Why then do emerging markets – and their investors – portray episodes of sharp depreciation as “crises” when similar movements in, say, the Japanese yen or the Australian dollar are characterized as mere “adjustments”? The standard answer is fragility …
With regard to the — we did an impairment on devaluation of certain assets with regard to their assessment on the market development, sales expectations and the competitive environment. In this regard, of course, I can't exclude it for 2014. Again, we …
Fiscal 2013 Electrical segment gross profit included $5.4 million of restructuring expenses, a $3.6 million charge due to the Venezuelan currency devaluation, $0.8 million of purchase accounting adjustments, and a $2.3 million LIFO benefit …
In the Czech Republic and Slovakia, turnover declined by 11.9 per cent to EUR 132m, of which EUR 3.7m represented the devaluation of the Czech crown. Cement volumes declined by 15.5 per cent on prices that were off by 1.0 per cent. … Cement shipments …
The reality is that the predicament engulfing Barbados speaks to the deeply rooted structural problems inevitably facing countries which import and consume much more than they produce and export, and which lack a competitive productive base. Countries …
In a sense, post-Bretton Woods, the world had returned to the monetary system of the inter-war era that was marked by uncoordinated, cross-border national policies aimed at competitive devaluation. But this time round, governments vowed to learn from …
(1) Fourth quarter and full year 2013 adjusted diluted EPS excludes the impact, net of taxes, of the February 2013 devaluation of the Venezuelan bolivar; expenses (primarily for legal and advisory services) relating to the company's response to …
While Paul will address foreign exchange implication in more detail lately — later, let me briefly comment on the potential impact of the more rapid devaluation of the Argentine peso that we have seen recently. There is no doubt that a faster pace of …
With regard to the — we did an impairment on devaluation of certain assets with regard to their assessment on the market development, sales expectations and the competitive environment. In this regard, of course, I can't exclude it for 2014. Again, we …