest month for us …

Kazakhstan, meanwhile, preemptively devalued the tenge by 19 percent in an attempt to keep its economy—and its exports—competitive. To date the Russian government's response to its currency woes has been reasonably restrained, unlike during the …

We believe that gross margins for the year will be in the 20% range on an overall consolidated basis and as the success of our optimization program takes hold and for competitive reasons we will not be providing a breakdown under specific margin by …

We had a very minor amount of negative pricing, while devaluation of the Canadian dollar had a more meaningful negative effect of 0.6% on total retail sales. I think the key takeaway for the quarter was volume/mix improvement of just under 1%. While …

Seeing our large competitors respond with promises to deliver similar capabilities validates our vision and confirms that we are not only on the right track, but also some distance ahead of the pack. Taken together, all these indications give us …

We believe that the 20% adjustment of the exchange rate to bring it to 185 tenge per $1 give or take 3 tenge is the very exchange rate – balanced and competitive – that Kazakhstan's economy needs in the short- and mid-term,” he elaborated. "We spent $2 …