Two factors about the improvement in competitiveness stand out. First, it has been achieved without the benefit of a nominal exchange-rate devaluation. Reflecting extensive labour-market reforms, it has been based on reductions in unit labour costs …

So in the €1.52 billion you've to add in the ball park €56 million as exchange rate when looking at the comparable sales number competitive to 2012. So 56 million currencies that had a negative effect. And we're looking at the operating margin, we …

These “figures” gave the sport its name, but they were gradually phased out because not even the most ardent skating fans would watch the tedious process on TV. Today's competitive figure skaters only do what their predecessors called the “free skating …

And if anyone tells me that the restitution of exchange rate flexibility within Europe would lead to a series of self-destructive competitive devaluations, I should reply that that would demonstrate – guess what? – a serious lack of demand. By the way …

Across the emerging markets there is now currency devaluation after currency devaluation. Turkey doubled its interest rates late last … One of its key aims is to weaken the yen to make Japanese exports competitive. Just a shame then that the crisis …

“As a result of the recent peso devaluation, Argentine rice became more competitive as the price paid by buyers in dollar terms now allows them to make a profit on their exports,” the USDA Post in Argentina says. Local exporters say most of the rice …

This is a very powerful program and I remain convinced that it is not something that all of our competitors can match. As a result, I expect the business to retain the ….. There is a question earlier on, on devaluation. So we're seeing Ukraine …

Scottish rugby is in a downward spiral – “devaluation max” you might call it in this year of the independence referendum – and there were moments in Dublin last weekend when rock bottom seemed unnervingly close. The pack, in particular, looked weak and …

It's no secret that the currency depreciation helped Toyota and other Japanese exporters gain a competitive edge by lowering prices in international markets, and also book record revenues on overseas sales. So, where does the company stand without the …